Citi Eyes Offices in Suburbs to Ride Out Manhattan’s Recovery

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.

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.

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. The discussions are preliminary as ...