Show an ad over header. AMP

Why New Yorkers aren't going back to their offices

Americans all over the country are going back to their offices, but New Yorkers aren't.

Why it matters: Office workers are super-drivers of New York City's economy and essential to its post-pandemic recovery. Scores of businesses in the city are suffocating as they delay their return to work or, worse, decide to work from home forever.


"Manhattan has really gone downhill since the pandemic began," says Mitchell Moss, a professor of urban planning at NYU. "There are no tourists, no shoppers and, of course, no workers."

By the numbers: Nationally, around 25% of workers have returned to offices, the Wall Street Journal reports. In Los Angeles, 32% have gone back, and in Dallas, 40%.

  • But only 12% of New Yorkers have returned, according to the latest numbers from commercial real estate firm CBRE, which manages 20 million square feet of office space in the city.

What's happening: "All of the reasons why New York is suffering disproportionately right now are related to its competitive advantages," says Tim Tompkins, president of the Times Square Alliance.

  • The city has a robust public transit system, which is how most people get to work. Driving-first cities have seen higher rates of return than New York, where many workers are still nervous about virus transmission on buses and trains.
  • The restaurants, shops, museums and theaters that give the city its charm are closed or running at limited capacity, and so many have fled to the Hamptons or elsewhere, and commuters who travel in from Long Island, Connecticut or New Jersey are staying away.
  • The city's density is also working against it. In fact, in the city's suburbs, return-to-work rates are around 33%, per CBRE.

On top of that, New Yorkers have been spooked by the early, aggressive coronavirus caseloads in the city.

  • "Now that we’re in that mindset, I think it's very hard to shift gears and come out of it," says Nicole LaRusso of CBRE. "There was such an emphasis on, 'We need to stay home to stay safe.' I think that that message sunk in."
  • Look for New York's return to work to remain slow as cases are rising again.

The bottom line: "It’s unnerving for everyone to have this relative stillness in New York City," Tompkins says. "But people who have been through a few cycles of New York’s capacity for reincarnation are more comfortable."

My thought bubble: I just moved here in February, and I'm still feeling pretty bright-eyed and bushy-tailed about all of it. So can we please stop saying "New York is over"?

Defense makes closing arguments in Chauvin trial

Chauvin's defense attorney Eric Nelson opened his closing argument on Monday by reminding the jury that Derek Chauvin "does not have to prove his innocence."

Why it matters: The jury's verdict in Chauvin's murder trial is seen by advocates as one of the most crucial civil rights cases in decades.

Keep reading... Show less

Merrick Garland: Domestic terrorism is "still with us" and remains critical threat

In his first major speech, Attorney General Merrick Garland warned the nation Monday to remain vigilant against the rising threat of domestic extremism.

Why it matters: Domestic terrorism poses an "elevated threat" to the nation this year, according to U.S. intelligence. Garland has already pledged to crack down on violence linked to white supremacists and right-wing militia groups.

Keep reading... Show less

"Nine minutes and 29 seconds": Prosecutors begin closing arguments in Chauvin trial

Steve Schleicher, an attorney for the prosecution in Derek Chauvin's trial, began closing arguments on Monday by describing in detail George Floyd's last moments — crying out for help and surrounded by strangers, as Chauvin pressed his knee into Floyd for nine minutes and 29 seconds.

Why it matters: The jury's verdict in Chauvin's murder trial, seen by advocates as one of the most crucial civil rights cases in decades, will reverberate across the country and have major implications in the fight for racial justice.

Keep reading... Show less

European soccer goes to war over wealthy clubs' plans for exclusive "Super League"

Europe's biggest soccer clubs have established The Super League, a new midweek tournament that would compete with — and threaten the very existence of — the Champions League.

Why it matters: This new league, set to start in 2023, "would bring about the most significant restructuring of elite European soccer since the 1950s, and could herald the largest transfer of wealth to a small set of teams in modern sports history," writes NYT's Tariq Panja.

Keep reading... Show less

81% of S&P 500 companies have reported a positive earnings surprise for Q1

First-quarter earnings so far have been very strong, outpacing even the rosy expectations from Wall Street and that's a trend that's expected to continue for all of 2021. S&P 500 companies are on pace for one of the best quarters of positive earnings surprises on record, according to FactSet.

Why it matters: The results show that not only has the earnings recession ended for U.S. companies, but firms are performing better than expected and the economy may be justifying all the hype.

Keep reading... Show less

NASA's Mars helicopter takes flight as first aircraft piloted on another planet

NASA successfully piloted the Ingenuity Mars helicopter for its first experimental flight on Monday, briefly hopping the aircraft as NASA's Perseverance rover collected data.

Why it matters: Ingenuity's short flight marks the first time a human-built aircraft has flown on a world other than Earth, opening the door to new means of exploring planets far from our own.

Keep reading... Show less

All U.S. adults now eligible for COVID-19 vaccine, meeting Biden's April 19 deadline

All 50 U.S. states, plus Washington, D.C. and Puerto Rico, have now made U.S. adults over the age of 16 eligible for COVID-19 vaccines, meeting President Biden's April 19 deadline.

Why it matters: The landmark speaks to the increased pace of the national vaccination campaign, but will increase pressure on the federal government, states and pharmaceutical companies to provide adequate vaccine supply and logistics.

Keep reading... Show less

Minneapolis braces for a verdict in the Derek Chauvin trial

Minneapolis is waking up to images of an occupied city on Monday, as the city and the world await a verdict in the Derek Chauvin trial.

What it's like: Residents running errands, picking up dinner and heading to the dog park in recent days encountered heavily-armed National Guard troops stationed throughout the city.

Keep reading... Show less

Insights

mail-copy

Get Goodhumans in your inbox

Most Read

More Stories