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New York City is getting closer to the tipping point in return to office work

Jamie Dimon may have been off by a year, but New York City’s offices are finally starting to fill up.

In May 2021, the JPMorgan chief executive predicted that the percentage of workers in offices in the city would be back to normal by the following fall. “Yes, the commute, you know, yes, people don’t like commuting, but so what?” Dimon said in his not-so-empathic way at the Wall Street Journal CEO Summit.

As a Covid wave prognosticator and expert on worker psychology, the bank CEO failed. But his view of bringing workers back is getting closer to reality.

Nearly half of office workers (49%) are back in New York City on an average weekday, up from 38% in April, according to the latest data this week from the Partnership for New York City, which has been tracking office occupancy as a vital sign for New York’s economy. Fully remote office worker levels are now down to 16%, from 28% in April.

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