As of early 2024, about 20% of American workers were either fully remote or hybrid, with only some days spent in the office. This shift has altered urban dynamics.
‘Remote work has tanked [Washington] D.C.'s growth and is causing a budget nightmare,’ said Mayor Parker, emphasizing the negative economic impact of reduced office occupancy.
The drop in weekday bustle means less trade for small businesses and less city tax revenue from high-rises, presenting a significant challenge for municipal budgets.
In Washington, where a poll indicated 37% of workers were fully remote as of 2023, the city's CFO projected a revenue loss of nearly $500 million.
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