{"id":142566,"date":"2020-12-28T02:48:49","date_gmt":"2020-12-27T23:48:49","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/landlords-need-vaccines-to-get-employees-back-to-offices\/"},"modified":"2020-12-28T02:48:49","modified_gmt":"2020-12-27T23:48:49","slug":"landlords-need-vaccines-to-get-employees-back-to-offices","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/landlords-need-vaccines-to-get-employees-back-to-offices\/","title":{"rendered":"#Landlords need vaccines to get employees back to offices"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a412ad658ff7\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a412ad658ff7\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/landlords-need-vaccines-to-get-employees-back-to-offices\/#Le_Pain_Quotidien_gets_new_life\" >Le Pain Quotidien gets new life<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/landlords-need-vaccines-to-get-employees-back-to-offices\/#Busy_Kaufman\" >Busy Kaufman<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/landlords-need-vaccines-to-get-employees-back-to-offices\/#A_first_for_this_meat\" >A first for this meat<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#Landlords need vaccines to get employees back to offices<\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/12\/landlords-nyc-offices.jpg?quality=90&amp;strip=all\" \/><\/p>\n<div>\n<p>Landlords are praying that the launch of COVID-19 vaccines will finally send more employees back to their desks after the turn of the year. But there\u2019s little movement so far, and some big tenants have hit the pause button on previously planned returns as they await the vaccines\u2019 full-scale rollout.<\/p>\n<p><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>le CEO Tim Cook recently said it \u201cseems likely\u201d that most staff won\u2019t be back before June. That return date, if it holds up, would actually please landlords, who\u2019ve seen company after company balk at calling employees back to their desks \u2014 among them, Google, JPMorgan Chase and Bank of America.<\/p>\n<p>The city\u2019s 440 million square feet of office towers remain stubbornly near-empty 10 months after the pandemic started here, according to market tracker Kastle Systems\u2019 closely followed Back to Work Barometer.<\/p>\n<p>Most real-estate insiders agree with work-from-home skeptic Ruth Colp-Haber, a Wharton Property Advisors principal, that \u201cself-isolation is a dead end and human beings need to gather together.\u201d Yet New York metro-area occupancy dipped to 12 percent the week before Christmas, Kastle reported, compared with a weekly average between 14 and 17 percent in previous weeks.<\/p>\n<p>Work-from-home hasn\u2019t yet sunk any landlords, as most tenants continue to make lease payments. But if WFH lasts indefinitely, it would be a calamity \u2014 and not just for New York.<\/p>\n<p>One industry insider unwilling to be named said, \u201cTake it to the extreme. Not just Manhattan but cities around the world turn into white-elephant ghost towns. What happens to all those buildings which prop up whole economies?\u201d<\/p>\n<p>The vast majority of landlords, brokers and analysts dismiss such a worst-case scenario. But with each passing month, the near-empty state of Midtown, Midtown South and downtown ratchets up the tension.<\/p>\n<p>On the reassuring side, real-estate research and consulting firm CREtech reports that nearly 60 percent of US employees expect to return to their offices, at least part-time, by the end of the first quarter.<\/p>\n<p>Less comforting, a Fortune survey found that one-third of all employees would prefer never to go back to their desks. The wish to work from home permanently was most pronounced among older workers ages 55 to 64.<\/p>\n<p>The snail\u2019s-pace return has exasperated major landlords.<\/p>\n<p>SL Green CEO Marc Holliday said in a third-quarter earnings call that \u201c80 percent, 85 percent of the people that work in office buildings are still home, and that\u2019s frustrating.\u201d<br \/>CBRE Chief Executive Bob Sulentic said on CNBC that the vaccine launch will be \u201ccrucial\u201d and lead to \u201cmuch more activity\u201d in office buildings by mid-2021.<\/p>\n<p>Landlords attribute the slow return pace partly to employees\u2019 fear of contracting the virus on mass transit and lack of amenities that are a main reason why people enjoy working in dense commercial districts. Theaters are dark and restaurants are closed for indoor service.<\/p>\n<p>They also blame chief executives for not pushing their staffs hard enough to reclaim their offices.<\/p>\n<p>\u201cThe CEOs themselves are willing to go back, and many have,\u201d one executive of a privately held property firm told The Post. \u201cBut they\u2019re leery of getting sued if someone catches COVID-19. They say they want to bring their teams back, but they don\u2019t do enough to make it happen,\u201d he said.<\/p>\n<p>\u201cMeanwhile, every month they stay home further cements the idea of working at home.\u201d<br \/>Colp-Haber wrote in a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>letter, \u201cThe decision on when and how to return to the office will be made by senior management, not the rank-and-file employees.\u201d<\/p>\n<p>She added, \u201cSmart landlords will play their part with more flexible lease terms, pandemic-protection clauses and lower rents.\u201d<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Le_Pain_Quotidien_gets_new_life\"><\/span>Le Pain Quotidien gets new life<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u200a\u200aFast-casual eatery specialist Aurify Brands bought bakery-driven chains Le Pain Quotidien and Maison Kayser out of bankruptcy earlier this year.<\/p>\n<p>Kicking off a plan to reopen LPQ in vacant, former Maison Kayser locations, Aurify just signed a lease for a new LPQ in 2,425 square feet of ground-floor space and 1,300 square feet in the basement of Manhattan Skyline\u2019s 1377 Sixth Ave. at West 56th Street \u2014 the rental apartment building Claridge\u2019s.<\/p>\n<p>Aurify co-CEO John Riggs told The Post, \u201cWe\u2019re opening it up as the new and improved LPQ, which will offer a superior culinary and hospitality experience than before.\u201d<br \/>Joshua J. Roth repped Skyline in-house, while ACS Real Estate Advisors repped Aurify.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Busy_Kaufman\"><\/span>Busy Kaufman<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Kaufman Organization racked up 130,000 square feet of new leases and renewals in the past few months, according to company principal Grant Greenspan.<\/p>\n<p>The deals included Allure Gems for more than 17,000 square feet; for R.B. Samuels for 8,240 sf at 132 W. 36th St.; and for 3,600 sf for popular Indian restaurant Junoon, which is moving to 19 W. 24th St. from a few doors down.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"A_first_for_this_meat\"><\/span>A first for this meat<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Third-generation artisanal butcher Piccinini Brothers, a supplier to top city restaurants such as Restaurant Daniel and Balthazar, has launched a shop at 633 Ninth Ave. at West 44th Street. It\u2019s the first time customers can buy Piccinini\u2019s meat and poultry at a retail location. Its products were previously available only through its Web site for home delivery.\n            <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2020\/12\/27\/landlords-need-vaccines-to-get-employees-back-to-offices\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Landlords need vaccines to get employees back to offices&#8221; Landlords are praying that the launch of COVID-19 vaccines will finally send more employees back to their desks after the turn of the year. But there\u2019s little movement so far, and some big tenants have hit the pause button on previously planned returns as they await&#8230;<\/p>\n","protected":false},"author":1,"featured_media":142567,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/12\/landlords-nyc-offices.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[87914,72881,70344,73947,73218,75389],"class_list":["post-142566","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-12-27-20","tag-commercial-real-estate","tag-coronavirus-in-ny","tag-landlords","tag-office-buildings","tag-realty-check"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/142566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=142566"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/142566\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/142567"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=142566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=142566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=142566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}