baldchap wrote:Lots of interesting viewpoints from both sides
One thing that strikes me, is that those commenting on the benefits of working from home (as I would love to), are probably professionals or middle management level and above.
Probably have a home office, more advanced in years, a bit of work ethic or skin in the game, and a family.
What about the lower level, usually younger worker? You could say that all call centre workers could work from home for example.
However, stories from the wife who worked in one about 15 years back, give the impression of a poorly paid and unmotivated workforce with a high level of absenteeism & 'sickness' that needed to be actively managed.
Time will tell.
I am jumping into this which is not usually a good idea but my daughter, her husband and now granddaughter are all working from home and it seems to work well if a bit cramped. My daughter is a trainer in a call centre and granddaughter is about to be a bod in the same call centre and plans to work from her Uni flat in the coming months. My daughter reckons that the call centre office has been empty and virtually unmanned since the end of March and she doubts that it will ever be fully manned again. They are able to give 24/7 cover to incoming public calls working from home and training courses can be done online via Zoom. Amazing what can be done. How long do you really think that an employer is going to leave a whole office building empty? The future for REITS seems to me to be with the SEGRO model, very large sheds to cater for e commerce.
Presumably there will still be a need for office buildings. For instance said son in law is likely to be working one week at home, the other in the office and that way the employer can maintain the current premises and accommodate social distancing, but if social distancing can be removed it is likely that some form of home working will continue and much less office space could be required.
I do not know how this would impact on Regional REIT though.