New York City Is Losing Out On $12 Billion Annually Because Of Remote Work
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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.
![](https://www.bloomberg.com/graphics/2022-remote-work-is-killing-manhattan-commercial-real-estate-market/img/655-767-655-base-Artboard_9.jpg)
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Forbes on LinkedIn: New York City Is Losing Out On $12 Billion Annually Because Of Remote Work
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Erin Barr (@erinabarr) / X
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the bee (@Ktanuijohn) / X
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Remote Work Costs NYC $12 Billion a Year By Killing Big Offices
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Media WFH Research
Forbes en LinkedIn: New York City Is Losing Out On $12 Billion Annually Because Of Remote Work
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Remote work costs NYC over $12B annually: report
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