Reference no: EM133376899
Question: I currently work as an admin assistant for a luxury apartment building complex. Before the pandemic began, the company was operating within their own individual PPC. Our building was fully staffed and vacancies for units were within parameters. The company likes to see the building at a 90% occupancy rate. When the pandemic took hold, our occupancy rate stayed the same, we were fortunate that many of our tenants had work from home jobs are their jobs were commuted to work from home. Tenants were able to still pay their rents and our building stayed within 90% occupancy rate during the pandemic.
During the pandemic we did not offer virtual tours of the building, Due to The safety of our employees we did not offer in person tours. If you wanted to view an apartment you could call ahead and schedule an appointment for a self guided tour. How this would work is, the potential client would pick a time they would like to view the unit, our leasing personnel would then unlock the door in advance and the client was able to view the unit alone. If they wanted to sign up we would accept all documentation via the internet . This caused some potential renters to shy away from the property as we only were able to send pictures of the units if they did not want to do the self guided tour.
c) Since we have looked at the Employment Report for November, indicate whether the number of employees at the establishment you are responding about in this post changed since 2020 and whether there is discussion about more being hired or some being laid off. The number of employees of employees at the establishment has changed, The company laid off our shuttle bus driver during the pandemic because it couldn't be utilized as public transportation was dangerous for tenants and staff.
During the pandemic the business did not do anything different we sustained revenue. There was no increase demand or lost, my company was very fortunate. I work in Stamford which is very close to NYC we had some people that lived in NY that moved into the building during the pandemic due to the increased cases of Covid. In addition many New Yorkers moved to Stamford for the cost of living savings. It is less expensive to rent in Stamford than NY and many of our clientele was able to work from home. So the decrease that we normally would've seen during the pandemic did not happen because there was a market for apartments in my specific location.
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