76% of American CEOs say they may shrink office space

Re:76% of American CEOs say they may shrink office space by lquist on Thursday October 22, 2020 @06:13PM (#24863840)

There is going to be a lot of pain but overall I think this is very good for the economy. Rents that went to landlords will be redirected to more productive purposes (or profit, which when distributed to shareholders will be reinvested).

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Re:76% of American CEOs say they may shrink office space by mrfusion on Thursday October 22, 2020 @07:12PM (#24864330)

Technically the rents should go to the employees now devoting parts of their homes (and utilities) to work.

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Re:76% of American CEOs say they may shrink office space by pan69 on Thursday October 22, 2020 @07:19PM (#24864383)

First we started bringing our own laptops, now we're bringing our office.

Sure, there are lots of people who are getting issued a laptop from their employer but there are also a lot of people that don't.

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Re:76% of American CEOs say they may shrink office space by myself248 on Thursday October 22, 2020 @08:12PM (#24864773)

I got an email from my electric utility this summer, pointing out that I was using MASSIVELY more electricity than the same month last year. Like, roughly triple.

When I was at work every day, I had my HVAC on a pretty drastic setback; no sense cooling an empty house. I guess it worked pretty well! Because this year I was home all summer and despite not wearing pants most of the time, it still took a fair bit of power to keep things not-sweaty.

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Re:76% of American CEOs say they may shrink office space by neverartful on Thursday October 22, 2020 @07:57PM (#24864666)

You're right, but I wouldn't hold my breath.

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Re:76% of American CEOs say they may shrink office space by cobookman on Thursday October 22, 2020 @06:34PM (#24863999)

Wouldn't rents just shift from cities to suburbs, offices to homes/banks.

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Re:76% of American CEOs say they may shrink office space by ghaff on Thursday October 22, 2020 @06:45PM (#24864076)

To some degree. Some people will choose to upgrade their home space--albeit often in less dense locations--but if utilization increases that's generally a win overall.

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Re:76% of American CEOs say they may shrink office space by albacur on Thursday October 22, 2020 @07:44PM (#24864577)

At least in San Francisco Bay Area, which has one of the worst housing markets in the country, it would be a net win.

For some people who've lived here a while and bought a house for cheap or have rent control, they're making money hand over fist.

But for the rest of us, a huge portion of our paychecks goes to landlords or paying a mortgage. It would be much more reasonable in almost any other US suburb and most US cities.

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