Remote workers have a new found flexibility
Can you remember three months ago? In just 90 days, things have changed dramatically. Just 90 days. Yet, in that short amount of time, the way we think about where we live and how we live has completely changed.
In the latter part of those 90 days, I have heard from many people that the pandemic has forced their hand and has actually inspired investment in new technology or motivated a change in operations. These changes are adding up to huge impacts.
One of the big changes is the work-from-home policy. What started as a way to keep employees safe at home is now turning into the most popular work trend across the country, inspiring companies everywhere to step away from very large real estate construction projects and lease deals.
When office real estate is expensive and the country is facing an economic meltdown, and a work-from-home trend falls from the sky, it would be silly not to take it, right?
This Margins article reports that 40% of all venture capital funding in Silicon Valley actually goes to landlords instead of product development, and admits that even though it’s a big number, it is probably very conservative.