Office workers in Manhattan continue to return to their workplaces in sufficient numbers for many of their employers to maintain or expand their footprint in the city, according to a survey of more than 140 major Manhattan office employers conducted in January by The Partnership for New York City.
The survey found that 52% of Manhattan office workers are currently at their workplace on an average weekday, up from 49% in September 2022. Hybrid working arrangements are still the norm, as just 9% of employees are in the office five days a week, a percentage that is unchanged from September.
The share of office employees that are fully remote, though, dropped from 16% in September 2022 to 10% as of late January. For employers with a hybrid model, the survey reports that 59% of employees are in the office at least three days a week.
While 29% of employers have reduced their real estate footprint since February 2020, 17% increased their footprint, and 54% had no change. A larger share of employers (26%) expect to increase their real estate footprint over the next five years than expect to reduce it (18%); the majority (56%) expect to maintain their current footprint.
About half (48%) of employers expect to increase their New York City workforce, 45% expect to maintain current headcount, and only 7% expect to reduce headcount.
The majority of respondents are in financial services (37%), real estate (17%), law (11%), tech (6%), media (6%), and consulting (4%). The majority of surveyed employers have offices in Midtown West (54%), Midtown East (23%), or the Financial District (15%).
Related Stories
Office Buildings | Jun 8, 2021
RMJM Milano wins competition to design Sanko Headquarters in Istanbul, Turkey
The project was selected for its sustainable and innovative features.
Office Buildings | Jun 3, 2021
What's next for workplace design?
Balancing personal space and the need for collaboration.
Digital Twin | May 24, 2021
Digital twin’s value propositions for the built environment, explained
Ernst & Young’s white paper makes its cases for the technology’s myriad benefits.
Office Buildings | May 18, 2021
“The Beam” will be Arizona’s first CLT project
RSP Architects designed the building.
Wood | May 14, 2021
What's next for mass timber design?
An architect who has worked on some of the nation's largest and most significant mass timber construction projects shares his thoughts on the latest design trends and innovations in mass timber.
Office Buildings | Apr 28, 2021
The Salvation Army’s National Headquarters renovation completes
HGA designed the project.
Steel Buildings | Apr 17, 2021
Speed Core wall system is used for the second time in office building in San Jose
The construction method is expected to knock off three months from the project’s schedule.
Office Buildings | Apr 15, 2021
JetBrains St. Petersburg campus to include large, vertically stepped indoor atrium
UNStudio is designing the project.
Office Buildings | Apr 12, 2021
A Fort Myers, Fla., developer finds growth in an office sector that, post COVID, might be catching its second wind
Seagate Development Group has several office projects near completion.
Office Buildings | Apr 7, 2021
Thyssenkrupp’s new HQ will include the tallest elevator test tower in the Western Hemisphere
The facility began construction in August of 2019.
