Offices still play a crucial role

摘要

Having been around the block a few times I am always aware that, as Bob Dylan put it, "The times they are a changin'". On this basis, in my January board paper, before Covid-19 was on the horizon, I challenged myself and the Helical board to address whether offices might suffer the same dramatic falls in value being seen in retail. We concluded that conditions in the two markets were different. Then the dreadful Covid-19 arrived and at the end of March we were all forced to work from home. By the end of April, the view among some business leaders was that the office had become superfluous as they could run their organisations from the comfort of their well-equipped study in their big house.