New York workers’ return to office ignites deal hopes in battered real estate market

NEW YORK (Reuters) - Investors including Blackstone and wealthy individuals are scouting for office properties in New York as companies call employees back to the office, fueling a nascent recovery in the battered commercial real estate market.

The increasing appetite for offices in New York and beyond could signal a broader economic recovery for major cities worldwide as many workers return in person five days a week, lifting demand for local services. The turnaround comes after investors shunned emptied-out commercial spaces for years after the pandemic.

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RSK: This author sees a resurgence in RTO contrary to the author above. Which do you see or believe?