Some interesting statistics from this study: Work-from-home (“WFH”) increases in denser cities, with places like Brooklyn, Berkeley and DC near the top of the list.
The top professions for WFH are IT (2.3 days/ week), finance (2.2 days), professional services (2.0 days), and arts and entertainment (1.7 days).
This means that to project future office use, we have to look beyond WFH figures for the workforce as a whole and understand what kinds of people are occupying local buildings. The study also found that the highest WFH figures are for those in their 30s and 40s with young children. It’s going to take a while for investors to catch on to this. If you own an office building in a booming tech city, you might want to sell now.
https://siepr.stanford.edu/publications/working-paper/evolution-working-home?sf179901344=1