Workers say crime-ridden NYC not worth the hassle anymore

[Kamaji]

Workers say crime-ridden NYC not worth the hassle anymore

By Carl Campanile
March 24, 2022

Conditions in New York City have deteriorated so badly that a large segment of its private-sector workforce are thinking of fleeing rather than return to the office, a new business survey released Thursday reveals.

Forty percent of employees who reside in Manhattan said they’re thinking of leaving as did 48% — nearly half — of workers who live in the city’s other four boroughs, the online Morning Consult poll of 9,386 employees found. It was commissioned by the Partnership for The City of New York.

Public safety concerns are an obstacle to persuading more employees now working remotely to return to their Manhattan offices.

Of those respondents working remotely all or part of the time, 43% cited public safety as their No. 1 concern, followed by 27% who cited exposure to COVID-19.

Only 40% of employees have returned to their offices in-person full-time, according to the business group.

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Source:  https://nypost.com/2022/03/24/workers-say-crime-ridden-nyc-not-worth-the-hassle-anymore/

[Kamaji]

NYC is going to seriously regret the mandatory lockdowns.  All it really did was force companies to perfect remote working, and make it work for them, so now there's a lot less pressure to bring people back.  So far, commercial real estate has been relatively sheltered because most commercial leases are multi-year leases; however, as those leases start to expire, and aren't renewed by the tenants, the pain will become intense.