My husband has been WFH since March 2020; his employer recently totally gave up their city centre base when the lease came up for renewal.
Clients are still seeking teams meetings rather than face to face and there hasn’t been any drop in productivity since sending everyone home with a laptop, so from a business perspective it made no sense to keep it on.
They have an out of town industrial park type base for the limited jobs that can’t be WFH.
My husband has saved a small fortune and our lifestyle has changed a lot. He used to spend £80 a month on his public transport ticket, would eat lunch out half the days, and I would regularly meet him to grab dinner in town after work.
We now go sometimes months between visits to town. We spend our money in a different way- we order more online even compared to dropping into a city centre shop.
When we recently had a day off we travelled into town to have lunch, and you can clearly still see the effects of everyone WFH. His old office block now has multiple floors visibly empty. Shops have closed. The only place with a queue still is Greggs. You get a seat on public transport!
We are the some of the pandemic ‘winners’ but it’s not hard to see the losers in retail, hospitality and commercial property.
I obviously have more sympathy with those working in minimum wage jobs in those sectors rather than landlords, but whilst the high st etc was dying off a bit, the pandemic has set off a rapid decline.
Meanwhile though it’s great locally in our suburb-local restaurants and cafes are doing really well and more places opening up as people are around to spend their money there.
It’s a big cultural shift and there will be those invested on both sides.
Of course from our perspective it’s great- but it’s also changed the way we will probably move in future too now he is going to be remote working for potentially years to come. We have given up a bedroom to be an office, but also don’t really need the great proximity to public transport anymore. We will probably move further out of the city to get a house with more bedrooms.
Not all jobs but many WFH jobs are the preserve of the well educated and middle classes. One could argue it opens a divide where people on minimum wage are still having to pay for public transport etc whilst those earning more are at home saving on those costs.
You need childcare no matter what of course. I would argue if they want people back in the city centre offices companies in general are going to have to offer more flexitime to entice people in.