According to Kastle, office occupancy stagnated after a concerted push of return-to-office plans by many businesses. Major metro areas like New York City show ~40% occupancy compared to 95% pre-pandemic.
- NYC office real estate value declined due to remote work
- Share of remote job postings increased post pandemic
Links to this note
A recent survey of 3,000 job seekers found the willingness to relocate for a new job fell from 3.5% in 2022 to 1.6% in 2023. Even more astounding is that the number is down from 29% in the 1990’s.
Outline for my annual essay about things I learned and reflections for the year.
There is a range of acceptable employer policies that ranges from unthinkable to popular. During the COVID-19 pandemic, previously radical employment policies such as work-anywhere became sensible and then accelerated in popularity.