What will happen to all the office space?
Let's face it, we are not going back to the office. Not as we were anyway. But what will happen to all the empty office space?
"Work is no longer a place you go. It is a thing you do"
According to @The Washington post, Stewart Butterfield the chief executive and co-founder of slack says “When I see headlines about CEOs trying to lure employees back to the office, I feel like it’s probably a doomed approach, work is no longer a place you go. It is something you do.”
@Morgan Stanley has predicted that, throughout Europe, the numbers of those working from home for all or some of the week will more than double to 30% by 2030. Lawyers, #bankers, #technology geeks, clothes designers and estate agents are all likely to be less visible in our urban centres than they used to be. But what will happen to all the empty office space?
But what will happen to all the empty office space?
@The Guardian reports that the @City of London is planning to create at least 1,500 new homes by repurposing offices and other buildings left empty because of the pandemic, as it adapts the capital’s financial district for the #future following Covid-19.
Many of the biggest #businesses in the city are working towards creating more flexible and adaptable office spaces more suited to the post-pandemic trends such as hybrid and flexible working.
Is the solution "experiential leisure”?
The @financial times reports that one solution is “experiential leisure” companies who are betting on pent up demand for social activities when Lockdowns and covid restrictions end. For example, the 80,000 sq. ft former Debenhams store in Wandsworth has been taken on by trampoline company @gravity. Other leisure groups are also looking to snap up some deals, whilst mixed-use venues are also on the rise.
It seems that across the world office #markets will be changed forever by the Covid-19 pandemic.
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