I think this is mostly wishful thinking, to be honest.
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The Manhattan economy & lifestyle won't disappear, but there is no way it doesn't force a bunch of employers to rethink how much of their workforce needs a hyper-expensive Manhattan office space.
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I’d hate to have a job leasing urban office space over the next few years.
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Same thing here in DC. Ripple effects for the idea of modern “city” are enormous. Lots of lost RE tax revenue without high valuation of fully occupied high rent office buildings.
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My NYC office is closed indefinitely. Over 1000 employees.
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