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by dilap 1138 days ago
Are the incentives really there? Obviously the people with the real estate would like this, but if they were really that influential, you'd also see a huge push for private offices (=> more space per employee, more real-estate demand), which alas we don't.

I think if you see companies shying away from remote work it'll really just be because it isn't proving effective -- because companies will be losing out on huge recruiting and cost-advantages in doing so.

I've been working remote for a while, and I'm still pretty skeptical. It's definitely a lot harder to build relationships, which are super-important, I think.

Maybe a hybrid model with lots of frequent in-person work retreats could be ideal.

1 comments

The biggest thing would be for those that own their premises, who would have to take impairments (write downs) on the values of their assets. Their lease liabilities also start to look exorbitant and many will be forced to act on this, cutting these leases and recognize the lease cancellation cost all at once (usually office leases require all payments for the contract term to cancel), taking a large financial knock upfront. Basically large knocks on their profit in the very short term.