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Economy

New Yorkers Plan to Cut Time Spent in the Office by Half, Survey Finds

NYC is second to San Francisco in its reduction of office time, as office occupancy stands at just 36%.

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Americans Return Everywhere But The Office

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.