Office

When COVID hit, New York lost more than 90% of its office space demand between mid-March and June.

The majority of workers will return to offices following the pandemic, but there will be a substantial increase in the remote work segment of the employment market.

After posting positive growth during the summer months, the threat of rising COVID-19 cases eliminated the October bump in almost all markets.

As rent revenue declines, expenses are rising.

This time last year no one could have imagined how 2020 would turn out. But with the contours of a once-in-a-lifetimes Black Swan event now clear, we now have a realistic sense of how 2021 might unfold.

Icahn Enterprises already moved its headquarters to Sunny Isles Beach, and Blackstone and Elliott Management plan to add South Florida offices.

Supporting affordable housing development is among the best practices for cities to support growth through the pandemic.

Office users are reassessing the office space, and office owners will have to pivot quickly to survive.