More than two years into the pandemic, thousands of employees continue to work remotely in the suburbs rather than commute into the city, according to a new report by Pew Charitable Trusts.

The permanent trend toward remote work is contributing to Philadelphia’s tepid economic rebound from the COVID-19 pandemic and a decline in the total workforce overall, Pew found. The full report, the latest in a series on Philadelphia’s Fiscal Future, published in partnership with the William Penn Foundation is available on Pew’s website.

The report raises concerns that Philly could experience an uneven, inequitable recovery inflicting particular pain on some of the city’s residents, especially people of color, said report coauthor Larry Eichel.

Amid the pandemic, lower-wage jobs in hotels, restaurants, and other leisure sectors disappeared, hurting already disadvantaged Philadelphians with lower incomes who held these service positions.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia office space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.