One of New York’s biggest private landlords, Vornado Realty Trust, is betting that hybrid work is here to stay.<\/p>\n
The firm’s chairman, Steven Roth, told investors that office work on Fridays was likely “dead forever.” Even Mondays, he said, are “touch-and-go.”<\/p>\n
Roth’s observations align with the latest data on return-to-office trends. A report from Placer.ai, a firm that tracks mobile-phone data from 800 sites across the US, found that those who came into the office opted to come in during the middle of the week.<\/p>\n
People are slightly more likely to visit the office on Tuesdays, with workers coming in at 62% of pre-pandemic levels, according to Placer.ai. The report also found that occupancy levels on Wednesdays and Thursdays were near 60%. However, office visits on Mondays and Fridays were just half of what they were in 2019, according to the report.<\/p>\n
The current push toward hybrid work comes as some companies like Goldman Sachs, Amazon, Meta, and Disney are doubling down on employees returning to the office.<\/p>\n