Marc Holliday: Well, I think there’s a lot of confidence around 3 or 4 days a week. I think the bigger question is, is Friday becoming more and more like a remote workday for not — many, but not all firms. And that doesn’t really impact the space decision. That’s just more of a business philosophy decision. And people aren’t going to, I don’t think, take more or less space based on how they gear their Fridays. I mean, we look at Fridays, it’s like an equally productive day to the rest of the week. I think a lot of firms do. But I think that’s the one area to me, I’m not so sure about. But I think for the balance of the week, we just feel like every week, there’s more and more energy, emphasis, lobby is more crowded, trains are more crowded, streets are more crowded, are retailers, small and big are reporting better results.
So it feels like that as I think the job market normalizes, it was a very, very tight market for the last several years, I think that’s going to start to reverse itself, although inflation is still — wage inflation is still stubbornly higher than where I think where the Fed would like to see it. But I do think that will moderate. I think that will be this year. I think we’ll get incrementally more gains whether we get all the way back to pre pandemic or not. Don’t know, but I also don’t think that’s a determinant of the ultimate space occupied, I think that’s just going to be business by business, how they evaluate competitive factors about how they can optimize their work plans with what type of hybrid work model. But we find more and more — the meetings are live, doing very little zoom these days relative to certainly in the past couple of years.
It’s just — part of it is the numbers, part of it’s anecdotal and part of it is speaking to the leaders. I’d say across the board, every leader says they want to be on a 3- to 4-day in the office work week for the majority of their companies. And I think Friday will sort of just be case by case.
Michael Lewis: Great. And then Matt, on the debt maturities, I noticed that some on the unconsolidated joint ventures were past their due date. I think you did a good job at the Investor Day kind of laying out the that some of this might be outside of Green’s control. But do you have any sense on a potential resolution or how these things ultimately get worked out?
Matthew DiLiberto: Yes. So you’re talking about 1552 Broadway and 34th Street. Yes, you’re right. I mean we don’t unilaterally control those things we get ahead of our maturities, the wholly owned ones and the ones that we control well ahead of maturity. We are in active discussions with the borrowers on likely some form of extension. We did short-term extensions to get pushed. The maturity dates pushed out 30, 60, 90 days just as a path to getting to something longer duration done, and that’s in process.
Andrew Mathias: I think lenders are going to have to work with borrowers at this time. So it’s somewhat in our partners’ hands and it’s somewhat in the lenders’ hands.
Operator: Our next question now comes from the line of Mr. Michael Lewis from Truist.
