New York City's government is developing a plan to bring back 25% of its workers to offices by the end of the year, according to the Wall Street Journal, which cited a person familiar with the matter as its source.
New York City government workers' return to the office could deliver a significant boost to the metro's office buildings—the city government is the largest employer in the area—which have been languishing nearly empty since the pandemic began.
The source said the plan is still under development and could be changed if there is a large resurgence of the virus.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
