WHAT! Save this tweet. It is 100% wrong. Really quite extraordinary how far one can misunderstand where real estate is going. Genuinely I cannot believe he said this. https://twitter.com/_tim_burke/status/1258296845652066304

Another agent boss said on a recent webinar that they thought traditional office users might see a drop of 5% in the number of employees coming into the office 5 days a week. 5%! WHAT ARE THESE PEOPLE SMOKING?

Another agent is telling us we will return to the office, but the ‘6ft Office’ and all keep our distance and walk one way around the room. THIS IS BONKERS. The office has nearly zero point if operated like that. It will not happen.

Then I hear that a Canary Wharf based 1000 person financial institution are not expecting to be fully back in their office till next year. Which means THEY WILL BEVER BE FULLY BACK IN THEIR OFFICE. Behaviours will have changed by then.

Come on everyone, get real. The office market is being fundamentally changed. It was happening anyway but this is compressing 10 years change into 12-18 months. Your existing models, workflows, valuations are all broken.

And, short term undoubted pain aside, this is A GOOD THING. Offices are not dead, but bad offices are. And largely the office market is full of bad offices. The customer wants, deserves, and will get, better offices. Make sure you give it to them. Or you will be out of business.