If, in the old world, an office was a form of corporate peacocking — a flashy location in some iconic building with a boutique-hotel level of design for clients, employees, customers, and investors — in the new world, it is becoming a very costly line item that could be reduced to the equivalent of a single flagship store.
I was just having a conversation about this yesterday, Courtney. If there’s one positive that will come from this pandemic related to the way we work, I think (and hope) this is it. So many companies were still treating work as a prison and equating face time with productivity — the elephant in the room that no one talked about. It was leading to a lot of anxiety, dissatisfaction and burnout. I think people working from home are discovering a new balance that they never thought was possible. Now, I’m not advocating for the abolishment of physical spaces (I think they still add a lot of value), however, for the average office employee, at least half of the work can be done independently or remotely. I hope companies will be able to look at that half in a completely new light post-COVID.