New York’s most famous office skyscraper looks vulnerable to losing office tenants as more companies embrace remote work or cheaper offices
The Empire State Building, New York’s most famous office skyscraper, has come to reflect much of what ails the city and its commercial real estate during the Covid-19 pandemic.
The iconic tower looks vulnerable to losing office tenants as more companies embrace remote work or cheaper satellite offices outside city centers. Some in the industry say it is worse off than many peers because the building relies on smaller office tenants, which tend to be more at risk during a downturn. Its retail tenants face challenges with many...
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