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Post-Shutdown, Manhattan Office Will Continue But Evolve

The COVID-19 pandemic isn’t yet over, but already industry members are asking questions about the future of Manhattan office, reports Colliers International’s Franklin Wallach.

Among these questions: “Will people prefer to work from home? Will the trend toward densification end? Will new technologies be utilized in buildings to circulate air better, or alert the population about a person in a building with a fever?”

Wallach notes that the situation Manhattan office has faced in the past several weeks has been “unlike any other.” It’s driven by “a virus and the mandated shutdown of the economy in order to save lives.”

However, he adds that although additional waves of the pandemic are possible, “the government-mandated social distancing and shutdown will eventually come to an end.”

When it does, Wallach writes, “the 526-million-square-foot Manhattan office market will continue, but will also evolve—as it has always evolved—by historic and life-changing events.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).