In the halcyon days of pre-COVID New York City, an estimated 5.5 million people rode the subways on a daily basis. According to Spectrum News, ridership hit a low of nearly 366,000 riders on April 13, three weeks after Gov. Andrew Cuomo signed the "New York State on PAUSE" executive order. On June 19, however, the Metropolitan Transit Authority announced that weekday combined ridership on New York City subways and buses surpassed 2 million for the first time since the start of the pandemic in March.
Taking all of this into account, questions still arise: Will suburban commuters want to deal with the subway, even with precautions in place like face coverings and mandatory cleanings? Will there be a demand for office space in short walking distance from the three major transportation hubs of Grand Central Station, Port Authority Bus Terminal, and Penn Station?
A new report from Colliers International endeavors to give necessary context to those questions.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Richard Binder
Richard Binder, based in New York, is part of the social media team at ALM. He is also a 2014 recipient of the ASPBE Award for Excellence in the Humorous/Fun Department.
