Buffalo was home to Mark Twain for two years, 1869-1871, as a partner and writer at The Buffalo Express. While in London in 1897, rumors circulated reporting his illness then death. Subsequently interviewed by a reporter he stated: “The reports of my death are greatly exaggerated.”
We can confidently state the office real estate market IS NOT DEAD. Challenged yes, but very much alive.
80% of communication is “non-verbal.” Body language. Nuances. Ability to see the reactions of people. Video conferences are not as effective as in-person meetings. ADVANTAGE: OFFICE
Social fabric and culture of an organization, not effective if virtual. Risk of attrition? ADVANTAGE: OFFICE
Productivity and quality suffer with less management. ADVANTAGE: OFFICE
Coming: more flexibility; different furniture deployment; measure temperatures of employees, more private offices?
We are social beings therefore BUSINESS can’t essentially be “virtual.”
Landlords and Tenants are in the same boat, both want to stay afloat.
#commercialproperties #cre #buffalo #sior #officerealestate #officetenants #amherst