Cloo
Banana for scale
Absolutely - been reading/going to a lot of webinars about this, as I edit a journal for a real estate professional body. From what I see, we are going to get a lot more flex space; no one is expecting to go back into office every day; landlords are actually being quite cooperative at the mo as honestly if it's between 'Lose tenant because they can't pay 100% of their rent, then try to find another one in utterly borked market' or 'Keep hold of your tenant at a low turnover-based rent until things improve', the latter clearly makes more sense; more 'mixed use' developments incorporating a mix of everything and people maybe being more open to independent retail/hospitality tenants to make things more interesting and attractive.gonna be fascinating how this plays out.
Various polls suggest occupiers looking at dropping between 15-40% of their space when they can, so a big change there.
My office was already little used Monday and Friday - we're in an unusual position of actually owning our London HQ, there's lots of rumbles about whether they may sell and lease it back (or some of it), as it'd be an asset with a lot of cachet for an investor with deep pockets.