"NYC's Office Return Surges to 70% of Pre-Pandemic Levels"
The return-to-office trend in NYC gained momentum in December, with average visitation rates at 350 Manhattan buildings reaching 67% of 2019 levels, up from 65% in November. The analysis, based on Placer.ai location data, shows a steady rise in office occupancy since early last year, with premium buildings averaging 74% visitation in December. While Midtown rates grew to 73%, Midtown South held steady at 68%, and Downtown dipped to 54%. REBNY's director of market data and policy, Keith DeCoster, finds the increasing activity in Manhattan encouraging, despite remaining well below 2019 levels.