The Big Apple’s road to recovery will be long — and complicated.
City Hall projected in budget documents released this week that it expects at least 20 percent of the five boroughs’ office space will remain empty through at least 2026.
That’s double the pre-pandemic vacancy rate, which sat at about 10 percent — and the first time the vacancy rate has soared above 15 percent for a sustained period of time since the crippling recession of the early 1990s.
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