OFFICE ATTENDANCE PLATEAUS — POLITICO’s Janaki Chadha: Only 59 percent of Manhattan office workers are expected to be in their workplaces on an average weekday under a “new normal†post-pandemic, according to a survey released Monday by the Partnership for New York City. But the return-to-office picture — which has significant implications for the city’s commercial real estate market — isn’t quite as dire as it seems. The survey of more than 140 major Manhattan office employers found that only about 80 percent of workers were in the office on the average weekday before the pandemic. “The actual drop off in office attendance since 2019 is much smaller than has been previously assumed,†the business consortium wrote in a press release. ADAMS, HOCHUL MOVE AHEAD ON TAX RELIEF — THE CITY’s Greg David: “Last week, Mayor Eric Adams unveiled an ambitious development agenda that would make it easier to build new housing in every neighborhood in New York City — if the City Council approves. Meanwhile, the mayor is not waiting and neither is Gov. Kathy Hochul after the state Legislature this year refused to pass any elements of her proposed housing program, including tax relief and office-to-residential conversion powers Adams sought. “Now both the governor in Brooklyn and the mayor on Staten Island are moving to make an end run around the legislature, by providing big property tax breaks to selected new residential development projects that would have qualified for the 421-a tax abatement that lapsed in June 2022.†ADAMS ALLOWS VOUCHER USE STATEWIDE — POLITICO’s Janaki Chadha: The Adams administration will start allowing homeless New Yorkers to use city rental vouchers on apartments in other parts of the state — a move that immediately drew the ire of county leaders and set up another fight between the city and rest of New York. Adams on Tuesday said the policy will expand access to housing and open up options in places where apartments may be cheaper than in the city, which is struggling with a severe supply crunch. As of this summer, there were 20,000 households with vouchers who have been unable to find permanent housing, according to City Hall. TIP ME: You can always send tips, ideas, releases, promotions, criticisms and corrections to [email protected]. SHARE ME: Like this newsletter? Please tell a friend to sign up. Just give them this link.
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