{"id":16086,"date":"2021-04-30T10:57:30","date_gmt":"2021-04-30T10:57:30","guid":{"rendered":"https:\/\/www.instantoffices.com\/blog\/?p=16086"},"modified":"2021-05-11T09:36:37","modified_gmt":"2021-05-11T09:36:37","slug":"new-york-suburbs-biggest-surge-homeworkers","status":"publish","type":"post","link":"https:\/\/www.instantoffices.com\/blog\/business-growth\/new-york-suburbs-biggest-surge-homeworkers\/","title":{"rendered":"These New York Suburbs Will See the Biggest Surge in Homeworkers"},"content":{"rendered":"

Traditionally, the majority of companies have been headquartered in city centres. However, Instant predicts a 40% decrease in city-based corporate headquarters in the next few years.<\/strong><\/p>\n

The events of 2020 accelerated the move towards working from home, and the post-pandemic return to work gives companies the opportunity to test a new approach to workspace. Central city locations are gradually giving way to \u201chub and spoke\u201d workplace models, where businesses will have smaller offices in suburban areas closer to where their employees live.<\/p>\n

This model is designed to reduce the reliance on central city locations, in favour of more dispersed offices that make flexible hours and homeworking easier. As a result, there is a rapidly growing demand for workspace in secondary cities and suburbs.<\/p>\n

Top Up-and-Coming NY Hub and Spoke Locations<\/span><\/strong><\/h2>\n

Over 85% of all NYC flexible workspaces are currently located within Manhattan<\/a><\/strong>, at the heart of the metropolitan area. Research shows that providers should start setting their sights on more suburban locations in New York.<\/p>\n

The most likely regional locations for businesses considering the hub and spoke model are:
\n\u2022 Huntington:<\/strong> 52 km (32 miles) from New York City
\n\u2022 Nyack:<\/strong> 48 km (30 miles) from New York City
\n\u2022 Trenton<\/a>:<\/strong> 108 km (67 miles) from New York City<\/p>\n

Over 175,000 of the employees working in the New York finance sector live within 30 minutes of these locations. Additionally, more than 98 US biotech and pharma companies are based nearby, in and around New York.<\/p>\n

With 59% of New Yorkers living in the suburbs<\/strong>, a hub and spoke model that allows for more \u201cwork-near-home\u201d opportunities makes economic sense for businesses and employees. The model can support people already working in the finance and pharma sectors, while also allowing for a wider talent pool when recruiting.<\/p>\n

(click to enlarge)<\/em><\/p>\n

\"210429-regionalHotspots_Regional<\/a><\/p>\n

Pros and Cons of Working from Home<\/span><\/strong><\/h2>\n

There are numerous benefits to working from home, including:<\/strong>
\n\u2022 Lower expenses
\n\u2022 More work flexibility
\n\u2022 No office distractions
\n\u2022 Improved collaboration across multiple locations
\n\u2022 Lower rates of absenteeism and \u2018presenteeism\u2019
\n\u2022 Improved job satisfaction<\/p>\n

However, there are also some notable disadvantages to working exclusively from a home office:<\/strong>
\n\u2022 Isolation
\n\u2022 Less face-time
\n\u2022 Distractions at home
\n\u2022 Risk of overworking
\n\u2022 Risk of disproportionate work-life balance<\/p>\n

Working closer to home in a spoke satellite office can help employees to strike a better balance, without the drawbacks that come with working from home. The hub and spoke model also helps businesses to attract and retain top talent.<\/p>\n

Key Benefits of a Hub and Spoke Approach<\/strong><\/span><\/h2>\n

Businesses and employees alike can save time and expense when working closer to home in decentralised offices.<\/p>\n

US businesses could save 23% or more on their rental rates, while employees could save more than 90 minutes a day in commuting time. This could save the average New York office worker as much as $7,000 a year in travel costs.<\/p>\n

Read more<\/a> about our predictions for the hub and spoke model.<\/p>\n

 <\/p>\n

\n

Looking for Office Space?<\/strong><\/h2>\n

We Operate in Top US Locations:<\/span><\/p>\n

New York<\/a>, Houston<\/a>, Dallas<\/a>, Miami<\/a>, San Francisco<\/a>, Chicago<\/a>,
\nSearch more locations<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Traditionally, the majority of companies have been headquartered in city centres. However, Instant predicts a 40% decrease in city-based corporate headquarters in the next few years. The events of 2020 accelerated the move towards working from home, and the post-pandemic return to work gives companies the opportunity to test a new approach to workspace. Central city locations are gradually giving way to \u201chub and spoke\u201d workplace models, where businesses will have smaller offices in suburban areas closer to where their employees live. This model is designed to reduce the reliance on central city locations, in favour of more dispersed offices that make flexible hours and homeworking easier. As a result, there is a rapidly growing demand for workspace in secondary cities and suburbs. Top Up-and-Coming NY Hub and Spoke Locations Over 85% of all NYC flexible workspaces are currently located within Manhattan, at the heart of the metropolitan area. Research shows that providers should start setting their sights on more suburban locations in New York. The most likely regional locations for businesses considering the hub and spoke model are: \u2022 Huntington: 52 km (32 miles) from New York City \u2022 Nyack: 48 km (30 miles) from New York City \u2022 Trenton: 108 km (67 miles) from New York City Over 175,000 of the employees working in the New York finance sector live within 30 minutes of these locations. Additionally, more than 98 US biotech and pharma companies are based nearby, in and around New York. With 59% of New Yorkers living in the suburbs, a hub and spoke model that allows for more \u201cwork-near-home\u201d opportunities makes economic sense for businesses and employees. The model can support people already working in the finance and pharma sectors, while also allowing for a wider talent pool when recruiting. (click to enlarge) Pros and Cons of Working from Home There are numerous benefits to working from home, including: \u2022 Lower expenses \u2022 More work flexibility \u2022 No office distractions \u2022 Improved collaboration across multiple locations \u2022 Lower rates of absenteeism and \u2018presenteeism\u2019 \u2022 Improved job satisfaction However, there are also some notable disadvantages to working exclusively from a home office: \u2022 Isolation \u2022 Less face-time \u2022 Distractions at home \u2022 Risk of overworking \u2022 Risk of disproportionate work-life balance Working closer to home in a spoke satellite office can help employees to strike a better balance, without the drawbacks that come with working from home. The hub and spoke model also helps businesses to attract and retain top talent. Key Benefits of a Hub and Spoke Approach Businesses and employees alike can save time and expense when working closer to home in decentralised offices. US businesses could save 23% or more on their rental rates, while employees could save more than 90 minutes a day in commuting time. This could save the average New York office worker as much as $7,000 a year in travel costs. Read more about our predictions for the hub and spoke model.   Looking for Office Space? We Operate in Top US Locations: New York, Houston, Dallas, Miami, San Francisco, Chicago, Search more locations<\/p>\n","protected":false},"author":1,"featured_media":16087,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,214,12],"tags":[],"class_list":["post-16086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-growth","category-featured","category-flexible-workspace"],"yoast_head":"\nWhich New York Suburbs Will See The Biggest Surge in Homeworkers - Instant Offices Blog<\/title>\n<meta name=\"description\" content=\"Businesses are setting their sights on more suburban locations in New York, but which areas are they choosing and how will this impact working from home?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.instantoffices.com\/blog\/business-growth\/new-york-suburbs-biggest-surge-homeworkers\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Which New York Suburbs Will See The Biggest Surge in Homeworkers - 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