Reply to The Pandemic Hit Cities Hard And Then There's Washington, DC

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Reply to "The Pandemic Hit Cities Hard And Then There's Washington, DC"

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[quote=Anonymous]When many people only need to go into the office 1-3 days a week, you simply do not need as much office space.  Some folks will return to the office daily but many will not.  The pandemic has really just accelerated a trend that was happening anyway.  Over the next couple of decades we will see more move to WFH.  Office space is expensive and many businesses will find it more profitable to have employees working from home and going into a temp office.  There is too much office space in not just DC but also basically everywhere.  We will see satellite offices closing and many buildings being combined.  When you can have two people share a desk, you only need half the desks.  If you need half the desks, you need half the buildings.  You also need half as many service economy businesses like restaurants that serve these office buildings.  Any city that wants to grow in the future will need to attract residents or tourists and not office workers.  We will always need places to meet and discuss in person some of the time so the death of the office isn't happening but the downsizing of offices is and will continue for the next couple of decades.  It's not the end of the world but it is a structural change in the economy.[/quote]

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