NYC Office Market Faces Uncertainty Post-COVID 19  

Commercial Observer magazine's "Class A Meet Plan B: How the Coronavirus Could Impact NYC's Newly Built Office Space" explains that the post-COVID 19 pain for the Big Apple's office space market goes deeper than construction; it includes absorbing the space that failed businesses will leave behind. Compounding the problem will be a post-disaster historically cautious survivor's market, which will tend toward renewing existing space rather than upgrading to bigger and better space. Also adding uncertainty to the mix is general rethinking about how much office space actually is needed, as telework proves its efficacy and more firms and businesses adopt and adapt the process.