Corporate Condos

Way before the current crisis, many corporations had switched from corporation-owned condos (which had become too cost ineffective to acquire and maintain) to residential hotels to accommodate their employees who are not permanently based in NYC. In other cases, corporations rent a bunch of units in rental buildings to house their employees.

So, while there may be some impact, I am not really sure about corporation-owned condos having THAT much impact on the current ever-growing inventory. Still, it would make sense that some companies who still operate the old-fashioned way may have put their units on the market as a cost-cutting measure, causing an increase in the # of condos for sale.