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Downtowns plan for a future with far fewer office workers

Dec 15, 2022
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.
Downtown Crossing, a major shopping area in Boston, on March 26, 2020.
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Chicago is turning some of its iconic office buildings into apartments

Oct 4, 2022
But adaptive reuse isn’t as simple as swapping out cubicles for beds. Developers often need to charge a lot to make conversions worthwhile.
Barnard professor Homa Zarghamee says learning about economic inequality is a fundamental part of understanding the modern economy.
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Some employees are coming back, but there's still a lot of empty office space out there

Aug 31, 2022
The commercial real estate market is being forced to adapt. Some buildings offer leasing incentives, others may convert to a different use.
Many building owners are offering better deals to office tenants who might be on the fence about renewing their leases.
Spencer Platt/Getty Images

Blackstone bets $7.6 billion that office parks have a bright future

Apr 26, 2022
For some businesses, work from home just isn't a thing.
Richard Baker/In Pictures via Getty Images

More workers are returning to offices, but downtown? Not so much.

Nov 16, 2021
The share of workers staying home due to worries about the coronavirus dropped last month to a pandemic low.
A few lights are on in a New York City high-rise. Some workers are coming back, but downtowns still have plenty of unused capacity.
Timothy A. Clary/AFP via Getty Images

The future of work anywhere: gardens, stores and hotels

Nov 15, 2021
The more working at an office becomes a choice, the more workplaces could become a niche consumer product.
A garden "pod" office at Second Home Hollywood co-working space.
Meghan McCarty Carino/Marketplace

Google plans to invest $7 billion in real estate nationwide

Mar 18, 2021
CEO Sundar Pichai says the expansion plan is part of the company's efforts to diversify its workforce racially and geographically.
One of the reasons Google says it's branching out into new locations is to make connections with new communities.
Dan Kitwood/Getty Images

For public good, not for profit.

The big empty: San Francisco is sitting on millions of square feet of vacant office space

Mar 17, 2021
Which raises the question: Does it look the city's going to ghost itself?
While other office spaces remain empty, some trophy properties, like the Salesforce building, center, remain hot commodities.
Josh Edelson/AFP via Getty Images

Offices prepare for post-virus return to work

Apr 22, 2020
Expect a lot less open floor plans, more partitions and more touchless doors and elevators.
Workspaces where people sit across from each other might not be the best idea when we return to work.
Oli Scarff/Getty Images

"Office Space" nailed workplace frustration. It turns 20 today.

Feb 19, 2019
The film makes the point that unfulfilled employees are not productive employees.
Ron Livingston, David Herman and Ajay Naidu take revenge on their nemesis, the office fax machine, in a scene from the 1999 movie "Office Space."
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