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Real Estate Billionaire Stephen Ross Says Recession Would Drive People Back to Office

  • Ross’s Related is the developer behind Hudson Yards in NYC
  • Strategists are forecasting a greater recession probability
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Americans Return Everywhere But The Office

Real estate billionaire Stephen Ross says companies struggling to get workers to return to offices could see a flood of employees heading back if a recession hits the US.

“Employers have been somewhat hesitant because they didn’t want to lose their employees, but I think as you go into a recession and people fear that they might not have a job, that will bring people back to the office,” Ross said in a phone interview. “The employees will recognize as we go into a recession, or as things get a little tighter, that you have to do what it takes to keep your job and to earn a living.”