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.

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Source Fool.com