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The Mark Simone Show

Mark Interviews NY Post Journalist Steve Cuozzo

The Mark Simone Show

iHeartRadio and Mark Simone

News

4.3696 Ratings

🗓️ 3 April 2023

⏱️ 13 minutes

🧾️ Download transcript

Summary

Steve and Mark talked about how office workers still operating on a hybrid schedule are affecting bars and restaurants in the city. Monday and Friday's traffic is also much lighter than usual because people are choosing to work from home on those days.

Transcript

Click on a timestamp to play from that location

0:00.0

New York Advantage on 710 WOR. Well, Steve Kuzzo, great columnist for the New York Post. Nobody better on restaurants, real estate covering New York. And he read all his columns at the New York Post website. Steve Kuzzo, how you doing? Good morning, Locke. How are you? Very good. Hey, let's just go over a few things as far as new. You know, everybody says every company, we're back in the office. We're back in the office. I've noticed it's like two, three days a week. Is anybody back five days a week in any office? It's a very good question. Nobody really knows. I mean, no, not everybody's back in the office five days a week, obviously. But I think

0:39.1

you can make a case that a lot of people are back in the office four days a week, because

0:43.9

I see judging, you know, it's anecdotal, but what I see in the building where I work, 12, 116th

0:49.5

Avenue, what I see on the trains, what I see in the streets. Mondays are coming back.

0:56.7

Not where they were, but they're coming back.

0:59.5

Friday's dead, and it's a real problem for everybody, not just the landlords who are worried

1:04.1

about the long-term value of their office holdings.

1:09.5

But for, you know, the restaurants and all that kind of, everybody that in midtown, downtown,

1:15.8

businesses, small businesses that depend on people coming in.

1:19.8

So I got a lot of restaurants on Friday that are empty.

1:23.8

I mean, I was at Tertaria del Arte, one of my favorite places last Friday afternoon, and it was almost nobody there.

1:31.7

That restaurant is always packed at night. In fact, it slammed very often, but there was nobody there.

1:38.3

And I asked the managers, you know, what's the deal? And, you know, the answer was predictable. They just aren't enough.

1:44.5

It's not a 57th Street and 7th Avenue is not a prime office area. So there aren't that many

1:50.3

businesses there. But it was really kind of sad to see. So we'll have to see what happens.

1:56.0

Yeah. So what about real estate? I keep hearing real estate sales are up, rentals are up. What's,

2:00.7

what's the story with

2:01.5

it? You're talking about residences, right? Residential. Residential states. Yeah, in Manhattan.

2:09.0

Not so much in the out of boroughs. There's been some out migration from Brooklyn, the Bronx,

2:14.7

etc. Everything I read tells me that. But Manhattan, it's a boom town all over again.

2:20.9

And what does it mean?

2:23.8

Well, nobody knows.

...

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