This is an interesting article from Brookings that talks about the "myths of converting offices into housing." What I especially like about the article is that it's nuanced, and it directly addresses many of the myths that currently surround offices. The first one is that "offices are over."
Regular readers of this blog will know that I don't agree with this. And the article provides some good data points to support this:
Office utilization may be below pre-pandemic levels in many cities, but the data suggests that we have not yet hit a plateau. Utilization rates continue to increase, albeit gradually. So if we are to be more precise here, it's not that some people will never return to the office, it's just that it's taking longer than I think many people expected.
That said, this is not the case in all cities. Downtown Salt Lake City,
This is an interesting article from Brookings that talks about the "myths of converting offices into housing." What I especially like about the article is that it's nuanced, and it directly addresses many of the myths that currently surround offices. The first one is that "offices are over."
Regular readers of this blog will know that I don't agree with this. And the article provides some good data points to support this:
Office utilization may be below pre-pandemic levels in many cities, but the data suggests that we have not yet hit a plateau. Utilization rates continue to increase, albeit gradually. So if we are to be more precise here, it's not that some people will never return to the office, it's just that it's taking longer than I think many people expected.
That said, this is not the case in all cities. Downtown Salt Lake City,
as we have talked about before
, is the busiest it has ever been. Similarly, ridership on the Utah Transit Authority network is up 26% from pre-pandemic levels.
Europe is generally ahead of North America with utilization rates in the 70-90% range, according to JLL. And Asia is even further ahead with rates in the 80-110% range. Meaning that, similar to downtown Salt Lake City, there are (many?) cities in Asia where more people are in the office today compared to in 2019.
So I would not be so quick to claim that "offices are over."
Royal Bank of Canada, which is one of the largest employers in the country, sent an internal memo to employees this week with statements like these:
“When our teams come together on-site more frequently, we are solving complex problems faster, learning and growing more effectively, and ultimately building deeper connections with one another."
"Without frequent in-person engagement our long-term competitiveness is at risk."
I feel strongly that we are going to continue to see more of this. Current work-from-home arrangements are not at all static. We have not yet reached a post-pandemic equilibrium. That will likely take a few more years.
More flexibility, rather than less, is something we all want, and I don't believe that's going away. But I do believe that for the most productive and congealed teams, the default workplace will remain the office.
At the end of August, our office closed for two weeks so that we could shuffle a bunch of desks around. During that time, we all worked remotely. I spent one week working from home and one week working from Utah. Being in Utah in the summer was, of course, a great treat. Everybody appreciates having more rather than less flexibility in how they structure their workday.
But at the same time, being away from the office reminded me just how much I hate working from home. I hate the onslaught of calls and zooms that ensue when you're not proximate to the people you work with. I hate being distracted by the thought that I should probably do a load of laundry. And importantly, I also find that I have less energy.
One of the ways that extroverts and introverts are often defined is according to where they derive their energy from. The former is said to derive more of their energy from being around other people and the latter is said to derive their energy from being by themselves. Introverts need time to recharge. Of course, most people probably need both of these things. I certainly do.
But I think this is an important consideration as we all debate work-from-home policies. I enjoy being in the office. And I can tell you that our team overwhelmingly does as well. People were starting to get antsy during our two week hiatus. But not everybody feels the same way, which is why I wasn't expecting this (the above) Twitter poll result.
At the time of writing this post there were fewer than 200 responses. But even with limited data points, I was expecting more of a bell curve, with the majority of people doing some sort of hybrid thing. That is not the case here. The results were fairly equal with 5 days a week having a slight edge. My sense is that WFH is continuing to wane.
But I don't know, you tell me: What is your work routine right now and what would you consider optimal?
as we have talked about before
, is the busiest it has ever been. Similarly, ridership on the Utah Transit Authority network is up 26% from pre-pandemic levels.
Europe is generally ahead of North America with utilization rates in the 70-90% range, according to JLL. And Asia is even further ahead with rates in the 80-110% range. Meaning that, similar to downtown Salt Lake City, there are (many?) cities in Asia where more people are in the office today compared to in 2019.
So I would not be so quick to claim that "offices are over."
Royal Bank of Canada, which is one of the largest employers in the country, sent an internal memo to employees this week with statements like these:
“When our teams come together on-site more frequently, we are solving complex problems faster, learning and growing more effectively, and ultimately building deeper connections with one another."
"Without frequent in-person engagement our long-term competitiveness is at risk."
I feel strongly that we are going to continue to see more of this. Current work-from-home arrangements are not at all static. We have not yet reached a post-pandemic equilibrium. That will likely take a few more years.
More flexibility, rather than less, is something we all want, and I don't believe that's going away. But I do believe that for the most productive and congealed teams, the default workplace will remain the office.
At the end of August, our office closed for two weeks so that we could shuffle a bunch of desks around. During that time, we all worked remotely. I spent one week working from home and one week working from Utah. Being in Utah in the summer was, of course, a great treat. Everybody appreciates having more rather than less flexibility in how they structure their workday.
But at the same time, being away from the office reminded me just how much I hate working from home. I hate the onslaught of calls and zooms that ensue when you're not proximate to the people you work with. I hate being distracted by the thought that I should probably do a load of laundry. And importantly, I also find that I have less energy.
One of the ways that extroverts and introverts are often defined is according to where they derive their energy from. The former is said to derive more of their energy from being around other people and the latter is said to derive their energy from being by themselves. Introverts need time to recharge. Of course, most people probably need both of these things. I certainly do.
But I think this is an important consideration as we all debate work-from-home policies. I enjoy being in the office. And I can tell you that our team overwhelmingly does as well. People were starting to get antsy during our two week hiatus. But not everybody feels the same way, which is why I wasn't expecting this (the above) Twitter poll result.
At the time of writing this post there were fewer than 200 responses. But even with limited data points, I was expecting more of a bell curve, with the majority of people doing some sort of hybrid thing. That is not the case here. The results were fairly equal with 5 days a week having a slight edge. My sense is that WFH is continuing to wane.
But I don't know, you tell me: What is your work routine right now and what would you consider optimal?
