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Companies Gear Up for Republican Convention

NEW YORK CITY-Approximately half of the respondents say they'll personally be heading out of the area or taking vacation time during the upcoming Republican National Convention. An additional 25% say they'd either work from home or another office or take a business trip.

By Barbara Jarvie | Updated on August 23, 2004

NEW YORK CITY-Manhattan will be the place to be next week for the Republican Convention, but, according to a survey from CoreNet Global, many in the real estate realm plan to be anywhere but here. In the survey of 54 New York-area corporate real estate managers conducted by the professional trade association, businesses also anticipate declines in productivity and a negative impact on some of their bottom lines due directly to the four-day convention.

The big surprise in the results CoreNet Global director of publications and media relations Richard Kadzis tells GlobeSt.com is that nearly “half or so of the members in New York City say they are heading out of Dodge or taking vacation time.” And they don’t expect it to be business as usual as 56% feel the absence of workers in their normal workplaces will create a decline in productivity, while 29% anticipate a negative financial impact.

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