Wonder what the current vacancy rate is for office buildings in Manhattan?
Found this....skip over the parts where they try to gloss it up....
....More than 120 million square feet of office space has remained vacant ever since the first quarter of 2021 and shows no signs of being reduced. As of June 1, average asking rents of $65 a square foot represented a decline of 30% from the $90 being demanded in 2019, according to Lander’s report.
If the situation does not improve, the comptroller estimates, the decline in office values this year could cost the city as much $600 million in property taxes annually. Property taxes are normally the city’s most stable revenue source.....
I think I’ve read that only about forty percent have returned to the office. Pretty scary for the economy if true.