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


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?

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- - Volume: 25 - WEEK: 12 Date: 3/18/2025 12:55:13 PM -