I definitely see older or taller office buildings renovating and rezoning to become mixed co-working and/or living spaces suited to remote work.
Not just that but also I could see commercial space be divided up into premium one-person office spaces wired with fast internet and set up for video conferencing.
Moving away from this seems like stepping back into the 19th century. Usually when I hear people complain about cars they live somewhere that’s over-crowded with poor road infrastructure, traffic, and inflated taxes and energy costs. Sure if you live in that scenario maybe commuting sucks, but most of the USA isn’t like that.
People moving from NYC and SF to Wyoming and Austin are going to be living in sprawl.
There vehicle miles traveled (VMT) are going to increase: after all it’s not going to be a lockdown where white collar workers stay inside 24/7.
I'm guessing that a company's largest expenses are (probably in order, too): People, Technology, Office space.
Most companies, especially smaller companies, do not actually own the office space they are in, they lease it. Commercial real estate crashing would greatly reduce one of their top 3 expenses... how is that bad for the bottom line?
That actually sounds like a LOT of space compared to a 2-bedroom apartment in Brooklyn that would cost quite a bit more....
But even then, you can put 4/5 people comfortably in a 2-bedroom in Brooklyn if it's designed for it, and it's not going to cost you multiple times an engineer salary.
It might not scale as well though if you need to own your own campus with security, catering and all that.