In a report just out July 27, 2020 by Green Streeet Advisors, the prediction is that as a result of the successes in corporations working from home office demand in developed economies will drop 10% to 15%. “There is increasing evidence that companies will allow, indeed encourage, employees to work from home more regularly than they do today.” (That was a direct quote, but with the pandemic I don’t think there will be more working from home, ever, than due to stay-at-home orders, than there is today.) :Goldman Sachs said recently that only about 15% of its London workforce had returned to the office, a figure broadly similar for its locations across the globe. Far from impacting profitability, a fortnight ago the firm reported its best quarterly figures in almost a decade, far exceeding analyst expectations.” In my opinion this will vary by industry and location, and there may be a long-term shift out of high-rent regions but the office is here to stay and humans crave interaction with others.
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