Workers-From-Home at 'Competitive Disadvantage': Empire State CEO

The transcript discusses the importance of returning to work in offices, highlighting the competitive advantage and leadership required. It debates the work-from-home trend, emphasizing the need for in-person interactions. The impact of real estate on restaurant openings is explored, along with the phases of recovery and the new normal. The significance of indoor environmental quality in offices is addressed, and concerns about liability and safety in returning to work are discussed.

What is considered a competitive advantage according to the speaker?

• Using advanced technology

• Working from home

• Taking extended vacations

• Returning to the office

Why is it critical for restaurants to reopen according to the discussion?

• To support the reopening of real estate

• To offer new job opportunities

• To increase tourism

• To provide more dining options

What phase are we currently in according to the speaker's outline?

• Clean up

• Post-therapy vaccine

• Pre-therapy vaccine

• Lockdown

What is a major factor in modernizing office spaces?

• Improving indoor environmental quality

• Increasing office size

• Reducing the number of employees

• Adding more windows

What is a concern for managers about returning to the office?

• Lack of productivity

• Legal implications

• Increased commute times

• Higher operational costs

What has helped other cities learn from New York's experience?

• Higher vaccination rates

• Lessons learned from the pandemic

• Strict lockdown measures

• Increased tourism

What percentage of rent collection was reported in July?

• 95%

• 85%

• 91%

• 75%