Most corporations are taking a cautious approach. Some are preserving workplaces closed, whereas others are opening them at decreased occupancy and permitting staff to resolve if they like to maintain working from residence. Mary Ann Tighe, chief government for the tri-state area at real-estate companies agency CBRE Group Inc., mentioned many New York Metropolis shoppers don’t plan on being totally again within the workplace earlier than Labor Day. And possibly solely then if colleges have reopened.
Companies are worried about one other wave of infections, Ms. Tighe mentioned. Some are additionally involved about commuting bottlenecks, if extra drivers result in site visitors jams or public transit limits the variety of riders. Decrease most occupancy in elevators may additionally result in traces.
New York real-estate brokers and landlords say they anticipate solely 10% to 20% of Manhattan’s workplace employees will return on Monday, although they count on that determine to extend regularly over the summer time. Merchants at financial-services corporations are desirous to return, these folks say, however most of their different staff are staying away. Tech and inventive corporations are additionally taking their time.
A notable exception are real-estate corporations, many staff of which is able to return in power this week. That features RFR, which is situated within the Seagram Constructing on Park Avenue and is encouraging its 60 staff to work from the workplace 4 days every week. About half of Brookfield’s roughly 700 New York staff will likely be allowed to return to their workplace on Monday, and the corporate expects a few quarter of the full to indicate up.