US Office Space Is on Track to Shrink for First Time on Record
bloomberg.com
bloomberg.com
Given that office spaces are concentrated in downtown areas, and downtown areas in many of America's most renowned cities have deteriorated rapidly in the past few years, I'm not surprised that this is happening. Hopefully developers are able to convert some of those office buildings into residential use, which the article looks at briefly.
Then I realized it's probably rose colored glasses, because I was younger and more social then - going out to lunch, bars after work, joking around.
I think today, older and married, I'd be a bit grumpier and less social, so probably wouldn't enjoy it much at all.
If you could hop on a bike/trolly/bus/train/walk to work (to multiple employers) in 10 minutes consistently, then this would not be a discussion.
Which is impossible without density, so in the end, the discussion is about how densely we want to live vs how spread out we want to live.
I find the younger generation antisocial to detriment, but maybe that's the old guy talking. So I think a lot of the folks missing it are of my ilk. Kinda how some guys miss playing high school football and such. I didn't, so my 'glory days' were in the office, and I admit as much.
There's a lot of commercial sprawl far from downtown cores. Sure, big glossy companies like to splash for nice views and central locations, but a great number of office workers are in suburbs, working for businesses that you've never heard of.
We miss the office because of a couple particular nice things. We're not thinking about the traffic, The daily grind, having to fit in lunch time while at the office, having to deal with the people that we hate in the office, higher pressure, somebody looking over your shoulder all the time, etc. I work from home and I would never go back to an office if I could.
Talk to me when they're more plentiful and cheaper than an Uber and is a better option than owning a car.
We're all going to be working from home, we're all going to be driving self driving cars.
It's gonna be some people doing some things, others others. Just new options now.
Where one of the more visible ways the greatest generation built schools for boomers, boomers instead built pre-fab buildings for schools.
If higher education, schools also typically have a range of classroom / lecture room sizes which office building are poorly suited to match. Seminar-to-classroom size (5--30 students), perhaps, but not mid-to-large lecture halls (100--500 or more students), without some major redesign.
Though theatre conversions might work. I'm thinking of a lecture hall with Imax A/V capabilities....
That's one potential alternative use, I'm sure, but probably not the best.
I think this is exactly the problem many folks are proposing we solve, by doing things like changing out some of that unused office space dor schools and housing.
It's basic market economics. Use the space for things we need, things that are in demand and space for which is scarce, not for things that are in surplus and have a flooded market.
Schools (and housing) not located near business districts results in roads, with traffic. And for schools versus businesses two ends of the same commute (train or car)