Article content material
Many articles have been written concerning the demise of the workplace constructing over the previous few years. This week on All the way down to Enterprise, Carl Gomez, chief economist and head of analytics at Costar, a industrial actual property information agency, discusses the previous, current and way forward for the workplace.
Article content material
Opposite to standard perception, workplace utilization charges — a measure of the quantity of individuals per sq. foot of workplace area — had been dropping for the last decade earlier than the pandemic arrived in North America. In an actual sense, the pandemic didn’t trigger places of work to empty out, though it did speed up that course of, Gomez mentioned.
In a report on the matter, he calculated that workplace utilization charges dropped by about 1.4 per cent a yr between 2009 and 2019, however since 2020 that drop has deepened to 7.5 per cent per yr.
The query is what occurs subsequent? Gomez mentioned many workers favor distant work as a result of they save time on commutes and could also be simply as productive at residence, however administration usually prefers to see individuals in places of work. Finally the extent to which distant work turns into a everlasting development might depend upon whether or not there’s a recession and what occurs within the job market.
Gomez discusses a mess of different components at play on this particular double episode on the way forward for the workplace tower.
Subscribe to All the way down to Enterprise in your favorite podcast app.
You probably have any questions concerning the present, or if there are matters you need us to deal with, e mail us: [email protected].
• Electronic mail: [email protected] | Twitter: GabeFriedz
How the devastation of wildfires impacts the economic system
Rise of the variable-rate, fixed-payment mortgage
Oilsands poised to develop in ‘period of optimization’
#distro
