Working from home could wipe $800 billion from office values globally
Working from home could wipe $800 billion from office values globally
Remote work risks wiping $800 billion from the value of office buildings in major cities worldwide by 2030 as the post-pandemic trend pushes up office vacancy rates and drives down rents, according to a new report.
McKinsey said cities could adapt to the declining demand for office space by “taking a hybrid approach themselves,” developing multi-use office and retail space and constructing buildings that can be easily adapted to serve different purposes.
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People should put pressure on employers to let them choose if they want to work from office, or home. Homeoffice FTW!
Working from home has been both amazing and isolating. However, say I was close enough to an office, my entire team is spread out so I still wouldn't be around my team in person to collaborate.
Nothing beats using my breaks and lunches for things like laundry, exercise, weeding my garden, etc.
But I need to be in the office to collaborate with my teammates who are in the other side of the planet via Teams!! /s
Isn't that the truth. I have colleagues in Washington, Oregon, California, New York, New Jersey, and Texas. Zero in-person collaboration potential.
Hey, are you my former employer? Only it wasn't the other side of the planet, it was just Texas.
That's the thing. Flexibitlity of choice doesn't work. If you want to have a productive office culture, teams need to be in the office. My ideal would be 3.5 days in the office. 3 days for the general policy, .5 days for those ad hoc things like meetings or other things. But working in the office sucks and is equally isolating when you have no team in the office and are on hours of back to back video calls with headphones on the entire time because there are no conference rooms. I think 3 days let's you have 2 days at home to do the laundry, exercise, etc.