NYC Skyscrapers Sit Vacant, Exposing Risk City Never Predicted

Bloomberg, May 18, 2023–Laura Nahmias, Natalie Wong, Dayana Mustak
Office vacancies in New York City reached a record 22.7% this year, after decades of an average rate that never surpassed 11% a year. The city’s budget experts say the vacancy rate won’t dip below 19% before at least 2026.