A recent survey conducted by the Partnership for New York City has revealed that 56% of Manhattan office workers have returned to their workplaces on an average weekday, representing a 72% pre-pandemic attendance rate. The survey, which was conducted between April 19 and May 6, 2024, also showed that while only a small percentage (11%) of workers are back in the office full-time, a larger share (38%) are present three days per week. The real estate sector leads in attendance with an impressive rate of 83%, followed by law (63%) and financial services (60%).
In terms of employment trends in New York City, it is expected that there will be a significant increase in headcount over the next year for approximately one-third (38%) of employers surveyed. This growth is particularly evident within the tech and law sectors. Additionally, it was found that most employers plan to maintain their current real estate footprint over the next five years with only about one-fifth planning to expand.
The prevalence of hybrid work continues as more than half (60%)of companies have adopted flexible schedules for employees. However,a majority(67%)have maintained their previous office attendance policies.
This article originally appeared on Connect CRE.
