Vornado Realty Trust (NYSE:VNO)

In the 2007 film Live Free or Die Hard, the fourth installment of the Die-Hard franchise. The writers concocted a redefined term," Fire Sale" which means," everything must go" where the terrorists perform a full-scale cyber warfare attack to be carried out in a three-prong methodical attack on the county's computer framework.

* First - wreaking havoc in the transportation's infrastructure
* Second - enabling chaos in the financial organizations
* Third - sabotage the utilities architecture

Now to get back to the pitch, the World Health Organization (W.H.O.) announced the end of COVID-19 as a worldwide public health emergency on May 5,2023. The United States President ended the country's COVID-19 as public health emergency declaration on May 11,2023. Canada ended its Country's COVID-19 as public health emergency on the same date as the World Health Organization (W.H.O.) announced theirs on May 5,2023.

Now to get to the topic, majority of corporate, government, institution and etc. whether private or public has issued back to work in office order and has begun ceasing remote work option, while some have headed back to the office many has challenged the order, and some has resorted to litigation resulting in underutilized office and commercial (food services) spaces.

I guess in the end it'll bite the employees when it's time to meet the employers in negotiating wage increase, benefits, duties, and etc. also especially advancements in promotions. In the long run as soon as more office workers are trained to do specialized work that remain in the office those who wish to work remotely will have no choice but to return to office as remote work is phased out.

Another factor that will end remote work indefinitely is when government agencies like C.I.A., F.B.I., N.S.A, and etc. in the United States or C.S.I.S. and etc. in Canada suggests in a matter of securing personnel and enhancing information technology security it's mandatory to operate in a centralized system (office buildings) which is much easier to secure than remote system (spread out and scattered about operations) where securing personnel and information technology security is very questionable.

other REIT - Office picks

* Boston Properties, Inc. (NYSE:BXP)
* City Office REIT (NYSE:CIO)
* Corporate Office Properties Trust (NYSE:OFC)
* Cousins Pptys Inc (NYSE:CUZ)
* Equity Commonwealth (NYSE:EQC)
* Franklin Street Properties Corp. (NYSEMKT:FSP)
* Highwoods Properties, Inc. (NYSE:HIW)
* Kilroy Realty Corp (NYSE:KRC)
* Paramount Group (NYSE:PGRE)
* Piedmont Office Realty Trust (NYSE:PDM)
* SL Green Realty Corp. (NYSE:SLG)

REIT - Office wish picks not ratable on Motley Fool at time of writing

* Creative Media & Community Trust Corporation (NASDAQ:CMCT)
* Office Properties Income Trust (NASDAQ:OPI)
* Orion Office REIT Inc. (NYSE:ONL)

New York will recover. VNO real estate is some of the most valuable in the world.