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London Skyscrapers Face An Uncertain Covid Future
Welcome to the Elevator World News Podcast. Today’s podcast news podcast is sponsored by elevatorbooks.com: www.elevatorbooks.com
LONDON SKYSCRAPERS FACE AN UNCERTAIN COVID FUTURE
With many large corporations realizing working remotely saves money and doesn’t reduce productivity, office skyscrapers in London — both existing and planned — face an uncertain future in the COVID-19 era, The Guardian reports. Firms are downsizing or giving up their in-office staff, including insurer Lloyds of London, which closed its underwriting room in London’s Square Mile in March for the first time in more than 300 years. Lloyd’s plans to reopen it in August, but at only a fraction of capacity. Deloitte consultants predict office tower construction delays of up to six months, with completions scheduled for this year pushed to 2021. Observing that “behavioral science is unique to [the COVID-19] crisis,” Mat Oakley of property firm Savills says he is confident London’s office market will bounce back. The only question is when.
Image credit: courtesy by My pictures are CCO from Pixabay
To read the full transcript of today's podcast, visit: elevatorworld.com/news
Subscribe to the Podcast: iTunes │ Google Play | SoundCloud │ Stitcher │ TuneIn
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By Elevator World
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Welcome to the Elevator World News Podcast. Today’s podcast news podcast is sponsored by elevatorbooks.com: www.elevatorbooks.com
LONDON SKYSCRAPERS FACE AN UNCERTAIN COVID FUTURE
With many large corporations realizing working remotely saves money and doesn’t reduce productivity, office skyscrapers in London — both existing and planned — face an uncertain future in the COVID-19 era, The Guardian reports. Firms are downsizing or giving up their in-office staff, including insurer Lloyds of London, which closed its underwriting room in London’s Square Mile in March for the first time in more than 300 years. Lloyd’s plans to reopen it in August, but at only a fraction of capacity. Deloitte consultants predict office tower construction delays of up to six months, with completions scheduled for this year pushed to 2021. Observing that “behavioral science is unique to [the COVID-19] crisis,” Mat Oakley of property firm Savills says he is confident London’s office market will bounce back. The only question is when.
Image credit: courtesy by My pictures are CCO from Pixabay
To read the full transcript of today's podcast, visit: elevatorworld.com/news
Subscribe to the Podcast: iTunes │ Google Play | SoundCloud │ Stitcher │ TuneIn