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Manhattan Bosses Pull Back Expectations for Return-to-Office

Oct. 28, 2020, 8:26 PM

New York’s technology and finance bosses are tempering their expectations for bringing people back to work.

Only 15% of office workers are projected to return by the end of this year, according to the Partnership for New York City, which surveyed major employers in Manhattan over the past two weeks. That’s down from an August estimate of 26%.

Companies are trying to get their workforce back to the office, but employees aren’t embracing the idea of returning just yet.
Source: Bloomberg)

Tech employers see 49% of workers coming back by July 2021, compared with 74% in the August survey, while finance and insurance companies see 52%, down from 55%.

New York’s biggest landlords and finance executives have been vocal about bringing office ...