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Tuesday, April 30, 2024

The end of offices? New York’s business districts face uncertain future

In the pre-Covid-19 era the streets of midtown Manhattan would be teeming with people – but now New York’s famous business districts are struggling to survive.

NEW YORK: Boarded-up stores, shuttered restaurants and empty office towers: Covid-19 has turned New York’s famous business districts into ghost towns, with companies scrambling to come up with ways to entice workers to return post-pandemic.

“If they don’t come back, we’re sunk,” said Kenneth McClure, vice president of Hospitality Holdings, whose Midtown bistro pre-coronavirus would buzz with the sound of financiers striking deals at lunch and sharing cocktails after a hard day at the office.

The group has closed its six restaurants and bars in Manhattan, two of them permanently, due to lockdown restrictions that have paused office culture – a…

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