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Get ready for a big downturn - America's 'office apocalypse' is even worse than expected

1 month ago   |   By Business Insider

Remote work is gutting downtowns, forcing leaders to reinvent the postpandemic city. Marianne Ayala/Insider Deserted downtowns have been haunting US cities since the beginning of the pandemic. Before the pandemic, 95% of offices were occupied. Today that number is closer to 47%. Employees' not returning to downtown offices has had a domino effect: Less foot traffic, less public-transit use, and more shuttered businesses have caused many downtowns to feel more like ghost towns. Even 2 1/2 years later, most city downtowns aren't back to where they were prepandemic. Not unlike how...
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