Most of the Empire State Building is dedicated to office space. With its mix of big and small businesses, the building is perhaps a better barometer of the state of office space in New York and the city’s economy than the towers dominated by global firms. — The New York Times
The building’s tourist and retail income has been essentially shut out for over 18 months because of the pandemic. As a result, tenants are being offered sharp discounts despite increasing signs that the remote work trend is here to stay.
“We’ve found ourselves being able to work in ways that we couldn’t imagine were possible before,” one tenant told the Times. “We just thought for so long we needed an office to be efficient, and that’s not true.”
An expansive $165 million renovation of the Empire State Building Observatory authored by Thinc was completed just before the pandemic. The New York Times has a visualization of the Art Deco landmark’s future here.
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