Office space to be turned in to living spaceI predict a lot of vacant office space over the next 12-18 months. Companies are beginning to realise that the advantages of home working over costs of lease/rental are considerable. Even to the degree of staggered home working- office based so reduced floor space and admin requirements whilst maintaining the team work contact.
I was in conversation with an MD of electronics manufacturer last week who has realised that he has been wasting two hours a day commuting and estimates that he probably lost 20% of his time on office chat-niceties. He also stated that all of his internal sales and purchasing teams were being more productive in their home working.