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Business Daily

The end of the office?

Business Daily

BBC

Business

4.4796 Ratings

🗓️ 24 August 2023

⏱️ 18 minutes

🧾️ Download transcript

Summary

Many of us started working from home in the coronavirus pandemic - and never went back.

Now, office space in many cities around the world is standing empty. We visit Mumbai, New York and London, where an increase in home working means buildings in business districts standing empty. And Singapore, which seems to be bucking the trend, with demand as high as ever.

We also hear from the CEO of US-based commercial real estate company Remax - are we witnessing the end of the traditional office?

Produced and presented by Alex Bell.

Transcript

Click on a timestamp to play from that location

0:00.0

There were very little representation when it came to people with disabilities.

0:04.6

On the podium is the podcast with Olympians and Paralympians past and present telling their inspirational stories.

0:12.2

We've come so far.

0:13.5

The first person people think of when they think of strength could be a Paralympan.

0:17.5

Listen now by searching for On the Pod podium wherever you get your BBC podcasts.

0:25.5

Are you heading into work today?

0:28.1

I'm Alex Bell, and on today's Business Daily, we'll be finding out why three and a half

0:33.0

years on from the start of the COVID pandemic, many of us still haven't gone back to the office. And we'll

0:39.0

hear about the impact that's having on towns and cities around the world, from London to New York,

0:44.2

Mumbai and Singapore. Vacancies right now are at an all-time high, and a lot of landlords will

0:50.0

decide that it's not worth it. We'll also be hearing what you, the Business Daily audience,

0:54.7

enjoys the most about going into the office. I'll give you a clue. It isn't catching up with your boss.

1:05.8

I've just arrived at the BBC's offices near Manchester in the north of England. It took me the best part

1:12.6

of an hour to get here via public transport. I had to get up early to make lunch and wash my hair,

1:18.6

and to top it all off, it's raining. That said, there's coffee here, and for me, nothing compares

1:24.8

to seeing your co-workers face to face, most of them anyway.

1:29.3

Hey Alex, do you want a tea?

1:30.7

Yeah, I'm actually quite busy. Thanks.

1:33.7

Things are slowly returning to normal here since the pandemic forced many of us to work from home.

1:40.2

But even now, there are high numbers of employees not just here, but everywhere, who choose

1:45.3

to continue to work from home, at least some of the time.

1:49.4

So to find out what that means for the traditional office space, we're going to take a trip

...

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