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

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.

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