4 ms·

I would love to see stats on where these companies are moving to. Are many of them transitioning into remote teams? Did some go out of business? Are they moving

by 20years 11y ago

I would love to see stats on where these companies are moving to. Are many of them transitioning into remote teams? Did some go out of business? Are they moving elsewhere? Does anyone have stats on this? New business formations are on the decline (http://www.futurepundit.com/archives/009854.html http://www.futurepundit.com/archives/009854.html) and more businesses are closing shop each year than are forming (http://www.washingtonpost.com/blogs/wonkblog/wp/2014/05/05/u-s-businesses-are-being-destroyed-faster-than-theyre-being-created http://www.washingtonpost.com/blogs/wonkblog/wp/2014/05/05/u...). Are these some of the reasons we are seeing vacant commercial buildings in a lot of areas? "I think, as with many other things, our younger folks are more inclined to be Metro-accessible and more urban" I do believe that to be true. I wonder if some of these can be turned into more modern co-working spaces that can be rented by the desk. Add a coffee shop, gym, etc into them and I think they would appeal to the younger generation, smaller service type businesses and start-ups. Just a thought.

NathanKP 11y ago
> I wonder if some of these can be turned into more modern co-working spaces that can be rented by the desk. It would depend on where the commercial building is. WeWork locations in the city are convenient and fantastic, but even a very, very cool WeWork location with all the bells and whistles wouldn't get me to commute out of the city to some suburban hell. It's just not worth it.
- 20years 11y ago
  Great point! WeWork looks awesome.
Tiktaalik 11y ago
It's hinted at in the article: "This past quarter, Northern Virginia gained more leases than it lost for the first time since 2013, mostly because of the magnetic powers of Metro’s new Silver Line, according to realty company CBRE Group." There's much more demand for commercial properties in transit oriented developments.
- acveilleux 11y ago
  Yep and this hints that a transit strategy is a good way to revitalize some of these development. Especially if the transit line will attract mixed-use and residential developments.
acveilleux 11y ago
You have to get there. Which means jumping in a car and driving on the freeway for a while. I really can't see myself doing that ever. My employer ran out of space in our downtown office and we bought a building out in a suburban area and I flat out told my boss that I'll quit if forced to move there. The quality of life issue for me would've been overwhelming. An extra 2 hours of commute every day so my employer can pay 40% of the rent I cost them downtown? No! I liked my 20 minutes subway and walk commute. In fact, the only people I work with that moved to that boring office park all lived within a 15 minutes drive of it and used to drive in to the downtown office. It's kind of a white elephant, there's room for all the Montreal employees in there but there's really like 60. Quite a few of them hired after the purchase of the building and not given the choice.
- xigency 11y ago
  Where do you live?
  - acveilleux 11y ago
    Now? I remote work, then, Montreal (hochelaga to be precise.)

by 20years 11y ago

NathanKP 11y ago

> I wonder if some of these can be turned into more modern co-working spaces that can be rented by the desk. It would depend on where the commercial building is. WeWork locations in the city are convenient and fantastic, but even a very, very cool WeWork location with all the bells and whistles wouldn't get me to commute out of the city to some suburban hell. It's just not worth it.

20years 11y ago
Great point! WeWork looks awesome.

Tiktaalik 11y ago

It's hinted at in the article: "This past quarter, Northern Virginia gained more leases than it lost for the first time since 2013, mostly because of the magnetic powers of Metro’s new Silver Line, according to realty company CBRE Group." There's much more demand for commercial properties in transit oriented developments.

acveilleux 11y ago
Yep and this hints that a transit strategy is a good way to revitalize some of these development. Especially if the transit line will attract mixed-use and residential developments.

acveilleux 11y ago

You have to get there. Which means jumping in a car and driving on the freeway for a while. I really can't see myself doing that ever. My employer ran out of space in our downtown office and we bought a building out in a suburban area and I flat out told my boss that I'll quit if forced to move there. The quality of life issue for me would've been overwhelming. An extra 2 hours of commute every day so my employer can pay 40% of the rent I cost them downtown? No! I liked my 20 minutes subway and walk commute. In fact, the only people I work with that moved to that boring office park all lived within a 15 minutes drive of it and used to drive in to the downtown office. It's kind of a white elephant, there's room for all the Montreal employees in there but there's really like 60. Quite a few of them hired after the purchase of the building and not given the choice.

xigency 11y ago
Where do you live?
- acveilleux 11y ago
  Now? I remote work, then, Montreal (hochelaga to be precise.)