"But with New York City having entered Phase 2 of reopening in late-June and pockets of New York State already in Phase 4, there are promising signs of a recovery in the second-half of the year," says Colliers' Franklin Wallach.
A new report from Moody's Analytics sees vacancies ticking up yet again for the first quarter of 2020—but not nearly as much as in the previous quarter.
The report found patients are trying to avoid hospitals during the COVID-19 pandemic, with some going so far as to say they wouldn't go to the ER for a medical emergency.
Retail in general took a bath during the pandemic, but due to their unique placement, outdoor facilities were affected less. There may be reasons for businesses to think about occupying both spaces.
Sensor data shows that while individual work is most common in workplaces, when employees congregate they tend to do so in ways that runs afoul of social distancing guidelines.