A survey found that visits to Manhattan offices are gradually recovering from the effects of the pandemic.

In November, the number of people visiting office buildings in Manhattan, also known as "visitations", continued to rise after a challenging year due to the pandemic. This positive trend was revealed in the most recent Placer.ai location data report, which was analyzed by the Real Estate Board of New York. The report surveyed 350 buildings and found that, on average, 67% of the total office-tower use was made up of visitors to retail stores and building employees.

This data is a strong indication that Manhattan's office sector is bouncing back from the impacts of COVID-19. Despite the ongoing challenges and uncertainties, it is reassuring to see that people are returning to office spaces and engaging in commercial activities once again. This not only benefits the real estate industry but also has a positive ripple effect on the local economy.

The report also highlighted the resilience of retail stores and their ability to attract customers. Despite the rise of remote work and online shopping, physical retail spaces are still in demand and continue to play a significant role in the overall use of office buildings. This is a testament to the enduring appeal of in-person shopping experiences and the importance of brick-and-mortar stores in the modern world.

It is important to note that this data represents a significant improvement compared to earlier in the year when the pandemic had a severe impact on office usage. In fact, the average visitations in November were almost double that of April, when the city was under strict lockdown measures. This steady increase in office activity is a positive sign for the future of Manhattan's commercial real estate market.

Overall, the latest Placer.ai location data reflects the resilience and adaptability of the Manhattan office sector in the face of challenging times. As the city continues to navigate the pandemic and its aftermath, it is reassuring to see that people are returning to office spaces and engaging in economic activities. This serves as a hopeful reminder that with determination and perseverance, we can overcome any obstacle and come out stronger on the other side.

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