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La transformación del mercado de oficinas e implicaciones sobre el modelo urbano
ESCP Impact Papers (2020)Jaime Luque
ABSTRACT
The Covid-19 crisis has accelerated the digital transformation of companies. In this article, I argue that those “digitizable” jobs that can be done remotely three days per week may reduce the demand for office space by 60% and decrease commuting costs by 15%. As a result, the demand for housing will move away from downtown and new residential developments will include coworking space. I also argue that the office real estate market desperately needs a new health certification and that existing major certifications are not transparent enough in this respect. Finally, I discuss the difficulties to implement a flexible contract that allows tenants to stop their monthly rental payments in case of emergency. The underlying problem is the rigidity of debt that enters in the capital structure of the acquisition or development of an office building.
KEYWORDS
Rent control, Housing affordability
DISCIPLINES
Economics and Urban Studies and Planning
PUBLICATION DATE
June, 2020
CITATION INFORMATION
Jaime Luque. "La transformación del mercado de oficinas e implicaciones sobre el modelo urbano" ESCP Impact Papers Vol. 2020-49-ES (2020)
Available at: http://works.bepress.com/luque/61/
CREATIVE COMMONS LICENSE
Creative Commons License This work is licensed under a Creative Commons CC_BY-NC-ND International License.