The city of New York continues to face devastating financial peril from remote work, as office buildings could potentially lose $50billion due to people doing their jobs from home. A recent study from the National Bureau of Economic Research shows that property values of office buildings in the city declined nearly 45 percent in 2020 and are forecast to remain about 39 percent below pre-pandemic levels. While many are returning to the office, a company that measures ID card wipes says that only about 46 percent of workers in the region have gone back in full time as of mid-September.
Load More
Load More