What a $1 deal says about America's office market - BBC News

The US is facing an office property "apocalypse", which is creating worries around the world.

1 day agoShareclose panelShare pageCopy linkAbout sharingImage caption, New York deli owner Jimmy Yavrodi says without office workers his business can't surviveBy Natalie ShermanBusiness reporter, New YorkNew York City deli owner Jimmy Yavrodi looks grimly out of the shop that he opened 27 years ago in one of the city's prime business districts.

"Everything is empty," he says. "I don't understand it."

From his perch on Park Avenue South, the 61-year-old sent two children to university and employed 12 people, slinging sandwiches and salads for the office workers that streamed in from nearby buildings.

These days it offers a window from which to watch what some are calling America's office "apocalypse".

The famous triangular Flatiron building nearby has been vacant since 2019. Last autumn, the owners said it would be turned into condos.

https://www.bbc.co.uk/news/business-68472143

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