The office, as you know it, is dead

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 Plexiglass, masks, warning signs: Is this the office of the future?

 New York (CNN Business)Bustling skyscrapers and office parks packed with workers could be a relic of the pre-pandemic world.

The health crisis has forced millions of Americans to abandon their offices in favor of working from home, for better or worse. Now there are signs this may not be a short-term phenomenon, but more of a permanent shift in favor of remote work even after a Covid-19 vaccine is in place.

More than two-thirds (68%) of large company CEOs plan to downsize their office space, according to a survey released Tuesday by KPMG.

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These 4 industries are going to die

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We are not going back to our old economy. It’s over.

Right now, something incredibly positive is occurring in our society. It’s never happened before in world history (feel free to correct me if you can find an example).

Every scientist, health leader, politician, teacher, business leader, family member — everyone — is converging to solve one problem.

That’s incredibly powerful and gives me immense hope for our future.

In addition, I believe 3 factors will emerge going forward: convergence, disruption, and opportunity.

I’m seeing 2 convergences related to the American consumer that will have a massive effect on your business:

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Co-working spaces pose threat to commercial real estate market, Fed official says

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LaunchBio CEO Joan Siefert Rose leads a tour of life sciences co-working lab, BioLabs NC.

The growing popularity of co-working spaces like WeWork could pose a risk to the US economy in the next economic downturn, a Fed official warned on Friday.

Boston Federal Reserve Bank President Eric Rosengren, who has publicly dissented with the Fed’s recent interest rate cuts, said lower rates will boost risk in “unexpected places.”

“Evolving market models, along with low interest rates, are creating a new type of potential financial stability risk in commercial real estate,” he said at an event in New York City. “One such market model is the development of co-working spaces in many major urban office markets.”

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