In the summer of 2022, the 1.7 million square-foot office tower at 787 Seventh Avenue was less than 20% occupied by employees of such tenants as BNP Paribas, Sidley Austin and Willkie Farr.
Aldo Sohm Wine Bar, a sister restaurant to three-Michelin-star Le Bernardin, struggled to draw a lunch crowd. But now, 787 Seventh is mostly full except on Fridays, according to CBRE power-broker Howard Fiddle, the buildings leasing agent.
They brought their people back midweek, Fiddle said. And Monday is picking up too.
Le Bernardin chef-owner Eric Ripert, whose restaurant is on the ground floor of 787, confirmed the welcome trend, which he termed great news for the wine bar in the building arcade.
The 787 Seventh office influx illustrates broad findings of the Real Estate Board of New Yorks new Manhattan Office Building Visitation Report, to be released Monday.
The data present a more optimistic and nuanced picture than what Durst Organization principal David Neil called certain gloomy headlines about the slow-but-steady office-return trend as more companies, especially in finance and law, bring their staff in at least three days a week — and others plan to make it four.
The REBNY study corrects the common misconception that current occupancy rates cited in surveys (including REBNY’s own and the oft-cited Kastle Systems Back to Work Barometer) are based on what many people believe were full offices before COVID hit.
However, REBNY points out, It would be inaccurate to define full recovery of the office market as returning to 100% occupancy — which it calls a goal line that never existed. In fact, pre-pandemic offices were only occupied by employees at 80% of their total capacity for around four days a week.
Attendance plummeted to under 10% of pre-COVID levels during the pandemic and has since rebounded — although not to 2019 levels. But how strong the recovery has been is open to interpretation.
REBNY used proprietary data from Placer.ai to measure a sample of 50 key Manhattan office buildings (Placer.ais algorithm identifies employees mobile-device visits). It found that employee office visits Tuesday through Thursday in the first five months of 2023 averaged 68% of 2019 levels — much higher than Kastles roughly 50% Manhattan estimate.
The numbers dropped on Mondays to 56% of what they were in 2019 and 37% on Fridays, according to REBNY.
A different REBNY metric called same-day comparison, which compares certain specific days such as the first Friday of April 2023 to the first Friday of April 2019, cited an even higher percentage of pre-pandemic attendance — 73%.
REBNYs director of market data Keith DeCoster, who wrote the report, said it makes even clearer that employee visitation rates continue to rebound strongly during mid-week days, while total office building visitation rates are also growing throughout the week, even amid hybrid work policies.
The total visitation data include visits to office building components such as stores, restaurants, galleries and medical facilities. The survey included them because office buildings have a bigger impact on the economy than offices alone, DeCoster said.
Fiddle strongly endorsed the REBNY findings.
I believe the return-to-office numbers are empirically up,” he said. “Nobody says theyre seeing fewer people in the office.
He noted that Midtowns Class-A properties are in a stronger position than in Midtown South or Downtown because financial and law firms want their people back.”
“Walk up or down Park Avenue and everythings full, Fiddle said.
Not so in other parts of Manhattan with tech and creative industries, which can more easily adapt to remote work.
Chisholm hit a second-inning, go-ahead homer and a bases-loaded triple while making three sparkling defensive plays at third base Sunday in a 12-5 romp over the Athletics.
“That’s why we got him. That’s what the Yankees do. They go after guys that are going to make an impact,” said New York captain Aaron Judge, who homered twice to reach 30 for the sixth time.
Chisholm is batting .318 with six homers, 18 RBIs and four stolen bases since returning from a strained right oblique on June 3, raising his season totals to .242 with 13 homers, 35 and 10 steals in 53 games.
“I feel like me. I feel I’m back in my era, that I was younger just going out there and just hitting, just not worrying about stuff,” the 27-year-old said. “Just not worrying by my swing, not worrying about striding too far. Everything just feels good and I’m just going.”
After a four-RBI night against Boston in his fourth game back, Chisholm made the unusual assertion he was thriving by giving 70% effort and not stressing.
With New York seeking to reopen a 1½-game AL East lead, he drove a first-pitch sinker from former Yankee Luis Severino into the right-field seats for a 1-0, second-inning lead. Ever exuberant, he raised his right hand and made a peace sign toward the Yankees bullpen after rounding first.
Chisholm snagged Jacob Wilson‘s two-hopper with two on and one out in the third, bounded off third base for the forceout and balletically arced a throw to first for an inning-ending double play.
With the bases loaded in the bottom half, Chisholm hit a changeup to the right-center gap that rolled past center fielder Denzel Clarke. He pulled into third base standing up and raised three fingers.
“It’s like a blackout situation,” Chisholm said. “I didn’t even realize I put up three at third base.”
With the bases loaded in the sixth, he made a diving stop near the dirt behind third on Luis Urías‘ 102.1 mph smash, popped up and followed with a one-hop throw to first baseman Paul Goldschmidt. Then he caught Tyler Soderstrom‘s foul pop in the eighth inning while falling against netting in the narrow space next to the rolled-up tarp.
“Jazz’s defense I think was better than even his day at the plate,” said pitcher Marcus Stroman, who won in his return from a 2½-month injury layoff. “He was incredible over there: a bunch of huge plays that helped me out in big spots, plays that are not normal plays.”
New York acquired Chisholm from Miami last July 27 for three minor leaguers. Since then, he has hit .257 with 24 homers, 58 RBIs and 28 stolen bases in 99 games.
“His game’s so electric, and he can change the game and kind of affect the game in so many different ways in a dynamic fashion,” Yankees manager Aaron Boone said. “So, when he is playing at a high level, I think it does energize everyone.”
Chisholm briefly caused worry in the sixth. He grimaced in pain after stopping his swing at a 1-2 fastball from Elvis Alvarado, which sailed high and outside. Chisholm went to the dugout and immediately up the tunnel to the clubhouse.
Then he reappeared at third base for the start of the seventh.
“The bat kind of slipped out of my hand and hit me on the finger,” he said. “It just hit the bone and when you get hit on the bone, it’s kind of funny, it’s just feels weird. So, it was kind of scary at first, but we’re good.”
Judge, meanwhile, didn’t allow Athletics reliever Tyler Ferguson to make good on last year’s wish of striking out the Yankees slugger.
Ferguson, who set his goal last year after making his debut with the Athletics following nine seasons in the minor leagues, was one strike away in his first matchup with Judge on Sunday. Instead, he gave up a two-run shot off a 95.5 mph four-seam fastball in the seventh to become the 261st pitcher to give up a homer to the slugger.
Judge said he had been unaware of Ferguson’s comment.
Ferguson turned around and watched the 426-foot drive as YES Network play-by-play announcer Ryan Ruocco proclaimed: “The King of Fresno.”
“That’s why you don’t talk in public,” YES Network analyst and former reliever Jeff Nelson said on the telecast. “You don’t make a comment that I want to strike out Judge in public. You keep it to yourself.”
Ferguson graduated from Clovis West High School in Fresno when Judge batted .308 as a sophomore at Fresno State in 2012.
“First time facing him, best hitter in the league,” Ferguson said. “So I was looking forward to that at-bat. I was able to get ahead and then wasn’t able to execute a couple of pitches and he was able to get it back to 3-2 and I didn’t get the ball quite as high as I would have liked and he made a good swing on it.”
Judge reached 30 homers for the fifth straight season and fourth time before All-Star break. He also became the sixth player in team history with six 30-homer seasons, and he joined Mickey Mantle and Joe DiMaggio as just the third to do so in the first 10 years of his career.
ANAHEIM, Calif. — Nationals slugger James Wood became the first major leaguer since Barry Bonds to be intentionally walked four times in a game in Washington’s 7-4, 11-inning win over the Los Angeles Angels on Sunday.
Bonds was intentionally walked four times in four different games in 2004. The only other players since at least 1955 to be intentionally walked four times in a game are Wood, Roger Maris, Garry Templeton, Manny Ramirez and Andre Dawson — who drew five intentional passes for the Chicago Cubs against Cincinnati on May 22, 1990.
players intentionally walked FOUR times in a game: andre dawson, barry bonds, roger maris, manny ramirez, gary templeton
After he had a single in the first inning, Wood’s intentional walks came with runners on second and third base in the fifth, a man on second in the seventh, a runner on third base in the ninth and a man on third in the 11th.
Changes to welfare reforms, forced on the government by rebel Labour MPs, are being revealed today ahead of a crucial vote.
The original bill restricted eligibility for the personal independence payment (pip) and cut the health-related element of universal credit (UC).
The government, which insisted welfare costs were becoming unsustainable, was forced into a U-turn after 126 Labour backbenchers signed an amendment that would have halted the bill at its first Commons hurdle.
While the amendment is expected to be withdrawn, after changes that appeased some Labour MPs, others are still unhappy and considering backing a similar amendment to be tabled today.
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2:59
Starmer defends welfare U-turn
Here are the main changes to the UC and pip bill:
• current pip claimants will keep their benefits; stricter eligibility requirements will only apply to new claims from November 2026 • a review of the pip assessment, which will have input from disabled people • existing recipients of the health-related element of UC will have their incomes protected in real terms
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Work and Pensions Secretary Liz Kendall said in a statement that the legislation now aims to deliver a “fairer, more compassionate system” ahead of the second reading and vote on Tuesday.
“We must build a welfare system that provides security for those who cannot work and the right support for those who can. Too often, disabled people feel trapped, worried that if they try to work, they could lose the support they depend on.
“That is why we are taking action to remove those barriers, support disabled people to live with dignity and independence, and open routes into employment for those who want to pursue it.
“This is about delivering a fairer, more compassionate system as part of our Plan for Change which supports people to thrive, whatever their circumstances.”
Image: Work and Pensions Secretary Liz Kendall insists welfare reforms will create ‘a fairer, more compassionate system’. Pic: PA
The Resolution Foundation believes the concessions could cost as much as £3bn, while the Institute for Fiscal Studies warned that the changes make tax rises more likely.
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On Sunday Morning with Trevor Phillips, Mr Streeting said: “There were things that we didn’t get right, we’ve put right, and there’ll be a debate about future amendments and things, I’m sure, as it goes through in the usual way.”
Image: Talking to Sky News about the welfare reforms, Health Secretary Wes Streeting said there were things Labour ‘didn’t get right’
On the same programme, shadow work and pensions secretary Helen Whately repeatedly refused to say whether the Conservatives would back the bill, but would review the proposals after the minister’s statement later.
“We have said that if there are more savings that actually bring the welfare bill down, if they’ll get more people into work, and if they commit to using the savings to avoid tax cuts in the autumn, which looks highly unlikely at the moment, then they have our support.”
The Liberal Democrats plan to vote against the bill and have called for the government to speed up access-to-work decisions to help people enter the workforce.