The report states that 15% of office workers in the city will stay remote in 2023.
RELATED: 42% of US companies allow employees to relocate but most not leaving, survey finds
Empty offices mean business tax revenue will grow just 1% this fiscal year.
However, revenue is expected to top $1 billion in each of the next three years, which is higher than the pre-pandemic peak in 2018.
As shoppers return to the city, sales tax revenue is expected to grow a robust 26% this fiscal year.