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Office occupancy in New York finally hits 40%

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Finally, good news for New York City’s office landlords as office occupancy pushed past 40 percent for the first time since the start of the pandemic. The Kastle Back to Work Barometer increased to 41.2 percent; Kastle Systems measures office occupancy by entry into office buildings.

“This is good news for our city’s recovery as the presence of office workers in the central business district is critical for retail, restaurants and other storefront businesses hit hard by the pandemic,” ...

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