For most of history, people worked from home: farmers, blacksmiths, etc. Will we see a dystopian return to the past, along with a seismic realignment of real estate? Twitter’s permanent WFH policy is the canary in the coal mine. Is this goodbye to the modern office building?
2/ In cities like SF, a period of office vacancy will eventually lead to office buildings being repurposed as live-work space. This seems inevitable, because it's a more efficient utilization of real estate. Separate office vs residence has meant half the city is always vacant.
3/ New home inventory will flood the market, and the housing crisis will finally abate. Zoning laws (a 20th-century invention) and office buildings (18th-century) will decline in relevance.
4/ People will always crave human contact. When in-person office gatherings resume, it won’t be around a 9-to-5 office schedule: more like events / offsites, scheduled weekly in common spaces. Expect some vacant office buildings and shopping malls to repurpose as event space.
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