There’s good news for Manhattan office landlords: Physical building occupancy rose to 46.6% for the seven-day period ending Sept. 14, according to the much-followed Kastle Systems Back-to-Work Baro…
There’s good news for Manhattan office landlords: Physical building occupancy rose to 46.6% for the seven-day period ending Sept. 14, according to the much-followed Kastle Systems Back-to-Work Barometer.
Given the Kastle Barometer’s visibility – Realty Check has often cited its findings like the rest of the real estate media — it’s hardly unfair to note what the survey leaves out. Empire State Realty Trust doesn’t use Kastle at the Empire State Building or at most of its other large towers. The Durst Organization uses Kastle in nine buildings but not in its two largest, One World Trade Center and One Bryant Park.
If Big Apple offices are as lonely as Kastle suggested, why do very smart companies continue to sign leases?
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