The Citibank Corporate Office & Headquarters is viewed in midtown Manhattan. The Citibank Corporate Office & Headquarters is viewed in midtown Manhattan. Citigroup has moved employees from offices in midtown Manhattan and Queens into the Tribeca location in recent years. Office Freedom – Still the smartest way to find your next office, Flexible Workspace – Return to work in a safer office, Beware the hidden costs of leasing your own office, Market Push for Flexible Workspaces Post COVID-19, Key points in the UK Government’s ‘Covid-19 secure’ workplace guidance, British Land demolish listed Broadgate building for new UBS headquarters. “There’s an overwhelming number of employees that need mass transit to access the urban environment,” he said. The employee was diagnosed in Singapore on Friday while on personal travel. Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. “New York is a classic example where mass transit is such a big issue, it’s the most dangerous place an employee’s going to be in their work day in terms of infection,” White says. Citigroup is considering short-term leases for space that is furnished and ready to be occupied in locations including Long Island, Westchester and New Jersey, according to people familiar with the matter. Citigroup Inc is searching for new Manhattan office space, preferably at the World Trade Center site and the Hudson Yards- an up and coming New York neighbourhood, currently being developed.. The bank has spent years investing in a massive renovation of its offices in Tribeca that will allow it to fit more employees in the building, with floor-by-floor renovations combining 388 and 390 Greenwich St. into a single headquarters. The bank's worker was diagnosed while traveling to Singapore and remains there. The employee was diagnosed in Singapore on Friday while on personal travel. Before it's here, it's on the Bloomberg Terminal. A Citigroup employee contracted the coronavirus, the Wall Street firm said Friday. Data is a real-time snapshot *Data is delayed at least 15 minutes. Once complete the development will consist of a new railway system, galleries, cafes, shops, restaurants, office space, and even green meadow areas. Citigroup has moved employees from offices in midtown Manhattan and Queens into the Tribeca location in recent years. Financial firms have reached out to RXR Realty, a major Manhattan landlord that also owns office space in the suburbs, to inquire about its buildings in Long Island and Westchester, according to a person familiar with the matter. It has said it will still house at least 1,000 employees in a neighboring building after exiting the lease. Rubenstein Partners, which owns offices in northern New Jersey and Stamford, Connecticut, has gotten inquiries on “several hundred thousand square feet” of space, mostly from New York-anchored firms, according to Brandon Huffman, a principal at the firm. Covid Superspreader Risk Is Linked to Restaurants, Gyms, Hotels, Deep-Freeze Hurdle Makes Pfizer’s Vaccine One for the Rich, Pfizer Vaccine’s Funding Came From Berlin, Not Washington, California Infections Rise; N.Y. The employee was diagnosed in Singapore on Friday while on personal travel. The company also lease 2.6 million sq ft of office space on 390 Greenwich Street in downtown Manhattan. Citigroup Inc is searching for new Manhattan office space, preferably at the World Trade Center site and the Hudson Yards- an up and coming New York neighbourhood, currently being developed. Whenever I feel down I love to read weblogs like your own, it makes issues a bit more bright and some hope that not all in this world are evil as well as terror, keep up cheering all of us up, I understand for one, which i will follow your posts in every method I can, really nice sit you got going! This week the bank sent some traders and salespeople from its headquarters in downtown Manhattan to a backup facility in Rutherford, New Jersey. People sit in the Town Square meeting area at the Citigroup headquarters in New York in 2019. Get this delivered to your inbox, and more info about our products and services. Many have realized that many workers will still want some access to an office, but the key issue is a safe commute, he said. Andrew Cuomo said Friday. Morgan Stanley said Tuesday that an employee at its suburban New York office tested positive for the coronavirus disease. The employee is based at 388 Greenwich St. in New York on the 24th floor. Companies are also evaluating how many people they can keep permanently at home, says Brett White, CEO at Cushman & Wakefield. Citi is the leading global bank. Learn more today. The employee is not part of the bank's trading operations, according to people familiar with the matter. Citigroup Inc. is considering opening satellite offices outside New York City as the finance industry grapples with when it will be safe to bring workers back to Manhattan. The new interest could provide a boost to suburban properties previously seen as less desirable than glassy towers in Manhattan. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The state of New York now has more cases than any other state in the U.S. as the number of newly confirmed infections surged by 30% overnight to 421, New York Gov. Last year, the Metropolitan Transportation Authority (MTA) requested that the far west side of Manhattan should be regenerated, so Hudson Yards can be integrated into the city. Citi strives to create the best outcomes for our clients and customers with financial solutions that are simple, creative and responsible. An employee from Citigroup's Manhattan office tested positive for the coronavirus, the Wall Street firm said Friday. Big banks and money managers have been moving employees away from New York and the surrounding area to cheaper U.S. cities for years. “Companies will look at satellite offices in places people can get to easily without mass transit, whether they drive or bike.”, Finance industry scouting for space outside New York City, Talks are preliminary as banks ponder pandemic safety, Wall Street Will Look Very Different When Workers Return. With the pandemic fueling anxiety about public transportation and dense urban offices, large banks and financial firms in Manhattan are looking elsewhere for space to let workers spread out and avoid commuting into the city. Morgan Stanley Chief Executive Officer James Gorman recently said he could imagine a future with “much less real estate,” while JPMorgan Chase & Co., which is building a new tower near Grand Central Terminal, expects to keep its office half full, at most, for the “foreseeable future.”. Many of Citigroup’s employees, like others in Manhattan’s finance industry, have been working from home since March, with no set date for a return. Click here to view office space in Manhattan, Citigroup Search for more office space in Dublin. Kevin Winter | Getty Images This is a breaking news story. "We are cooperating fully with all appropriate government and health authorities and we are adhering to their guidelines on actions to be taken. The company said the employee only started to feel ill on Thursday, March 12, and went to a local hospital in Singapore where they were diagnosed. Sign up for free newsletters and get more CNBC delivered to your inbox. “Nobody knows how that’s going to work in a social-distancing world.”. Learn how your comment data is processed. Have a confidential tip for our reporters? All Rights Reserved. A Division of NBCUniversal. The idea is to encourage business development along the Hudson River. Got a confidential news tip? © 2020 CNBC LLC. An employee from Citigroup’s Manhattan office tested positive for the coronavirus, the Wall Street firm said Friday. Most of them are still trying to figure out how much space they need and discussions largely revolve around elevator flow and whether bathrooms will be shared, according to brokers. Cases of the deadly virus have spiked in New York. The discussions are preliminary as the company weighs its options, the people said. The pandemic could speed up the exodus, at least in the short term. The bank is slated to exit one of its offices in Long Island City when its lease ends this year. There are no upcoming events at this time. Restaurant Curfew: Virus Update, Target Is Reopening Its Looted Store With Black Shoppers in Mind.