Money

More employees are returning to the office

Published

4 months ago

January 29, 2024

Ahron Young

The return-to-office movement is gaining momentum as it continues its upward trajectory, with December seeing a significant surge in average visitation rates at 350 Manhattan buildings, reaching 67% of 2019 levels.

This latest figure represents a notable increase from the 65% recorded in November.

If the typically quieter final week of December, sandwiched between Christmas and New Year’s, were excluded from the calculation, the rate would have been even higher, at 74%.

REBNY’s analysis is based on Placer.ai location data, which tracks the mobile data of office tenants and employees, providing valuable insights into office occupancy trends.

Upward trajectory

The return-to-office movement has been on an upward trajectory since REBNY began publishing its findings early last year.

In December, premium Class A+ buildings saw an average visitation rate of 74%, while Class A, A-minus, and B/C properties recorded rates of 64% and 68%, respectively.

Midtown Manhattan experienced the most significant growth, with visitation rates reaching 73%.

Meanwhile, Midtown South remained stable at 68%, and Downtown Manhattan saw a slight dip to 54%.

Encouraging trend

The return-to-office movement in New York City reflects a broader nationwide trend as businesses and employees navigate the evolving landscape of remote work and office presence in the post-pandemic era.

The data from REBNY suggests that New York City is continuing to adapt and recover, with the return to pre-pandemic office occupancy levels firmly in sight.

Money

The integral step to entering the property market

Published

4 hours ago

May 20, 2024

ticker NEWS

In the debate surrounding housing affordability, a divergence emerges between media portrayals and stark realities. While the crisis is often depicted as insurmountable, critics argue that individuals tend to blame external factors rather than taking personal responsibility.

Despite challenges, advocates urge a shift from despair to possibility, emphasizing personal agency and proactive pursuit of homeownership goals. Thus, while acknowledging the hurdles, reframing the discourse empowers individuals to navigate the housing market with resilience and determination, making the dream of owning a home a tangible reality for those willing to seize it. #Trending #Featured

Money

LA real estate agent reveals the secret to success

Published

4 hours ago

May 20, 2024

ticker NEWS

What does it take to be a top performing real estate agent?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark delves into the fast paced world of LA luxury real estate with renowned agent, Glen Coutinho from Rodeo Realty Beverly Hills. #wyld money #trending

Money

Why the meme-stock frenzy is unlikely to repeat

Published

6 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending