Explained: Why the Empire State
Building may never be the same
Explained: Why the Empire State Building may never be the same on Business Standard. The coronavirus
pandemic emptied out the attractions, shops and offices, in both the building and the city, for months
International News Most of the Empire State Building is dedicated to
office space. With its mix of big and small businesses, the building is
perhaps a better barometer of the state of office space in New York and
the city’s economy than the towers dominated by global firms.
But 48 tenants, who represent nearly half of the building’s office space,
shared their plans for returning to the office or announced them
ALSO READ: SpaceX capsule with world's first all-civilian orbital
crew returns safely
Tenants who represent 41 percent of the building’s office space said
when they return, they will em-brace a hybrid work model, in which
employees have the option to work remotely at least part of the time.
All of the tenants who said they left the building, or plan to, were in
leases or sublet agreements that happened to end during the pandemic or
will end soon...Read more.
News Source : BS / Business Standard