New York-based companies likely to reduce office space long-term

Reported in Fox News, June 22, 2020, real estate entrepreneur Don Pebbles predicted New York based companies are likely to reduce their brick-and-mortar office space in favor of remote working. ”What happened with COVID-19 is, it accelerated nationally…because it compelled most Americans, certainly office workers, to work remotely. What business owners, entrepreneurs, and CEO’s found out is that it was an effective way to work…Now people can work from all over the world and they don’t have to be in the same geographic location of where their job is located. That will open up a greater talent pool for businesses to make it more cost-effective…I think we are going to see a lot of people not go back to the city and work remotely. Maybe workers go in once or twice a week, max.”