WSJ: Industries Reliant on Thriving Downtowns Suffer From Remote Work
July 03, 2023 The shift towards remote work has significantly impacted industries dependent on bustling downtowns, such as architecture, construction, and office furniture manufacturing. Companies like Henegan Construction and Steelcase have faced layoffs and revenue declines due to reduced office space usage. While some sectors adapt by pivoting to growth areas like warehouses and healthcare, the broader economic effects of changing work patterns are increasingly felt across various professions linked to the office market ecosystem.