Remote Work Is Here to Stay: Graceada

NTD Newsroom
By NTD Newsroom
January 18, 2021Trending

The big city flight continues—as millenials and generation Z work remotely. Young professionals prefer to live in smaller cities and buy their own homes.

Real estate firm Graceada Partners says employees and their workplaces experienced a never-before-seen untethering in 2020. Remote work is no longer an exception to the rule: it’s now the rule. Graceada says that downtown high-rises will lose 10-15 percent of their value. People are concerned about being in a high-rise during the COVID era—a factor that also lessens the need for a big, central company headquarters.

And he says employees now have a stronger position to negotiate remote work arrangements. He says it’s likely that companies will come up with a mixed model—where many employees only have to show up at the headquarters once a week. And the rest of the week, they can work from home or a branch office.

ntd newsletter icon
Sign up for NTD Daily
What you need to know, summarized in one email.
Stay informed with accurate news you can trust.
By registering for the newsletter, you agree to the Privacy Policy.