You don't need to doubt, simply check booking.com: hotels are already more expensive. It's practically impossible to find anything half decent on Manhattan below 350USD/night. Before, AirBnbs (and hotels), there were many sort of half decent options around ~250.
Meanwhile, office rental space are in trouble, such an irony.
Also, while this may not apply to NYC, I will never ever book hotels on a long term basis but apartments because I just don't want to eat out but instead feel at home with kitchen etc. Airbnb or booking.com flats are my go to option wherever I go. Again, not particularly relevant for NYC simply because it was already too expensive to stay there for an extended amount of time.
Meanwhile, office rental space are in trouble, such an irony.
Also, while this may not apply to NYC, I will never ever book hotels on a long term basis but apartments because I just don't want to eat out but instead feel at home with kitchen etc. Airbnb or booking.com flats are my go to option wherever I go. Again, not particularly relevant for NYC simply because it was already too expensive to stay there for an extended amount of time.