NYC Office Buildings are set to see $50 Billion in Value Wiped Out

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“A recent study from the National Bureau of Economic Research shows that property values of office buildings in the city declined nearly 45 percent in 2020 and are forecast to remain about 39 percent below pre-pandemic levels…It suggests that New York City will be responsible for 10 percent of the nearly $456billion in value lost of offices across the United States.”

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