These office markets may see biggest impact from remote-work adoption - Jacksonville Business Journal

  • 📰 JaxBizJournal
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

These office markets may see biggest impact from remote-work adoption

It found, between 2019 and 2021, the number of people primarily working from home tripled from 5.7%, or about 9 million people, to 17.9%, or 27.6 million people. That's correlated with a drop in commute time, as also found in the ACS results. The average one-way travel time to work dropped to 25.6 minutes in 2021, among the shortest times in the past decade and two minutes shorter than the average of 27.6 minutes in 2019.

More data from 2022 and ensuing years will be necessary to determine how far of a reach working from home will have in markets nationally. But it's increasingly clear one of the biggest permanent changes from the pandemic is adoption of remote work. Redmond, Washington, saw the highest share of reported remote workers in 2021, at 55.2%, among U.S. cities with relevant ACS data. Only 3.7% of ACS respondents in Redmond indicated they were remote workers in the 2019 survey.

The push toward more people working remotely has significant implications for the office markets of MSAs seeing the biggest gains in remote workers, especially city centers. Given D.C.'s economy is largely concentrated in government and business-oriented fields — historically heavy users of office space — the higher share of remote workers, if the trend sticks, will have outsized ripple effects on vacancy and demand. The same is true of other metros seeing big spikes in remote workers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 599. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

These office markets may see biggest impact from remote-work adoption - Phoenix Business JournalBetween 2019 and 2021, the number of people primarily working from home tripled from 5.7%, or about 9 million people, to 17.9%, or 27.6 million people, according to recent U.S. Census Bureau data.
Source: phxbizjournal - 🏆 254. / 63 Read more »

These office markets may see biggest impact from remote-work adoption - Phoenix Business JournalBetween 2019 and 2021, the number of people primarily working from home tripled from 5.7%, or about 9 million people, to 17.9%, or 27.6 million people, according to recent U.S. Census Bureau data.
Source: phxbizjournal - 🏆 254. / 63 Read more »

Jacksonville construction company Sauer gets Defense contract bumped by $25 million - Jacksonville Business JournalThe task order was just issued earlier this month and has already jumped in value.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Reports: Jacksonville isn't one of the best places for Gen Z - Jacksonville Business JournalGeneration Zers are faring worse in Jacksonville than many other places.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Uncertainty remains on Ian's track - Jacksonville Business JournalA state of emergency has been declared for all of Florida.
Source: JaxBizJournal - 🏆 599. / 51 Read more »