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We re Suffering : How Remote Work Is Killing Manhattan s Storefronts
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We re Suffering : How Remote Work Is Killing Manhattan s Storefronts
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They Want You Back at the Office
How to coax corporate America to return to work? First, get rid of the dead plants.
Commercial real estate brokers are trying to coax corporate America back to the office.Credit.John Muggenborg for The New York Times
April 30, 2021Updated 6:20 p.m. ET
When Alice Fair flaunted north-facing views from the 48th floor of a skyscraper in Lower Manhattan, her audience was quiet. Most were on mute.
Ms. Fair, a commercial real estate broker, was seeking subletters at 3 World Trade Center on behalf of Uber, offering up more than 80,000 square feet of office space a speck of the 103 million square feet now on the Manhattan market. She made it clear there was room to negotiate.
JPMorgan CEO Jamie Dimon signals to Wall Street it s time to return to the office
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. After a number of false starts over the past year, corporate America is finally bringing workers back to the office. The widening availability of vaccines means that employers are setting plans for returns. Exxon Mobil said on Tuesday that its Houston-area workers would be back full time in May. JPMorgan Chase, meanwhile, is opening its U.S. offices next month, with its full staff expected back in July on a rotating basis. Already, offices are slowly starting to fill up across the country as social distancing-rules ease and vaccines accelerate, bringing optimism that more Americans will soon be able to resume their pre-pandemic daily life. About 26% of office workers in major cities were back at their desks as of April 21, the highest share in about five months, data from security company Kastle Systems show.