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The Pandemic Erased $28.6 Billion in Value from New York City Office Buildings

The Pandemic Erased $28.6 Billion in Value from New York City Office Buildings

The pandemic took a big bite out of the Big Apple's office market. New York City has the world's largest office market. It had 463 million square feet of office space, which New York's Comptroller valued at $172 billion for the state's 2021 fiscal year.