This should be a textbook case of good management and taught all over the place.
Instead, we now allow working from home whenever anyone wants to - some people do it frequently, some don't. So maybe asking the question is good, but I'm not sure everyone would like it if such a move were mandated.
Yikes. Sounds like great timing too.
The vast majority of people who just work in an office, don't necessarily need to be in that specific office to do it.
We never ended up going back to offices after that.
Raising the rent annually on a multi-year lease. That is one lasting way that an investor can make money in a low or zero-interest rate (ZIR) economic environment.
Commercial vacancy rates are crazy-low:
> 7.3 million sq. ft. of downtown office space is currently under construction, and 62.3% of that new inventory has been pre-leased
> There’s 9.6 million square feet of office space under construction downtown, according to the report, and 57 per cent of that was pre-leased at the end of the first quarter. That number has now surpassed 70 per cent with the two deals noted above.
If the tenant shrinks headcount, they can sublet a portion or move to a smaller space and sublet the whole thing. If the tenant is growing their business faster than the rent increases, it doesn't hurt. And at the end of the lease, everything is re-negotiable again.
I mean, that's pretty nuts to sign up for in the first place as a commercial office lease. Unless you're in an incredibly hot area and really have no choice operationally but to acquire office space in a class A tower in a major downtown. In commercial telecom leases a common escalator is to peg things to the consumer price index, or 2.5 percent.
Home office: I like it for myself but many of our staff would hate it. I also like to have in person meetings at least a couple of times/week with major collaborators where we can site together and look at a screen together and have eye contact and read more subtle signals.
It's a little sad how refreshing that is to hear.
not scared at all ...
but he does have a point ...
(Asking because such companies are also useful for individuals.)
For UK specifically I've been using ScanMyPost which comes out to even less per year and is run by the same people that keep track of your credit score (and potential fraud) and I'd trust them even more.
No one has any idea how long this cycle can go. Australia hasn’t had a recession in 28 years. The rule of thumb is that unless you predicted the expansion would last this long you don’t get to predict when or how it will end. Which means basically no one gets to predict when or how it will end.
For many tech jobs, a remote workforce is a benefit. Technical Operations staff distributed? Great, it means someone is more likely to be awake and monitoring things - heck of a lot faster response time then the ol "It's 3am and the pager just went off, I'm groggy, where's my laptop, what's going on?".