NEW YORK — The COVID-19 pandemic has pressured many corporations to rethink their operations, together with the way in which their staff work. Many companies have transitioned to a work-from-home mannequin, however, sadly, the business actual property market has taken a major hit due to this. And because the delta variant continues to unfold, many places of work are pushing again the date their staff can return to work, leaving some workplace buildings and retail areas vacant or underused.
Scott Rechler, the chairman and CEO of RXR Realty, joined NY1 political anchor Errol Louis on “Inside Metropolis Corridor” on Friday night to speak about the way forward for business actual property in New York Metropolis. Rechler, who can be the chair of the Regional Plan Affiliation, additionally mentioned the current report from State Comptroller Tom DiNapoli, which highlights the pandemic’s impression on business actual property.
Watch the complete interview above.
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