McKinsey said cities could adapt to the declining demand for office space by “taking a hybrid approach themselves,” developing multi-use office and retail space and constructing buildings that can be easily adapted to serve different purposes.
McKinsey said cities could adapt to the declining demand for office space by “taking a hybrid approach themselves,” developing multi-use office and retail space and constructing buildings that can be easily adapted to serve different purposes.
in the short term, increased productivity will offset the rent. hell, baseline productivity was supposed to be enough to offset the rent or they would have never signed the lease in the first place. in the long term, the lease expires, they don’t renew it, they get increased productivity and decreased costs, along with their pick of the best and brightest employees worldwide rather than just those within commuting distance who couldn’t get remote work.
Thing is, while we’re waiting for all of these smart plays to pay off the stock price has gone up, but by 10% less than projected so c suite has fired all the mid and upper level managers.