Tag
In New York City, daily office vacancy rates average about 50%. So it and other cities are trying to attract more visitors by converting office space to housing, improving public transit, and making their streets a destination.
But adaptive reuse isn’t as simple as swapping out cubicles for beds. Developers often need to charge a lot to make conversions worthwhile.
The commercial real estate market is being forced to adapt. Some buildings offer leasing incentives, others may convert to a different use.
For some businesses, work from home just isn’t a thing.
The share of workers staying home due to worries about the coronavirus dropped last month to a pandemic low.
The more working at an office becomes a choice, the more workplaces could become a niche consumer product.
CEO Sundar Pichai says the expansion plan is part of the company’s efforts to diversify its workforce racially and geographically.
Which raises the question: Does it look the city’s going to ghost itself?
Expect a lot less open floor plans, more partitions and more touchless doors and elevators.
The film makes the point that unfulfilled employees are not productive employees.
