Quote:
Originally Posted by EastSideHBG
It has everything to do with what we are talking about and what would you be expecting, companies that had offices would suddenly close them all and shout from the rooftops that we are now a remote only shop?
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Obviously, yes. That's the issue.
It's a given that companies will be more flexible post-pandemic, which doesn't mean they'll need any less office space, and which doesn't mean that the vast majority of employees won't be in-office at least part-time. That's very different than claiming that employees won't be in the office at all.
For most office jobs, at least in NYC, pre-pandemic, people were on 4, 4.5 or 5 day schedule (summers were half-day Fridays in every job I've had since college, and Fridays were almost always flexible year-round). At least right now, it seems that most office jobs are back to 2-3 days already, or starting in January. And many are planning to require additional days down the road. That's a very different scenario than what's being claimed.
Class A office rents are now higher than pre-pandemic. That certainly suggests that both landlords and tenants expect employees to be in-office at least part-time.