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Illustration: Rae Cook/Axios

The shape and form of hybrid work are becoming clearer now that companies and employees have had almost two years to figure out the balance between where and how people do their jobs.

Why it matters: The percentage of remote workers in the labor force fell to its lowest level since the pandemic began — and that was before OSHA issued new vaccine rules last week.

What’s new: Companies banking on the return to work are seeking to benefit from new trends.

  • One example: Industrious, a New York-based co-working startup, is opening a new 43,000-square-foot location in Jersey City, Axios is first to report.
  • WeWork, which went public last month via a SPAC, popularized a business model of leasing office space, whereas co-working spaces like Industrious make money from a revenue-share model with real estate companies.
  • For its Jersey City location, expected to open September 2022, Industrious is partnering with property management firm BentallGreenOak. Other partners have included Blackstone and Brookfield.

What to watch: Companies that foresee managing a bigger remote workforce expect to save tens of millions of dollars a year by closing some offices for good.

  • Not all workers want to return to the office full time, part time, or even at all, but those who do, want options that cut their commute
  • “Once you’re in a car, it’s immaterial if [the trip] is four minutes or 17 minutes. The big blockage is getting into the tunnel into Manhattan — more so than has been true in the past,” Industrious CEO Jamie Hodari tells Axios. 

Go deeper

December brew news in Tampa Bay

Big Storm beer. Photo courtesy of Catalyst Communications

The overflowing craft beer scene in Tampa Bay is hopping up even more business.

State of play: Clearwater-based Big Storm Brewing Co. announced its purchase of Bradenton-based Darwin Brewing Co. yesterday, which has been making culinary-inspired beer for about 10 years.

  • "It is our plan to take the next year to methodically find a new home for Darwin that will allow the brand to find some of its original roots regarding a culinary experience," Big Storm co-owner L.J. Govoni said in the announcement.

JPMorgan: "Full global recovery" in 2022

Photo: Erik McGregor/LightRocket via Getty Images

JPMorgan Chase Global Research says in a forecast to clients: "2022 will be the year of a full global recovery, an end of the global pandemic, and a return to normal conditions we had prior to the COVID-19 outbreak."

The big picture: The bullish report sees "a return of global mobility, and a release of pent-up demand from consumers (e.g. travel, services)."

Inside Trump's hunt for "disloyal" Republicans

Illustration: Aïda Amer/Axios

Donald Trump and his associates are systematically reshaping the Republican Party, working to install hand-picked loyalists across federal and state governments and destroy those he feels have been disloyal, sources close to the former president tell Axios.

Why it matters: If most or all of Trump’s candidates win, he will go into the 2024 election cycle with far more people willing to do his bidding who run the elections in key states.