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New York City office visits surpass pre-pandemic levels, but occupancy tells a different story

Tenants use less space even as foot traffic rebounds in top-tier buildings
New York's office attendance recovery has brought a surge in absorption to some trophy real estate, including the Empire State Building, but some properties are still struggling to maintain occupancy. (Franklin Abreu/CoStar)
New York's office attendance recovery has brought a surge in absorption to some trophy real estate, including the Empire State Building, but some properties are still struggling to maintain occupancy. (Franklin Abreu/CoStar)

A key indicator shows that New York is leading the way in the return-to-office movement, with attendance rebounding completely last month. Demand for office space, however, while on the road to recovery, still has a long way to go.

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