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NEW YORK/LONDON/MELBOURNE/MUMBAI (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
The north view of the Manhattan skyline is seen from the 86th floor observation deck of the Empire State Building in midtown Manhattan, as the iconic tower prepares to open to more tenants and visitors following the outbreak of the coronavirus disease (COVID-19) in New York City, New York, U.S., June 24, 2020. REUTERS/Mike Segar
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OFFICE SPACES. If Zoom Video Communications is a pandemic winner, then commercial office space is its mirror image. The vacancy rate in New York edged above 15% in December, according to Savills, with leasing running at the lowest rate in at least two decades. It’s not an outlier among cities either as things continue to worsen.