Zell: Some Office Space Inventory Is Obsolete

The transcript discusses the impact of remote work on office space demand in the U.S., highlighting that some office spaces are obsolete. Despite an oversupplied market, new buildings are in demand. The speaker emphasizes the importance of in-person communication for business success and encourages employees to return to the office.

What is the speaker's initial question regarding remote work and office space?

• The impact of remote work on employee productivity

• Whether remote work will increase the need for office space

• If remote work will decrease the need for office space

• How remote work will affect office space design

Why does the speaker believe the question about office space demand is too simplistic?

• Because it ignores the quality of existing office spaces

• Because it assumes all office spaces are the same

• Because it doesn't consider remote work policies

• Because it overlooks the role of technology

What does the speaker suggest about new office buildings?

• They are in high demand despite an oversupplied market

• They are being converted into residential spaces

• They are less popular than older buildings

• They are mostly empty due to remote work

According to the speaker, what is crucial for business success?

• Remote work flexibility

• In-person communication and idea-sharing

• Advanced technology and automation

• Cost-cutting measures

What action has the speaker's company taken regarding office work?

• They have implemented a hybrid work model

• They have fully embraced remote work

• They have encouraged employees to return to the office

• They have downsized their office space