How Remote Working Is Impacting Office Valuations Across Big Cities
Allwork
JUNE 9, 2022
A working paper from NYU and Columbia University researchers shows that the value of New York City’s office buildings fell by one-third during 2020. . Using data from commercial real estate database CompStak, Van Nieuwerburgh and the other researchers were able to determine that lease revenues fell 8% from January 2020 to December 2021.
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