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Work From Home and the Office Real Estate Apocalypse
The space is there, but it is deeply underused, as are a lot of offices in New York City./nThe city's office space is still only about half occupied, way up from the depths of the pandemic, of course, but still, that is a lot of real estate sitting empty./nArpit Gupta is concerned because the impacts that we're seeing from remote work are impacting the commercial office owners, but they're also having broad spillover effects on how cities function more broadly.