| WFH - two views on 12:33 - Feb 25 with 525 views | bluelagos |
| WFH - two views on 12:05 - Feb 25 by ElderGrizzly |
Of course, if the bottom line says it works it will be accelerated. All depends how long term those office leases are |
So in the long term, you can get out of them by not renewing.
Short term, you are probably stuck with whatever deals you have.
Medium term you can maybe sublet, maybe negotiate an early exit or shuffle you workers as you go from 8 to 7 to 6 sites (as the renewals come up)
It won't happen overnight but in 5 years time, I think that city centers as destinations for city workers, living in the suburbs will look very different.
Lots of ways of doing it.
And you could see more, not less pubs/nightclubs in towns. As a share of office space moves to residential use - that will appeal to younguns who like the idea of urban life / urban socialising. Look at Brum -and how the canal sides have thrived as resident/social hubs. Same for parts of Manchester. |  |
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| WFH - two views on 12:37 - Feb 25 with 519 views | bluelagos |
| WFH - two views on 12:33 - Feb 25 by Pendejo |
There is a limit to how much can convert to residential and remain financially viable... Though it'd be nice to be able to turn it into >DECENT< social housing rather than some of the slum / prisons that seem to be appearing.
There is a hardy industry that seems to be able to ride out recessions and financial crises
https://www.reuters.com/article/uk-britain-police-cannabis-city-idUSKBN29P2NJ |
That was mental wasn't it. Fair dos for the cheek, less for getting caught! | |
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| WFH - two views on 12:43 - Feb 25 with 510 views | eireblue |
I think the person from Goldman Sachs is wrong.
If I had the choice between a job whereby I had to commute, or one where it was not mandatory, optional and infrequent, I would go for the latter every time.
I don’t think I am unusual in that, so it may well be that it is employee preference and employers seeing WFH as a recruitment advantage that will determine working patterns. |  | | |
| WFH - two views on 12:56 - Feb 25 with 504 views | Pendejo |
| WFH - two views on 12:43 - Feb 25 by eireblue |
I think the person from Goldman Sachs is wrong.
If I had the choice between a job whereby I had to commute, or one where it was not mandatory, optional and infrequent, I would go for the latter every time.
I don’t think I am unusual in that, so it may well be that it is employee preference and employers seeing WFH as a recruitment advantage that will determine working patterns. |
Refer to my post below.
GS opened Plumtree Court in 2019, it cost them over £1bn , that's why DJ Dave is saying what he is.
That's before taking into account the trillions GS probably has in non-residential property. |  |
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| WFH - two views on 13:07 - Feb 25 with 487 views | StokieBlue |
| WFH - two views on 12:56 - Feb 25 by Pendejo |
Refer to my post below.
GS opened Plumtree Court in 2019, it cost them over £1bn , that's why DJ Dave is saying what he is.
That's before taking into account the trillions GS probably has in non-residential property. |
There are also some staff at GS who basically have to be in the office due to FSA rules.
But in the general scope you are correct, there are a lot of vested interests here.
SB |  | | |
| WFH - two views on 13:09 - Feb 25 with 479 views | factual_blue |
I prefer my solution: NWEA*
*Not working ever again. |  |
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| WFH - two views on 13:15 - Feb 25 with 476 views | LeBlue |
I did wonder what Bruce Willis was up to these days. |  | | |
| WFH - two views on 13:20 - Feb 25 with 463 views | ElderGrizzly |
| WFH - two views on 12:33 - Feb 25 by bluelagos |
So in the long term, you can get out of them by not renewing.
Short term, you are probably stuck with whatever deals you have.
Medium term you can maybe sublet, maybe negotiate an early exit or shuffle you workers as you go from 8 to 7 to 6 sites (as the renewals come up)
It won't happen overnight but in 5 years time, I think that city centers as destinations for city workers, living in the suburbs will look very different.
Lots of ways of doing it.
And you could see more, not less pubs/nightclubs in towns. As a share of office space moves to residential use - that will appeal to younguns who like the idea of urban life / urban socialising. Look at Brum -and how the canal sides have thrived as resident/social hubs. Same for parts of Manchester. |
In the last 12 months, estate agent friend says he has seen the prices of countryside properties around here really go up as people have moved out of London.
Definitely those with the means to do so, have started a bit of an exodus. |  | | |
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