There was also a pushback to the “girlboss” type of feminism that also reigned supreme alongside WeWork’s adult playground. Burnout became known as a byproduct of the continual rise-and-grind culture, as some put emphasis on work-life balance, which sometimes seemed more feasible in an era of remote work that was defined by flexibility. Issues of employee burnout got more airtime during the pandemic, as many people used the life-altering event to reconsider their personal and professional goals, as well as address stressors in their life and workplace. The lack of employees in the office spells out disaster for co-working spaces like WeWork, which are built on the premise of people electing to come in to collaborate with colleagues or freelance in a shared location.Īlongside the slide of WeWork, there’s a vibe shift-an anecdotal rejection of the “hustle culture” that defined the “We” era. That’s 70% higher than before the pandemic, and it’s not better nationwide, where the vacancy rate is 20%. Office vacancy in New York City remains at record highs of 17.4%, according to real estate company Colliers. The demand for flexible work remains strong, as companies that offer remote options grow faster than their traditional counterparts. Three years after the pandemic started, office occupancy rates for landlords across the country remain largely lower than before.
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