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Only 10% of Manhattan’s Office Workers Return to Workplace

by Michael Curzon
12 March 2021 12:14 AM

Reports earlier this week that “hybrid working” could become “the norm” following lockdowns have been confirmed in Manhattan, where only 10% of office workers have returned to the workplace. The Financial Times has the story.

Just 10% of Manhattan’s one million office workers had returned to the workplace by early March, according to a study indicating that most of them will still be working remotely by September.

The survey of large employers by the Partnership for New York City, a business advocacy group, suggests that Manhattan offices are still as empty as they were last October.

Expectations for returning to the office have slipped since then, however: while employers polled last October expected to bring back 48% of their office staff by July, they now anticipate having just 45% back at their desks by September.

Over the longer term, employers expect 56% of their office staff to continue working remotely at least part of the time.

On Wednesday, workspace provider IWG (formerly Regus) said “[hybrid working] works for companies, because it’s a lot cheaper”. But is the amount of money saved from making staff work at home greater than the reported cost of reduced productivity that this causes?

Worth reading in full.

Tags: New YorkWork

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