New York City Is Losing Out On $12 Billion Annually Because Of Remote Work
By A Mystery Man Writer
Description
New York City businesses are losing revenue with people working remotely. The workers coming into Manhattan are spending $12.4 billion less per year than they were before the pandemic, according to a Bloomberg report citing data from Stanford University economist Nicholas Bloom’s WFH Research team.
![New York City Is Losing Out On $12 Billion Annually Because Of Remote Work](https://fortune.com/img-assets/wp-content/uploads/2023/12/GettyImages-610941182-1-1-e1701966449802.jpg)
/img-assets/wp-content/uploads/2023/12/
![New York City Is Losing Out On $12 Billion Annually Because Of Remote Work](https://www.americanprogress.org/wp-content/uploads/sites/2/2020/10/GettyImages-1266908669crop.jpg)
How COVID-19 Sent Women's Workforce Progress Backward - Center for American Progress
![New York City Is Losing Out On $12 Billion Annually Because Of Remote Work](https://pbs.twimg.com/amplify_video_thumb/1638160908902866946/img/_ooQapkF114BFTtW.jpg)
JB1 (@wizjb1) / X
![New York City Is Losing Out On $12 Billion Annually Because Of Remote Work](https://pbs.twimg.com/media/Fyy7KhuXoBcXAmW.jpg)
JB1 (@wizjb1) / X
![New York City Is Losing Out On $12 Billion Annually Because Of Remote Work](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iIxtBekRcEmk/v0/pidjEfPlU1QWZop3vfGKsrX.ke8XuWirGYh1PKgEw44kE/-1x-1.png)
Remote Work Costs NYC $12 Billion a Year By Killing Big Offices
![New York City Is Losing Out On $12 Billion Annually Because Of Remote Work](https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2019/06/0/0/empire-state-building-iStock.jpg?ve=1&tl=1)
Remote work costs NYC over $12B annually: report
![New York City Is Losing Out On $12 Billion Annually Because Of Remote Work](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i__FQapTBO0Q/v0/-1x-1.jpg)
Remote Work Costs NYC $12 Billion a Year By Killing Big Offices
![New York City Is Losing Out On $12 Billion Annually Because Of Remote Work](https://observer.com/wp-content/uploads/sites/2/2022/10/GettyImages-1243346989.jpg?quality=80)
Remote Work Could Knock 39%, or $50 Billion, From the Value of New York City Offices
![New York City Is Losing Out On $12 Billion Annually Because Of Remote Work](https://i0.wp.com/www.thecity.nyc/wp-content/uploads/2023/09/121223_30_rock_1.jpg?resize=780%2C520&ssl=1)
The High Price of Empty Office Space: Billions in Tax Breaks, With More to Come
![New York City Is Losing Out On $12 Billion Annually Because Of Remote Work](https://www.professionaldevelopmentbrief.com/thumbs/large/e/d/1/ed134041d9fe81e36b0a2f924c59acc5ae02e94d.jpg)
Top Professional Development Brief Professional Coach Business Coaching Content for February, 2023
from
per adult (price varies by group size)