What’s going to happen to all the empty office buildings as a result of remote work? No way we ever go back into the office.

likefunny
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Have fun working from home while the people in the office get promotions and the good projects.

likeupliftingsmartfunny

Stalker much?

I read takes like these and think, are we trying to get our jobs outsourced? Anyone who thinks management will indefinitely pay HCOL area salaries to U.S. based white collar professionals working 100% remote is living in a fantasy world.

Best case scenario, we go back and maybe have some sort of partial WFH scenario, but we are going back if we are lucky. Worst case, our firm leadership and our clients take a closer look at why they’re paying a 6 figure salary to a new grad living at home to do entry level work.

likesmart

The core consulting staff will remain highly paid, strongly pedigreed onshore folks. That’s just part of our business model.

But if I were an admin in a HCOL city, I’d be thinking very hard about what indefinite WFH meant for my future...

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“No way we ever go back into the office” lol the naivety

likefunny

Not gonna lie, I will leave my job if we go full remote. I’m in my 20s and I went into consulting for the free meals, free booze, and perks. And I’m federal, so I don’t travel anyway. Consulting with no perks sucks.

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Y’all are going back 😂

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Back sooner than they think too.

All the micro managers will want to be back in the office tbh. They love a good scrum in the huddle room 😂😂

likefunnysmart

A bunch of companies are already back in the office...

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Where?

In 5 years, even 2 or3, this will all be over and forgotten. Maybe 10% of hours/ppl will be remote but the vast majority will be back to crowded offices

likefunny

Dude.. everyone’s going back. Maybe not right away, but give it another year or two. Keep dreaming in the meantime

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Apartments

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Every firm will roughly copy Google’s guidelines. They announced that starting in September, if any employees want to stay remote for >14 days/year, they will have to apply and get approved. My prediction is that once we reach 80-90% mass vaccination by summer, offices will become open and available, until becoming mandatory by fall

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I don't think we're going to reach 80-90% vaccination by summer. By fall? Maybe

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The answer the question, the office market is going to take a hit. Sure, we are going back. But, not in the same capacity as before. Companies will need less space, overall. Leases will get signed with shorter terms, which means more rollover, and leasing costs, which leads to lower valuations.

Office lease terms are generally years long, so we won’t know the full affect for some years but i think office is overbuilt. The class A space, will be fine, but overall we have too much office supply.

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We’re going back. Source: we.

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Counting down the days until I can get back to the office.

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A lot of those offices can be turned to housing. Everyone keeps banging on about affordable housing. That would certainly flood the market. I would not mind living within the Loop or Midtown (Atlanta or NYC).

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Except, they can’t.

Think about your current downtown office: if you split it up into housing units, would each one have its own toilet? Of course not. All the toilets are near the center of the building, due to the way commercial construction works.

Converting offices to housing is hugely, hugely expensive. Stuff that was intended as commercial space is really hard to repurpose. The building infrastructure just isn’t right. To get sinks and toilets and power outlets in all the right places requires significant rebuilding.

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I think the demand will decrease. You can do the same with less square footage. More hoteling

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Tax write offs for corporations.

Ha people are already venturing back with hybrid schedules. 😟😣

P66 mandated their employees return last July. 😕

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I have work to do but I’m tired so gonna take a short nap. I’ll finish later and work late if I need to. I won’t miss a deadline, and my team won’t suffer. Good night!
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likesmart

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