Most New Yorkers who worked from home during the pandemic plan to cut their time in the office by nearly half and spend less money in the city annually, illustrating the challenges the city faces as companies adjust to hybrid schedules.
The average New York City office worker intends to reduce time in the office by 49% and slash annual spending in the city by $6,730, down from an estimated $12,561 before the pandemic, according to Nicholas Bloom, an economics professor at Stanford University.