People thought WFH would be the death of NYC... but apartment rents are at all time highs. What the data show is that a

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Aug 15, 2022
9:12:10am

HarlemCoug Free to change my mind

People thought WFH would be the death of NYC... but apartment rents are at all time highs. What the data show is that a

person in a city like Tulsa who has a high paying job and can WFH is more likely to keep that job and move to NYC to live than the reverse (a person in NYC with a high paying job choosing to move to a city like Tulsa where life is cheaper). Obviously, there are people in both groups but it seems clear that there are mover moving in from Tulsa than are moving out to Tulsa.

It's a pretty wild phenomenon. Office space utilization in NYC is 40% right now, yet apartment rents are going crazy.

This message has been modified

Originally posted on Aug 15, 2022 at 9:12:10am

Message modified by HarlemCoug on Aug 15, 2022 at 9:14:26am

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HarlemCoug

Previous username: Big12
Bio page: HarlemCoug
Joined: Sep 8, 2014
Last login: Apr 24, 2024
Total posts: 32,173 (4,010 FO)

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Messages

Author

Time

A few observations from WFH and hybrid over the last 2.5 years...

macdizzle

8/15/22 8:50am

What has it done to your CB activity?

garyfan

8/15/22 8:52am

I don't think it's changed it. I have an unhealthy addiction pre and post WFH

macdizzle

8/15/22 8:54am

I've read a few studies that indicate productivity for most workers saw

Cougarclaw

8/15/22 8:57am

WFH has made my efficiency decrease. I think my productivity is roughly the same

tacocat

8/15/22 9:04am

I think you are in the minority on the productivity piece. So much slacking

Iman23

8/15/22 8:58am

This. I think a lot of people think they are more productive but

stlcougs

8/15/22 9:01am

I don’t think it’s so much about wasted time, it’s about wasted energy.

stenso

8/15/22 9:05am

Probably depends largely on the type of role you have in your organization

kccougar

8/15/22 9:02am

I can see this as a problem for some depts. I’m in sales so quota attainment is

maxpowers

8/15/22 9:05am

My observations have been the exact same.

stenso

8/15/22 9:02am

Same. I was at a place before and they were completely anti-WFH. Covid

maxpowers

8/15/22 9:04am

Hybrid is probably the best way to go. But I’m sure if given the option many

Powerbait DPM

8/15/22 9:05am

I think front line workers are generally fine or better in WFH. I think the

The Pope

8/15/22 9:06am

I honestly think WFH has brought to light management and executives who are weak with communicating goals, setting

specsauce

8/15/22 9:11am

I think WFH is a lot like remote schooling. It works well when set up correctly

fbguru

8/15/22 9:06am

I think it is highly variable.

Joe Banks

8/15/22 9:07am

For my company, we won’t ever go back to 100% in office. It will be Hybrid going forward. Either 3 at home 2 in office,

specsauce

8/15/22 9:07am

Hybrid feels like the best option right now for all the reasons you list

OyajiCoug

8/15/22 9:08am

I don't mind working late at home. It sucked at the office.

ochobeeguy

8/15/22 9:09am

People thought WFH would be the death of NYC... but apartment rents are at all time highs. What the data show is that a

HarlemCoug

8/15/22 9:12am

Could it become viable to convert office space to apartments?

hamaca

8/15/22 9:20am

Yes - it will certainly happen. The problem for most office buildings right now is that they are partly occupied and

HarlemCoug

8/15/22 9:27am

The other problem is that Mayor Adams, for a variety of reasons, is a huge proponent of getting workers back

TCuz

8/15/22 9:31am

Very cool.

hamaca

8/15/22 9:33am

About productivity at WFH: I think there are MANY who take advantage of it. BUT

macdizzle

8/15/22 9:26am

Yeah the "work just to work" mindset needs some tweaking.

sidsie716

8/15/22 9:32am

I just know a good portion of my WFH constituents are never available for chat

mudpupper

8/15/22 9:29am

I keep seeing articles about CEOs of huge companies saying WFH is bad for

Great38

8/15/22 10:25am

Better for the individual from a sort term enjoyment standpoint is not the same

Fdnman

8/15/22 5:22pm

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