Office

New York’s rate of positive Covid-19 tests fell to the lowest since the pandemic began last week. Yet tourism is down, crime is up and as many as a third of the city’s small businesses may never reopen.

The hedge fund wants to sublet about 30,000 sq. ft. of its 50,000-sq.-ft. offices at the NYC skyscraper.

Uncertainty looms over the U.S. economy and no property type is immune from the potential financial impact.

Their argument: It’s safe, and the eateries and shops that make Manhattan special can’t hold out much longer.

KBS CEO Chuck Schreiber discusses how the pandemic is changing tenant needs and what that means for office owners.

The COVID-19 pandemic has taken its toll on office investment sales with transaction volume falling to its lowest level since the Great Recession.

Firms with fewer than 500 employees account for 44 percent of U.S. economic activity and employ almost half of U.S. workers.

COVID-19 will pass eventually. The question is how large of an exodus cities will suffer, and how long it will last.