(More of a thought provoking thread really, there are no answers yet and may never be, but it's certainly interesting!)
I work, and always have worked in the property management / maintenance game, so I'm fairly inside track when it comes to these kind of developments and discussions. It'll come as no surprise that many companies are feeling the pinch big time at the moment, with some simply not able to afford their rent. I'm not talking about that off licence on the corner, I'm talking about companies renting multiple floors of an office block. Compromises are being made left, right & centre, however the bills have to be paid at the end of the day so many floors are gradually becoming vacant, with no prospect of being rented out again any time soon.
On top of this there's currently an ongoing shift to people working from home as it's not only proven viable, but also much, much cheaper for companies as well as more convenient for workers.
I think it's safe to say that over the last year we've seen a paradigm shift take place which will affect the way we live our lives from now on.
This leaves us with all these empty office blocks and towers, are they going to be refilled with companies? Could these contribute towards the housing shortage and be converted in to flats?
It's certainly an interesting one to watch unfold. I wouldn't be surprised to see many high rise blocks here in London turned in to residences over the next decade, and with EU travel locked down thanks to the Rona and Brexit, we won't have such an influx of people, so demand will stay relatively the same whilst supply begins to grow.
We may even see house prices drop for a bit!
No intentions with this really, just wanted to blurt some thoughts out and see what the collective mind's view on it is.
I work, and always have worked in the property management / maintenance game, so I'm fairly inside track when it comes to these kind of developments and discussions. It'll come as no surprise that many companies are feeling the pinch big time at the moment, with some simply not able to afford their rent. I'm not talking about that off licence on the corner, I'm talking about companies renting multiple floors of an office block. Compromises are being made left, right & centre, however the bills have to be paid at the end of the day so many floors are gradually becoming vacant, with no prospect of being rented out again any time soon.
On top of this there's currently an ongoing shift to people working from home as it's not only proven viable, but also much, much cheaper for companies as well as more convenient for workers.
I think it's safe to say that over the last year we've seen a paradigm shift take place which will affect the way we live our lives from now on.
This leaves us with all these empty office blocks and towers, are they going to be refilled with companies? Could these contribute towards the housing shortage and be converted in to flats?
It's certainly an interesting one to watch unfold. I wouldn't be surprised to see many high rise blocks here in London turned in to residences over the next decade, and with EU travel locked down thanks to the Rona and Brexit, we won't have such an influx of people, so demand will stay relatively the same whilst supply begins to grow.
We may even see house prices drop for a bit!
No intentions with this really, just wanted to blurt some thoughts out and see what the collective mind's view on it is.