A Need For More Office Space Post-COVID?

Eric Schmidt

Eric Schmidt, former CEO of Google, believes there will be a greater demand for office space after the COVID pandemic. He explains the need for social distancing within offices will create a desire for more space, contradicting widespread predictions of declining office space.

Schmidt, who appeared on “Face the Nation“, also believes global megacities’ densities will change as employees’ concerns effect where they are doing their business. “We’ve had this situation where people move to supercities in these incredibly concentrated ways. That will change in the next few years. You don’t need to be in the supercity in order to participate in the excitement of these supercities.”

“We’re going to have to think about hub-and-spoke systems where local people don’t travel so far because they don’t want to be in public transit for so long. So we’re going to have to really rethink how businesses operate. They need their employees back.” said Schmidt.

To read the full article in Business Insider, click here.