Reinvention is part of the New York’s DNA. But how will it cope with its empty banks of offices as many people continue to work at least partly from home
Save time by listening to our audio articles as you multitaskThat is the goal set by Eric Adams, New York’s Democratic mayor, and Kathy Hochul, the state’s Democratic governor. Last month a panel convened by the mayor and governor presented a plan to transform New York City, with 40 initiatives to reinvent three broad areas: business districts, commuting and housing, and to do all this with equity as well growth in mind.
That is especially evident in the proposals for the city’s business districts. Lots of cities are struggling with empty offices as people continue to work at least partly from home. In Manhattan the office vacancy rate is at record high. Many shops, from retailers to dry-cleaners, and restaurants, which rely on office workers for custom, are closed or are struggling.
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