Twitter CEO Jack Dorsey recently informed employees that they will be allowed to work from home permanently, even after the COVID-19 pandemic subsides.
The move may be a harbinger of a new corporate mindset resulting from the pandemic. It doesn’t bode well for the commercial office market, some observers say.
The new normal for office space could become virtual, with companies retaining just a scaled-down home base dedicated to important meetings with clients and recruits. Prior to the pandemic, leased or company-owned offices may have been iconic buildings that bolstered the brand and prominence in the areas they occupied.
After the pandemic, office space may be viewed as an expensive budget line item that could be trimmed with little impact on operations. Many businesses, even those requiring high data security such as financial services firms, have made necessary investments in virtual infrastructure during the virus lockdown. The result has been a true distributed workforce that in some cases has been more productive.
Related Stories
| Jun 21, 2012
Brazilian engineering/construction firm Odebrecht sues Florida over ban on companies doing business in Cuba
Odebrecht Construction Inc., a Brazilian engineering and construction company, is suing the State of Florida over a new law that bans governments from hiring companies with business ties to Cuba.
| Jun 21, 2012
String of shattered glass balcony panels prompts call for code reform in Ontario
Since last summer, glass balconies have shattered at 13 different buildings in Toronto.
| Jun 21, 2012
California adds window film to building code
California is the first state to add window film into its building code. Window film, a polymer material, offers cost-effective energy savings.
| Jun 21, 2012
New ISO standard to improve environmental management of concrete
A new ISO standard will help the construction industry better manage the environmental impacts of concrete.
| Jun 21, 2012
On net-zero projects, Building Teams will be held accountable for energy-efficiency performance
The building team will be held accountable for how net-zero energy buildings perform two, five, and maybe ten years after completion.
| Jun 14, 2012
USGBC co-founder launches rating system for building product manufacturers
U.S. Green Building Council co-founder David Gottfried’s new venture, Regenerative Ventures, has established a rating system for building product manufacturers.
| Jun 14, 2012
Green standard set for single-ply roofing membrane
A sustainability standard has been established for single-ply roofing membranes used on commercial buildings.
| Jun 14, 2012
Minnesota Vikings stadium plan gets legislative go-ahead
Legislation that approved the construction of a new billion dollar stadium for the Minnesota Vikings passed the Minnesota legislature.
| Jun 14, 2012
Report alleges New York’s prevailing construction wages are miscalculated, costing billions
A miscalculation in how prevailing wages are calculated in New York reportedly costs the state $3 billion a year in public-infrastructure projects.
