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Research - DECEMBER 17, 2021

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NYC office buildings may make full recovery by July 2022

by Andrea Zander

A report says that Americans are heading back to office buildings in New York as 2021 winds down. The shift away from the pandemic-induced remote-work lifestyle is happening at a swift, but not breakneck speed. Overall, the recovery is “continuing apace,” according to the report by foot-traffic analytics firm Placer.ai, titled NYC Office Recovery.

In January 2021, visits to New York City office buildings were down more than 75 percent compared to January 2019. But by November 2021, they were down only 34.3 percent — so, foot traffic has more than doubled to New York’s busiest buildings during the past eleven months. That’s a

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