Bay Area’s heavily courted remote workers signal the workplace is forever changed - San Francisco Business Times

  • 📰 SFBusinessTimes
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 68%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The growth of remote work, and programs to attract these highly coveted workers, signals that talk of a widespread return to office might be a pipe dream.

The Bay Area’s remote workers are getting plenty of offers to move to a new city across the country — or around the world — even as downtown boosters hope working remotely is just a fad.

That raises concern about the fate of downtown San Francisco and its pricey, if vacant, real estate. Fewer than half of the workers based in San Francisco prior to the pandemic now work in the office on a typical day, among the lowest return rates in the country. That spurredand other incentives to attract and retain businesses downtown.

“The Spanish capital’s multicultural, creative, lively and sustainable environment goes hand-in-hand with its capacity to welcome travelers — making it the ideal destination for digital nomads thinking about their next adventure,” the City of Madrid Tourism Board said in its pitch to remote workers. Others are also seeing opportunities to lure remote workers, if on a more temporary basis. Hyatt Hotels is promoting an offer to members of its frequent guest program — “The Great Relocate Package.”

 

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:

 /  🏆 78. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

San Francisco office buildings hit market again - San Francisco Business TimesIf at first you don't succeed: Several San Francisco buildings are officially for sale again after weak offers forced their owners to pull the listings.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »

Halle Berry takes role at San Francisco biotech Pendulum Therapeutics - San Francisco Business TimesThe SFBT Hollywood report: An Academy Award-winning actress is joining a San Francisco biotech to serve as a 'brand evangelist.'
Source: SFBusinessTimes - 🏆 78. / 68 Read more »

GitHub makes layoffs as it plans to drop its S.F. office space - San Francisco Business TimesThis San Francisco tech company is making layoffs and plans to ditch its HQ
Source: SFBusinessTimes - 🏆 78. / 68 Read more »