In March, New York City's office visitation rates reached their highest levels since June 2024, with a notable 75% of pre-pandemic figures. The report by the Real Estate Board of New York highlights the resurgence in foot traffic, particularly in high-end buildings in Midtown and Downtown. This increase marks a steady recovery from diminished office presence during the pandemic. The analysis utilized mobile device data to track foot traffic in 350 buildings, revealing Class A+ buildings leading the way with an 88% visitation rate. The data suggests renewed interest and overall economic activity in the office market.
Despite the challenges post-pandemic, NYC's office visitation is steadily rising, with March posting a 75% rate, the highest since June 2024.
The Real Estate Board of New York reported that March office visitation rates in Manhattan hit 75% of 2019 levels, indicating a gradual recovery.
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