Manhattan office tower values plummet below COVID-era slump amid fears AI will wreak a white-collar bloodbath

Coronavirus

Manhattan’s office towers are now valued at prices less than they were at the peak of the COVID-19 pandemic, as a new threat emerges: Artificial Intelligence. A new report from brokerage firm Evercore ISI found that publicly traded landlords with large Manhattan office portfolios are worth less than in June 2020, when the city was grappling with lockdowns and deserted business districts. The shift reflects growing concerns that AI could reshape white-collar employment and ultimately reduce

Tag-uri: Coronavirus