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 | Jul 25, 2018
New study on occupant comfort advances Saint Gobain’s design approach for renovation and new construction
The building products giant gauges its employees’ perceptions of old and new headquarters environments.
Office Buildings | Jul 18, 2018
A day in the life of an ‘agile worker’
When our Gensler La Crosse office relocated last year, we leveraged the opportunity to support an agile workplace strategy (aka, no assigned seating). Here’s what I’ve experienced firsthand.
Office Buildings | Jul 17, 2018
Transwestern report: Office buildings near transit earn 65% higher lease rates
Analysis of 15 major metros shows the average rent in central business districts was $43.48/sf for transit-accessible buildings versus $26.01/sf for car-dependent buildings.
Office Buildings | Jun 18, 2018
Cube-shaped AmorePacific headquarters building completes construction in Seoul
The David Chipperfield Architects-designed project began in 2010.
Office Buildings | Jun 15, 2018
Portland’s newest office buildings put nature on center stage
Hacker Architects designed the space for Portland’s Frontside District.
Sustainability | Jun 13, 2018
Largest Passive House office building in the U.S. will be built in Chicago’s West Loop
Solomon Cordwell Buenz is designing the building.
Office Buildings | Jun 11, 2018
Online travel company moves to the 66th floor of the Empire State Building
The new headquarters includes almost 20,000 sf of additional space.
Office Buildings | Jun 6, 2018
Final Cut: Jupiter Entertainment’s new production studio in New York combines office and editing spaces
The project team completed this full-floor renovation in four months.
Office Buildings | May 31, 2018
EarthCam Headquarters features a 25-foot-tall video portal entrance
Watch a time-lapse of the HQ being built from groundbreaking to grand opening.
| May 30, 2018
Accelerate Live! talk: T3 mass timber office buildings
In this 15-minute talk at BD+C’s Accelerate Live! conference (May 10, 2018, Chicago), architect and mass timber design expert Steve Cavanaugh tells the story behind the nation’s newest—and largest—mass timber building: T3 in Minneapolis.