NY POST: What will happen to NYC high-rises if office workers never come back?
STEVE CUOZZO: We’ve been told that office buildings won’t be vacant forever.
REAL ESTATE: Once Omicron recedes, a trickling return to workplaces will swell into a mighty wave.
Buildings might not be as full as they were pre-COVID but they’ll be full enough to sustain the city’s great commercial tax base and keep landlords from going broke.
So say real estate executives and business leaders, and so have I written many times in The Post.
But what if we’re all wrong? What happens if scary prognostications by the brilliant Wall Street Journal columnist Peggy Noonan come to pass?
Noonan wrote last February that the pandemic brought about “the collapse of the commuter model … in the past year the owners of great businesses found how much can be done remotely. They hadn’t known that!”
PLEASE READ MORE HERE:
https://nypost.com/2021/12/27/what-will-happen-to-nyc-if-office-workers…