41–50 of 287 posts
Covid might actually result in permanent changes. Sucks for a lot of commercial real estate companies. WeWork is probably 100% done
WeWork specifically was failing anyway, but it strikes me that in a world where permanent workplaces are deemphasized and workers are inherently more mobile, the market for a broker of temporary spaces is probably larger, not smaller.
Can Japanese residents comment on how this works WRT office space in the home? Do people typically have space in their homes to have a proper home office setup? My wife and I are both WFH right now, and we had to buy a second desk and chair and repurpose what was previously our 2nd bedroom. The 3rd bedroom has always been a home office. If we lived in a downtown apartment, I'm not sure what we'd do, as we're both in…
Can Japanese residents comment on how this works WRT office space in the home? Do people typically have space in their homes to have a proper home office setup? My wife and I are both WFH right now, and we had to buy a second desk and chair and repurpose what was previously our 2nd bedroom. The 3rd bedroom has always been a home office. If we lived in a downtown apartment, I'm not sure what we'd do, as we're both in…
I mean FWIW I’m American and your explanation sounds very foreign to me. I’m a millennial though, so owning a house at all is quite obstacle. Scrounging up a down payment when even a 2 bedroom apartment is $1-$1.5 million is not the easiest task. Renting an extra 2 bedrooms to have lying around in case we suddenly need 2 offices would also cost an extra couple thousand dollars a month. My wife and I are both working…
Most people my age who have purchased a home got significant help from their parents.
Can Japanese residents comment on how this works WRT office space in the home? Do people typically have space in their homes to have a proper home office setup? My wife and I are both WFH right now, and we had to buy a second desk and chair and repurpose what was previously our 2nd bedroom. The 3rd bedroom has always been a home office. If we lived in a downtown apartment, I'm not sure what we'd do, as we're both in…
Earlier quoted context omitted.
I also wonder the impact it'll have on retail and lunch places. A lot of small restaurants popped up around places with a lot of office workers. If those office workers are all WFH now, the previously desirable restaurant locations will become semi-worthless. On top of that, my guess is that WFH people will go out for lunch less often, so those restaurants won't just relocate to more residential areas, they (and thei…
OTOH, isn't it pretty customary for any large office (let's say 1k+) to have a cafeteria, with presumably most employees eating there? Some of these will not want to cook lunch in the middle of work, and at least order takeout instead.
I actually think it might cause a more efficient use of space overall. Lots of strip malls and even regular malls around the country are going to be converted into housing. If almost everybody does almost everything through delivery, there's no need to spend the money on prime real estate and extensive signage, which is very expensive.
Thats really good. I wonder how UK companies will respond.
I suspect that shift has mostly come out of the fact they couldn't really play the usual management cards of "collaboration will suffer", or "its harder to manage people remotely" after multiple months of nobody at all being in the office and work continuing more or less as normal. My fear going into this is that it would be the nail in the coffin of remote work, with companies going into it unprepared and everything falling apart for an extended period - at least in our case the transition took all of a week or so before everyone got used to it, and if anything productivity is higher than it was with everyone working out of the office.
Earlier quoted context omitted.
I also wonder the impact it'll have on retail and lunch places. A lot of small restaurants popped up around places with a lot of office workers. If those office workers are all WFH now, the previously desirable restaurant locations will become semi-worthless. On top of that, my guess is that WFH people will go out for lunch less often, so those restaurants won't just relocate to more residential areas, they (and thei…
OTOH, isn't it pretty customary for any large office (let's say 1k+) to have a cafeteria, with presumably most employees eating there? Some of these will not want to cook lunch in the middle of work, and at least order takeout instead.
I think this is a pretty big/new tech specific thing, and there are still exemptions. Of the large non-tech companies in NYC, I know a few banks have cafeterias, but the food is both not free and not good
Covid might actually result in permanent changes. Sucks for a lot of commercial real estate companies. WeWork is probably 100% done
Sucks for the worker who now has to bear the cost of providing office space and internet connections and your local network. Also longer term a lot of housing stock will become les desirable and new residential housing will become bigger and more expensive. Oh and H&S inspections will now have to be included
But, yes, a small urban apartment is not going to be great for working from home. Especially without coffeeshops etc. open. Longer term, people who WFH indefinitely will either need to move to larger places or they'll want a co-working space that either they or their company pays for.
Thats really good. I wonder how UK companies will respond.
Earlier quoted context omitted.
I mean FWIW I’m American and your explanation sounds very foreign to me. I’m a millennial though, so owning a house at all is quite obstacle. Scrounging up a down payment when even a 2 bedroom apartment is $1-$1.5 million is not the easiest task. Renting an extra 2 bedrooms to have lying around in case we suddenly need 2 offices would also cost an extra couple thousand dollars a month. My wife and I are both working…
In the same spot. Home ownership is so out of reach for the vast majority of the people my age. Even with good salaries and savings! Most people my age who have purchased a home got significant help from their parents.