ADVERTISEMENT
Daily Expert News
No Result
View All Result
Sunday, February 5, 2023
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
Daily Expert News
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
No Result
View All Result
Daily Expert News
No Result
View All Result
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
Home World New York

NYC Firms Open Offices Where Their Employees Live: Brooklyn

by Nick Erickson
May 30, 2022
in New York
132 1
0
NYC Firms Open Offices Where Their Employees Live: Brooklyn
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT


About 78 percent of the 160 major employers surveyed said they have adopted remote and in-person hybrid arrangements, up from 6 percent before the pandemic. Most employees plan to come to the office only a few days a week, the group said.

The seismic shift in office building use has been one of the most challenging situations in decades for New York real estate, a staple industry for the city, and the vast stock of offices in Manhattan, home to the two largest business districts in the country. , the financial district and Midtown.

About 19 percent of Manhattan’s office space is vacant, the equivalent of 30 Empire State Buildings. That percentage is up from about 12 percent before the pandemic, according to Newmark, a real estate company. Office buildings are more stable in Brooklyn, where vacancy rates are also about 19 percent, but haven’t fluctuated much since before the pandemic, Newmark said.

Daniel Ismail, the lead office analyst at Green Street, a commercial real estate research firm, predicted that the Manhattan office market would deteriorate in the coming years as companies adjusted their work arrangements and as leases signed years ago began to expire. In general, companies that have kept offices have shrunk as they realized they don’t need as much space, while others have moved to newer or renovated buildings with better amenities in transit-rich areas, he said.

Even before the pandemic, it was not uncommon for companies to move offices around the city or open separate locations outside of Manhattan. The city offers a tax break for businesses relocating to a suburb, with up to $3,000 in annual business income tax credits per employee.

Nearly 200 companies received it in 2018, for a total of $27 million in tax credits, the most recent data available, according to the city’s Treasury Department. But some office developers are betting that neighborhoods outside Manhattan will become attractive in their own right, enticing businesses specifically looking to avoid the hustle and bustle of Midtown.

More than 1.5 million square feet of office space is under construction in Brooklyn, including a 24-story commercial building in Downtown Brooklyn.

ADVERTISEMENT
Tags: BrooklynDailyExpertNewsEmployeesFirmsLiveNYCofficesOpen

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
ADVERTISEMENT

Related Posts

Mayor Adams has rats. Curtis Sliwa has cats. What could go wrong?
New York

Mayor Adams has rats. Curtis Sliwa has cats. What could go wrong?

January 5, 2023
Adams rejects criticism from the Blasio Aides in Scathing Broadside
New York

Adams rejects criticism from the Blasio Aides in Scathing Broadside

January 4, 2023
Broadway Bounces Back With 'Best Week Ever'
New York

Broadway Bounces Back With ‘Best Week Ever’

January 4, 2023
Fort Lee, NJ: 'Like being in the city without being in the city'
New York

Fort Lee, NJ: ‘Like being in the city without being in the city’

January 4, 2023
Brooklyn Library's Books Unbanned team wins award
New York

Brooklyn Library’s Books Unbanned team wins award

January 4, 2023
Damar Hamlin's Collapse Tests Buffalo Again: 'Karma Owes Us'
New York

Damar Hamlin’s Collapse Tests Buffalo Again: ‘Karma Owes Us’

January 3, 2023
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
This optical illusion has a revelation about your brain and eyes

This optical illusion has a revelation about your brain and eyes

June 6, 2022
NDTV Coronavirus

Viral video: Chinese woman pinned down, Covid test carried out by force

May 5, 2022
NDTV News

TGIF Mood: Video of Bear Cub Dancing in the Forest Melts 2.5 Million Hearts

June 3, 2022
Hundreds In Sarees At UK

Hundreds of sarees at Britain’s Royal Ascot Horse Race to help Indian weavers

June 16, 2022
The shock of chopping up a Chanel bag

The shock of chopping up a Chanel bag

1
NDTV News

Watch: Researchers Discover the World’s Largest Factory in Australia

1
Skyrocketing global fuel prices threaten livelihoods and social stability

Skyrocketing global fuel prices threaten livelihoods and social stability

1
No Guns, No Dragons: Her Video Games Capture Private Moments

No Guns, No Dragons: Her Video Games Capture Private Moments

1
Bond better with your kids and improve their mental health with these tips

Bond better with your kids and improve their mental health with these tips

February 5, 2023
Erik Ten Hag furious about Casemiro's red card in Man Utd victory | Football news

Erik Ten Hag furious about Casemiro’s red card in Man Utd victory | Football news

February 5, 2023
Video shows moment US missile hits Chinese spy balloon | CNN

Video shows moment US missile hits Chinese spy balloon | DailyExpertNews

February 5, 2023
NDTV News

3-year-old UP girl burnt alive after thatched roof of house catches fire

February 5, 2023
ADVERTISEMENT

Recent News

Bond better with your kids and improve their mental health with these tips

Bond better with your kids and improve their mental health with these tips

February 5, 2023
Erik Ten Hag furious about Casemiro's red card in Man Utd victory | Football news

Erik Ten Hag furious about Casemiro’s red card in Man Utd victory | Football news

February 5, 2023

Categories

  • Africa
  • Americas
  • art-design
  • Arts
  • Arts & Culture
  • Asia Pacific
  • Astrology News
  • books
  • Books News
  • Business
  • Cricket
  • Cryptocurrency
  • Dance
  • Dining and Wine
  • Economy
  • Education & Career
  • Entertainment
  • Europe
  • Fashion
  • Food
  • Football
  • Gadget
  • Gaming
  • Golf
  • Health
  • Hot News
  • India
  • Indians Abroad
  • Lifestyle
  • Markets
  • Middle East
  • Most Shared
  • Motorsport
  • Movie
  • Music
  • New York
  • Opinion
  • Politics
  • press release
  • Real Estate
  • Review
  • Science & Space
  • Sports
  • Sunday Book Review
  • Tax News
  • Technology
  • Television
  • Tennis
  • Theater
  • Top Movie Reviews
  • Top Stories
  • Travel
  • Uncategorized
  • Web Series
  • World

Site Navigation

  • Home
  • Advertisement
  • Contact Us
  • Privacy & Policy
  • Other Links

We bring you the Breaking News,Latest Stories,World News, Business News, Political News, Technology News, Science News, Entertainment News, Sports News, Opinion News and much more from all over the world

©Copyright DailyExpertNews 2022

No Result
View All Result
  • Contact Us
  • Home
  • Top Stories
  • World
  • Economy
  • Business
  • Opinion
  • Markets
  • India
  • Education & Career
  • Arts
  • Advertisement
  • Tax News
  • Markets

©Copyright DailyExpertNews 2022

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?