Goodbye to the office – Boston condo buyers want office space at home
A new survey from Zillow found a majority of Bostom condos buyers say they’ll consider a move to a home with more space if working remotely becomes a long-term reality.
Boston condo owners rearranging their living space
A third of respondents in a recent Zillow survey report working from a home currently, with some transferring rooms into office space such as a living room, dining room, or bedrooms. Working out of a shared space that’s not designed to support long hours in front of a computer can bring distractions and other frustrations – especially as open-concept layouts have soared in popularity in the past few years – suddenly putting a premium on a quiet, separated workspace.
For that reason, additional Zillow survey data shows most Americans working from home due to COVID-19 are reimagining what they want in a Boston condo for sale and would ultimately consider moving if given the flexibility to continue working remotely after the pandemic subsides.
Zillow search traffic trends seem to back up these results. Many Americans appear to be considering a move for a home with their desired features, as Zillow traffic on for-sale listings was up almost 50% from last year in mid-May, but location preferences do not appear to have changed much. The share of those views going to urban, suburban, and rural listings has barely changed since last year.
Boston Real Estate and the Bottom Line
If we were starting this whole office thing today, it’s inconceivable we’d pay the rent/time/commuting cost to get what we get. I think in ten years the TV show ‘The Office’ will be seen as a quaint antique.
When you need to have a meeting, have a meeting. When you need to collaborate, collaborate. The rest of the time, do the work, wherever you like.
The gain in speed, productivity, and happiness is massive.
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