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1. Buildings last a long time. Inherently you will see a lot of old buildings compared to new. Specifically when those buildings are designed to last and have f

1. Buildings last a long time. Inherently you will see a lot of old buildings compared to new. Specifically when those buildings are designed to last and have full time engineering/maintenance staff. 2. Density has become less important over the years. Inexpensive worldwide transportation, and instant communication means you don't need some huge office building HQ. Instead you can have a collection of cheaper office parks distributed over several cities. 3. Skyscrapers are still built regularly, but only where demand justifies their construction.

galdosdi 10y ago
And yet often one of those office parks will be the one that executive management works in, and everyone who wants to get ahead in their career will prefer to work in that one. And everyone who wants to do business with your company will want to go visit that office. Etc. There is still a huge value to proximity. Sure, you can replace talking formally about a work problem in person with teleconference. You know what you can't replace with teleconference? Going out for lunch. Going out for drinks. Running into someone. The "vague" social schmoozing which is officially not important but in practice can be when all kinds of things get done, informally.