According to a new report, NYC office workers are spending nearly $5,000 less per person in the areas around their office,
"Less spending by workers in the central areas means a lot less sales tax revenue," Jose Maria Barrero, a professor at Mexico’s Instituto Tecnologico Autonomo and a member of the WFH Research group, told Bloomberg. "If you have fewer commuters, that means less revenue."
in January showed that just 52% of Manhattan office workers are at their workplace on an average weekday, up from 49% in September 2022. Only 9% of employees in the city are back in the office five days a week.Working from home is over for a lot of workers as companies order them to end remote work and head back to the office.
Getting workers back to the office full-time has been a significant focus of Mayor Eric Adams' administration.
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