US capital sputters as federal workers stay home FMTNews FMTWorld
Washington could lose billions in property tax revenue from office buildings due to enduring remote work.
Now, more than three years after the Covid-19 pandemic forced the US government to rely on telework, long-term remote work is having painful consequences for the local economy. “If you can’t get the federal government back to Washington, DC, even at three days a week, good luck,” he said.‘Economic engine’ falters
“Sustained remote work following the Covid-19 pandemic has translated into lower office utilisation and downtown commercial vacancy rates at record highs,” of close to 18%, DMPED said in a statement. This is almost double the vacancy figure from 2018. In April, the White House’s office for management and budget called on federal agencies to substantially increase in-person work at federal offices while “still using flexible operational policies as an important tool in talent recruitment and retention.”