![]() ![]() And it’s not necessarily an office.Įager to shed full-time office space they aren’t using in favor of more flexible leases to save costs, bosses are giving employees the option to rent co-working spaces by the hour, by the day or on a recurring basis. That means these companies and workers need a place to meet. ![]() ![]() Many workers still want to see colleagues and managers in person and have found that some parts of their jobs, such as mentoring, can’t be performed as well via video calls.Įven for small startups and fully remote teams, the norm is to meet regularly, typically every one or two months, Bloom said.Īround 70% of fully remote employees meet their co-workers at least once a year, and 45% at least once a month, the survey shows. Younger workers say full-time remote work can be isolating. The overall average number of paid days worked from home in June was 1.4 per week - 28% of the work week - according to the monthly Survey of Working Arrangements and Attitudes, which Bloom and other researchers have conducted since May 2020.īut while more people are working from home, the majority of employees do not want to stay home every day, particularly younger workers.Īmong workers ages 20-29, 76% say they do not want full-time remote work, while 71% of workers ages 30-39 say they do not want full-time remote work, according to the survey. The pandemic permanently increased work from home, equivalent to almost 40 years of growth at the pre-pandemic pace, according to research from Nicholas Bloom, an economist at Stanford University. “Co-working spaces are coming in all flavors.” The team does not need meet to meet in the downtown office anymore,” said Prithwiraj Choudhury, an associate professor at Harvard Business School who studies work patterns and geography. These changes are remaking the economy and real estate, boosting the fortunes of some urban areas in the Sun Belt while hurting other business districts in San Francisco, Chicago and New York. The shift is being driven by the rise in hybrid work, shifts in where people live and employers seeking to lower their office costs. ![]()
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