San Francisco’s empty office spaces and fleeing businesses are impacting the city’s economic health. Office workers going remote have reduced the city’s tax revenue by almost half a billion dollars. NTD speaks to a risk consultant to find out some potential challenges the city is facing, and what the causes are. …
Hybrid Work Trend May Crash Commercial Real Estate Values By 2030, Says McKinsey
July 15, 2023
admin
Business & Marketscommercial real estateCompanieseconomic policieseconomyGlobal Real Estatehybrid workInvestmentMarketspandemicreal estateremote work
0 Comment
A trend towards hybrid and remote work since the pandemic may cut $800 billion from office property values by the end of the decade, according to a recent study by consulting firm McKinsey. McKinsey said that employees continued to spend far less time working at the office compared to the pre-pandemic era, The survey, published on July…
Worst Case Scenario: Hybrid Work Trends May Result in Office Space Demand Falling 38 Percent by 2030, Says McKinsey
July 15, 2023
admin
Business & Marketscommercial real estateCompanieseconomic policieseconomyGlobal Real Estatehybrid workInvestmentMarketspandemicreal estateremote work
0 Comment
A trend towards hybrid and remote work since the pandemic may cut $800 billion from office property values by the end of the decade, according to a recent study by consulting firm McKinsey. McKinsey said that employees continued to spend far less time working at the office compared to the pre-pandemic era, The survey, published on July…
Perks for Federal Staff Included $400–$500 Home Office Expense Tax Credit: CRA
Approximately 250,000 federal government employees working from home were eligible for tax credits ranging from $400 to $500 each, according to the Canada Revenue Agency (CRA). “In response to the Covid-19 pandemic the government introduced the temporary flat rate method to simplify the calculation of home office expenses when claiming the employment expenses deduction,” the…
‘Measure Outcomes, Not Hours Worked’ to Increase Employee Productivity: Analyst
A recent survey found that 1 in 7 Americans admit they only work for about 3 to 4 hours on average each day when working remotely. Nearly 3 out of 4 remote workers are scrolling through social media during their workday, while more than a third are shopping. NTD speaks to Ira Wolfe, recognized as…
Feds Don’t Know How Many Public Servants Are Working Remotely: Budget Officer
The federal government does not know how many employees are working remotely from home, according to Parliamentary Budget Officer Yves Giroux. On May 2, Giroux testified before the Senate national finance committee, soon after the government and roughly 120,000 workers represented by the Public Service Alliance of Canada (PSAC) reached a tentative agreement to end…
Era of Remote Work Ends for Millions of Americans
Millions of Americans stopped working from home in 2022, according to a Labor Department report released on March 22. The agency said that 72.5 percent of establishments, defined as each business location, reported little to no telework among employees between August and September 2022, a 12.4 percent increase from 2021. Before the pandemic upended the workplace,…
Some Federal Public Servants Get Remote-Work Extension as Others Face Deadline
Some federal government workers will be able to continue remote work for another year, as most face a March 31 deadline to return to the office at least two days a week. A spokesperson for Treasury Board President Mona Fortier says the government will take another year to “assess the benefits” of remote work for…
Office Landlord Defaults on the Rise as Employees Continue to Work From Home
March 2, 2023
admin
Business & Marketscommercial real estateCompaniesdefaulteconomyInvestmentMarketsoffice landlordreal estateremote workSocial IssuesUSUS Real Estate
0 Comment
Office landlord defaults are on the rise throughout the United States as employees continue to work from home. The list of major commercial real estate landlords defaulting on their loans is beginning to climb, as more developers begin to realize that American workers are increasingly preferring to work remotely or via a hybrid model, which may leave…
Americans Work Remotely as Employees in Europe and Asia Return to the Office
March 1, 2023
admin
Asia & PacificBusiness & MarketsCompanieseconomyEuropeGlobal Real EstateMiddle EastNY Real Estateoffice spacereal estateremote workUSUS NewsUS Real EstateWorld
0 Comment
A great divergence has become noticeable in return-to-office habits, as half of American workers still work remotely compared to their counterparts in Asia and Europe who have largely returned to the office. Offices in the United States are still at about half capacity three years after the onset of the pandemic, with occupancy rates at 40–60…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`