The rise of remote work will hurt older buildings, leaving landlords in the lurch

In the heart of midtown Manhattan lies a multibillion-dollar problem for building owners, the city and thousands of workers.

Blocks of decades-old office towers sit partially empty, in an awkward position: too outdated to attract tenants seeking the latest amenities, too new to be demolished or converted for another purpose.

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About HGI

Harbor Group International (HGI) is a leading global real estate investment and management firm. With $19 billion in real estate investment properties, the firm invests in and manages diversified property portfolios including office, retail, and multifamily properties. With over 38 years of experience in the industry and approximately 1,400 employees worldwide, HGI continues to look for real estate investment opportunities.

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Harbor Group International controls $19 billion in real estate investments and is constantly exploring real estate investment opportunities in the worldwide market.