Returning to the office for some Wall Streeters means moving back to NYC

by Brick Underground

Hybrid no more: Unpredictable in-person work schedules mean daily commutes from far-flung suburbs are unappealing. Is the end of hybrid work at Wall Street firms giving the New York City real estate market a boost? Financial firms that had flexible work-from-home policies are joining the return-to office trend and requiring more workers to be in the office as many as five days a week. For employees who moved to the suburbs because they could work hybrid schedules, having to be in the city more days appears to be fueling a small burst of real estate activity. Several brokers told Brick Underground they’re working with Wall Street workers on apartment searches because of updated RTO mandates. What they’re hearing: Long, often unpredictable in-person work schedules are tough on employees who need to conform to commuter train schedules.

 

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