McKinsey said cities could adapt to the declining demand for office space by “taking a hybrid approach themselves,” developing multi-use office and retail space and constructing buildings that can be easily adapted to serve different purposes.
So what? The market decides what is needed or not. Business need to stop whining, stop with the silly ‘return to office’ mandates that are killing their productivity and reducing their quality of talent, and adapt.
It’s business. Adapt or die.
socialism for the capitalists, harsh rugged capitalism for the rest of us
Socialize the losses, privatize the gains
Damn rent-seekers
The market decides what is needed or not.
Silly thing. Capitalism only matters when it’s good for business.
Business is risk, highness. Anyone who says different is selling something.
And business is always selling something. They’ll never admit they’re bad for us.
Oh no, more space that could be transformed into housing.
Even though 99% of the work is done (foundation, and structural framework is installed, HVAC is functional, fire alarms and locks all where they need to be) there would be some small changes like installing more showers so we’re told that converting these buildings is unfeasible.
I think that the media pushes that story because rich corporate media people all have millions in real estate that’s artificially propped up by blocking new construction. If we can convert office space, the housing market bubble would pop overnight.
Fingers crossed though, I’d love to get a downtown apartment, and my city is full of vacant office space.
Seriously… I don’t care if I had to use a communal bathroom as long as there was an agreed upon cleaning plan. Hell, it could continue to be office cleaning services that get paid by a tenant fund for all I care. Keep them employed in some capacity, why not.
Having ten apartments on one floor requires less toilets and plumbing than having 100 people working on one floor.
Installing a bathroom is easy. Installing ten bathrooms is easy.
These buildings aren’t being converted because it’s impossible to do or because living conditions would be harsh if they were converted - these buildings aren’t being converted because people calling the shots don’t want to miss out on those fat profits they’re still hoping to make.
I agree. My comment was more to imply, “I don’t even care if they convert it, just let it happen.”
Some buildings already have showers and shitty gyms, too. Some even have full kitchens already. Some are logistically fully livable as-is, maybe with with very minor tweaks and some compromises on living style.
If some buildings are THAT close to fully usable, it’s obviously bullshit to say it’s not a viable solution. It wouldn’t solve all problems, but no solution solves all problems.
(also it’s not like office buildings are fucking DESIGNED to be easily remodeled or something…)
My guess is that developers don’t think enough people would accept a communal bathroom for it to be profitable. It’s also possible they don’t think low income people are deserving of housing, so they won’t spend money to benefit them.
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A more serious problem than getting per-unit plumbing into buildings is the fact that commercial real estate is designed fundamentally differently than residential - as in the fact that there’s a large amount of interior space which would be entirely without windows. This is often illegal, but even if permitted it’s quite undesirable. Just look at what happened to Munger Hall - it was considered cruel enough that they cancelled the plans for it.
99% Invisible did a great episode on this subject which I highly recommend that you listen to: https://99percentinvisible.org/episode/office-space/
Modular bathrooms and cabins are easily manufactured and easy to install in an open plan area that is stripped back.
Same as the ones used in ships.
https://cruiseshipinteriors-expo.com/prefab-cabin-design-in-cruise/
These are flash cruise ship ones but much simpler bathroom and cabin arrangements are available for commercial shipping.
It would be straight forward to strip down an open plan office. Do a 3D laser scan. Do some algorithms ….then cram as many prefabricated modules in as the HVAC and plumbing allows.
Less traffic and pollution 😔
What about how much pollution, stress, accidents leading to insurance claims, that will eventually be saved by not having millions drive and live in traffic everyday?
What about that McKinsey?
We don’t care about that because that doesn’t make rich companies happy.
McKinsey is a bastard man
Oh no. Anyway
Won’t you think of the long term consequences?! Something like twelve yachts might never get built now! And that one yacht company’s CEO might have to pull the ripcord on his golden parachute!
Ok so for the pros of working from home that’s:
- lower demand for prime real estate downtown
- less environmental impact due to daily commutes
- less employee time wasted due to daily commutes
- more comfortable and familiar work environments
- less business overhead associated with running a permanent office
- more reasons to do company events or retreats in interesting environments
- better accesses to a broader pool of talent
- more/cheaper housing options for people to live outside of cities
- less traffic and traffic accidents, with lower demand for cars and parking in city centers
But let’s not forget the big cons of work from home too!
- your inferiority complex-having superviser/boss/manager doesn’t get to feel powerful and important by performing workplace theater while breathing down your neck constantly or counting your keystrokes.
- you don’t have to pretend to like the people you work with every day, but only some days.
Another con to add to your last paragraph. Acting skills will dip, dashing the hopes of some Apple employees that wanted a part to the snuff film… Rust 2.
Of course it could. I guarantee if you look at all the “return to work or else” CEOs they are all heavily invested in commercial real estate.
They could use them for retail or…they could re-zone these areas for residential housing and reduce the cost of renting or buying a home, but that would make too much sense.
Rezone to multi-use zoning. Brownstones are a good way to build cities.
I would imagine there are a lot of challenges around converting high rise commercial buildings into housing. Many buildings only have a handful of toilets per floor, maybe a few sinks, and no showers. I’m also sure there are no gas lines in many of them (electric heating and cooking might suffice). But for sure, water delivery will be one of the biggest challenges.
Then there are even lame laws regarding parking requirements for a building with so many residents.
I imagine these would end up more like condos that tenements. Maybe 3-5 large units per floor. I dont think the plumbing retrofit would be a huge deal…nor the parking since an office that large would likely have had parking already. Mixes use zoning could lead to some pretty cool buildings potentially. Imagine living in a condonthat had a grocery store and maybe some bars or restaurants on the lower floors.
Imagine living in a condo that had a grocery store and maybe some bars or restaurants on the lower floors.
That’d be pretty cool.
Live on the 10th. Coffee shop on the 5th and groceries on the 12th. A bar on the 15th and a 24h gym (open to anyone gym) on the 3rd.
I wonder how many floors you’d need to convert to residential to support the remaining commercial.
electric heating and cooking might suffice).
It would easily suffice. All these buildings have heating already so that’s no issue, and electric cooking is safer anyways
If they can split old churches into apartments, I’m pretty sure they can do the same to abandoned office buildings.
To be fair, commercial and office spaces often lack a lot of amenities that residential spaces have (lots of access to natural light, sufficient water supply and sewage capacity, etc.) but that will be incredibly dependant on the building for how much that complicates the conversion
sleeping in the street has plenty of natural light. I think you’ll find some people are willing to make the sacrifice.
You can’t turn them into accomodations unless there’s at least one egress window in the bedrooms
I don’t understand why corporates are so against the idea of savings millions of dollar in office spaces. More people working remotely mean smaller office required, cut on office supplies and utilities bills. Higher employees moral, motivation, and productivity.
What are so bad about all that? Just because the boss can’t spy on their employees and assert their authority ?
The guy next to them in the circle jerk is a commerical real estate Holder and they don’t want they dick goin soft
Just because the boss can’t spy on their employees
Even this is no longer a valid justification. Activity monitoring software installed on companay provided computing devices used by remote employees has been around for a while and is gaining in popularity. They don’t even need physical presence to spy on employees.
So, its even more confusing why corporations are so against the idea of remote work.
Yea that software means a hard pass from me taking a job offer.
It demonstrates a fundamental lack of trust unless they are gonna let me spy on everyone above me on the ladder as well.
Sunk cost fallacy. They have the space, and dammit, they need to use it. This will continue for the next few years when the leases begin to expire.
Definitely true for the company I work for. They own the buildings. Great idea when people can’t in an the time. No dealing with lease increases and other landlord BS. Not so great when everyone is WFH and is difficult to sell.
I had to look at that twice to get it… well done!
And this is exactly why board rooms are demanding a return to office. The wealthy people who run companies are invested in commercial real estate.
Insert the “it’s free real estate” meme here
Damn you. Take your upvote and get out. 😆
He got that lemmy gold
There is no value lost unless you’re an owner being forced to sell. Employment space is not worth anywhere near what the value of housing is. Call this what it is, a market correction.
I see this as an absolute win
“So yeah, if all you peasants could get back in the office, that’d be greeeeeeat.”
That’s right all the money and time we’ve all spent on commutes was a subsidy for commercial real estate out of our pockets.
I never thought about that way …. but yes that makes total sense.
