New York workers are dragging their feet in returning to the office, and crime is a reason why.
Office occupancy rates are languishing well below the national average, the New York Post reported this week. That’s a drag on businesses that rely on foot traffic, and subway ridership struggling to recover from the pandemic.
- Ex-investment banker and author Carol Roth recently stated that there’s a ”high degree of uncertainty for those businesses who depend on in-person foot traffic.”
The Big Apple is in the throes of a crime wave that’s diminishing the appetite of workers who, while perhaps fatigued by remote work, are worried about an overall deterioration in public safety, delaying the city’s revival.
Labor Department data shows a slow but steady decline in remote work, suggesting that more workers are opting for in-person work, even if it’s hybrid.