22 March 2021

The Downtown Office and the Buggy Whip

The past year has proven that neither are needed in the 21st Century. Roughly 4 in 5 Manhattan Office Workers Will Not Return Full-Time, Survey Says

Just 22 percent of the island's large employers will require all workers to return to the office full-time when they do eventually go back, according to a Partnership for New York City survey.

Some 66 percent said they would adopt a hybrid model of days in the office and days at home, another 9 percent said they would not require workers to return to the office at all, and 4 percent said it would ultimately be role-dependent.

Office space in downtown areas like Manhattan, or Chicago's Loop, has traditionally been expensive. I think that might be about to change.

Without workers, transit requirements plummet, though maybe not to zero. Workers who are not in the city will not go out to lunch, or stop for a drink before heading home, or meet friends for dinner. (Hat tip Wendy McElroy.)

No comments:

Post a Comment

Comment Moderation is in place. Your comment will be visible as soon as I can get to it. Unless it is SPAM, and then it will never see the light of day.

Be Nice. Personal Attacks WILL be deleted. And I reserve the right to delete stuff that annoys me.