SL Green Reports Manhattan Office Market Has Yet to Recover
As the U.S. population gets vaccinated and COVID-19 restrictions are lifted, office real estate investment trusts (REITs) are beginning to see the green shoots of a recovery. On the West Coast, some of the major players never skipped a beat, but the New York City office market was hit hard.
Manhattan office REIT SL Green Realty (NYSE: SLG) recently reported first-quarter numbers and gave an update on the office market. The company is optimistic that the market has turned the corner, but questions still remain about demand going forward.
Source Fool.com
