Work in Progress
New York Office Occupancy Breaks 50% for First Time Since Pandemic Hit
Commuters at the Times Square subway station in New York City.
Photographer: Yuki Iwamura/BloombergThis article is for subscribers only.
Offices in New York City crossed the 50% threshold last week for the first time since the Covid-19 pandemic eviscerated the local economy at the start of the outbreak.
Building occupancies in the New York metro area hit 50.5% of pre-pandemic levels in the week ended Wednesday, June 7, according to data from security firm Kastle Systems, up 4.2 percentage points from the week before.