Even as many investors and managers warn the office sector will never be restored to its pre-pandemic status, one of commercial real estate’s longtime players is betting that it’s making a comeback — and that the Big Apple, the nation’s premier office market, is ground zero for that recovery.
Swinerton, a 135-year-old provider of commercial construction and construction management services, opened its first New York City office about 18 months ago in the very metro hit hardest by the COVID-19 pandemic, sending office workers and companies scrambling to other states, the suburbs, the outer boroughs, and to their homes.
Spearheading the company’s Gotham office is Andrew Pearl, a vice president and division manager at Swinerton.
“At the time of our opening, there was great uncertainty in the future of workplace environments in urban cities, such as New York,” says Andrew Pearl. “However, as a national bi-coastal construction firm with national acco