It’s going to be the other way around. The private sector is going to migrate to 100% work-from-home operations as leases come up for renewal and companies save tons of money by downsizing their office space. Government workers will be forced back to the office because: (1) the employer doesn’t care about the cost of the space, and (2) they are going to face political pressure to save this nation’s urban dumps.
I agree with both of your points, but this one especially. It's going to be a competitive advantage for a company NOT to have a burdensome financial commitment to some aging piece of real estate. If the workers are at home, it's easier to make the bottomline and turn a profit. The company that tries to hold on to the skyscraper is going to have real uphill struggle to make a profit. It's not rocket science.
As I stated on another post, many of my customers are paying for logo to be on the outside of the building but, in 2025...The end.
They are just going to continue to work from home and they don’t care if their employees are on a cruise ship, so long as their complete their tasks.
Bankruptcies will skyrocket in the beginning of 2025 and continue for years as the courts will be backlogged and more companies figure they can work from home and newer companies just never have an office.