Quote:
Originally Posted by JMKeynes
As the financial capital of the world, there’s a virtually endless cycle of demand for new space. Indeed, for those who falsely think that working from home is the new norm... It certainly isn’t for Wall Street’s banking powerhouses.
https://www.bbc.com/news/business-56192048 |
Quote:
Originally Posted by colemonkee
^ Agreed. I work with clients in the wealth management space, and even here in Southern California, they are starting to return to the office, albeit at a far reduced capacity (less than 20%) and with strict mask mandates. Offices will come back. Likely not exactly as they were before, but they are not going away.
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Yeah offices aren't going anywhere. There have been countless cries of "the office is dead" throughout the past 200 years, starting even as far back as the invention of the telegraph lol.
In the early 1900s as telephone netwerks were becoming widespread, all the futurists were saying that by the 1920's there would be no office buildings left in the developed world; they would all be converted to housing, and all the space-hungry, noisy, dirty urban commuter railroad networks which were rapidly expanding at the time were about to become just as obsolete as all the other ancient staples of urban life, like open sewers and garbage fires in the streets.
Similar predictions reappeared after the invention of the telefax machine, and then again with email, and then again most recently with the rise of coworking spaces. It just won't happen.
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