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Author Topic: Covid-19 , what's your story ?  (Read 10613 times)

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Re: Covid-19 , what's your story ?
« on: April 07, 2020, 02:49:42 pm »
I have been to my office just once in the last 3 weeks. I went in at 7:15 am, got together what I needed to keep working from home and was out the door before 8:00 am. The regular co-workers usually show en mass from 8:15 to 9:00 am. Things may be very different going forward. I work for UBS Financial Services and they just nearly seamlessly transitioned form 7,000 people coming to offices daily in the U.S. to an average of about 450 people in daily attendance. I have a feeling that every major institution that just made this transition will take a long hard look at their real estate costs and ask themselves why are we paying for all this prime real estate when we might do just fine with half of what we support right now. My point is many of the office jobs have, in a few weeks, been successfully moved to employee's homes. It may very well be the next major trend. I would not want to be an owner of prime office buildings in major cities right now.