IDEAS home Printed from https://ideas.repec.org/a/fip/fedkeb/89766.html
   My bibliography  Save this article

Hybrid Officing Will Shift Where People and Businesses Decide to Locate

Author

Listed:
  • Jordan Rappaport

Abstract

Many businesses are likely to shift to hybrid officing following the pandemic, with employees working remotely several days per week. The reduced frequency of commutes and associated decrease in traffic may fuel residential construction in outlying suburbs, especially in the largest metropolitan areas. At the same time, suburban employers may move their offices closer to city centers due to reduced space needs, eased parking constraints, and less frequent commutes.

Suggested Citation

  • Jordan Rappaport, 2021. "Hybrid Officing Will Shift Where People and Businesses Decide to Locate," Economic Bulletin, Federal Reserve Bank of Kansas City, issue February , pages 1-4, February.
    • Handle: RePEc:fip:fedkeb:89766
    as

    Download full text from publisher

    File URL: https://www.kansascityfed.org/documents/7586/eb21rappaport0203.pdf
    File Function: Full text
    Download Restriction: no
    File URL: https://www.kansascityfed.org/research/economic-bulletin/hybrid-officing-will-shift-where-people-businesses-decide-to-locate/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Erik Brynjolfsson & John J. Horton & Adam Ozimek & Daniel Rock & Garima Sharma & Hong-Yi TuYe, 2020. "COVID-19 and Remote Work: An Early Look at US Data," NBER Working Papers 27344, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Molly Boesel & Shu Chen & Frank E. Nothaft, 2021. "Housing preferences during the pandemic: effect on home price, rent, and inflation measurement," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 56(4), pages 200-211, October.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Raymond Hernandez & Elizabeth A. Pyatak & Cheryl L. P. Vigen & Haomiao Jin & Stefan Schneider & Donna Spruijt-Metz & Shawn C. Roll, 2021. "Understanding Worker Well-Being Relative to High-Workload and Recovery Activities across a Whole Day: Pilot Testing an Ecological Momentary Assessment Technique," IJERPH, MDPI, vol. 18(19), pages 1-17, October.
    2. Carlos Díaz & Sebastian Fossati & Nicolás Trajtenberg, 2022. "Stay at home if you can: COVID‐19 stay‐at‐home guidelines and local crime," Journal of Empirical Legal Studies, John Wiley & Sons, vol. 19(4), pages 1067-1113, December.
    3. Louis-Philippe Beland & Abel Brodeur & Taylor Wright, 2020. "COVID-19, Stay-at-Home Orders and Employment: Evidence from CPS Data," Carleton Economic Papers 20-04, Carleton University, Department of Economics, revised 19 May 2020.
    4. Radu Vranceanu & Angela Sutan, 2023. "Should the firm or the employee pay for upskilling? A contract theory approach," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(1), pages 197-207, January.
    5. Sangeeta Gupta & Poonam Devdutt & Urmila Jagadeeswari Itam, 2022. "Centrality of psychological well-being of IT employees during COVID-19 and beyond," DECISION: Official Journal of the Indian Institute of Management Calcutta, Springer;Indian Institute of Management Calcutta, vol. 49(4), pages 365-380, December.
    6. Filippos Petroulakis, 2023. "Task Content and Job Losses in the Great Lockdown," ILR Review, Cornell University, ILR School, vol. 76(3), pages 586-613, May.
    7. Elstner, Steffen & Grimme, Christian & Kecht, Valentin & Lehmann, Robert, 2022. "The diffusion of technological progress in ICT," European Economic Review, Elsevier, vol. 149(C).
    8. Bergeaud, Antonin & Eyméoud, Jean-Benoît & Garcia, Thomas & Henricot, Dorian, 2023. "Working from home and corporate real estate," Regional Science and Urban Economics, Elsevier, vol. 99(C).
    9. Ko, Eun-Jung & Kim, A-Hyun & Kim, Sang-Soo, 2021. "Toward the understanding of the appropriation of ICT-based Smart-work and its impact on performance in organizations," Technological Forecasting and Social Change, Elsevier, vol. 171(C).
    10. Hamish Low & Michaela Benzeval & Jon Burton & Thomas F. Crossley & Paul Fisher & Annette Jäckle & Brendan Read, 2020. "The Idiosyncratic Impact of an Aggregate Shock The Distributional Consequences of COVID-19," Economics Series Working Papers 911, University of Oxford, Department of Economics.
    11. Giorgio Gnecco & Sara Landi & Massimo Riccaboni, 2024. "The emergence of social soft skill needs in the post COVID-19 era," Quality & Quantity: International Journal of Methodology, Springer, vol. 58(1), pages 647-680, February.
    12. Ina Kern & Philip Emmerich & Anna Lübbe, 2023. "How to Enable Trust While Transforming Teamwork from a Face-to-Face to a Virtual Environment in the Context of COVID-19," Central European Business Review, Prague University of Economics and Business, vol. 2023(5), pages 117-149.
    13. Ruud Gerards & Sanne Wetten & Cecile Sambeek, 2021. "New ways of working and intrapreneurial behaviour: the mediating role of transformational leadership and social interaction," Review of Managerial Science, Springer, vol. 15(7), pages 2075-2110, October.
    14. Barrero, Jose Maria & Bloom, Nick & Davis, Steven J., 2020. "Why Working From Home Will Stick," SocArXiv wfdbe, Center for Open Science.
    15. Masayuki Morikawa, 2023. "Productivity dynamics of remote work during the COVID‐19 pandemic," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 62(3), pages 317-331, July.
    16. Nicholas Bloom & Philip Bunn & Paul Mizen & Pawel Smietanka & Gregory Thwaites, 2020. "The Impact of Covid-19 on Productivity," NBER Working Papers 28233, National Bureau of Economic Research, Inc.
    17. Marz, Waldemar & Şen, Suphi, 2022. "Does telecommuting reduce commuting emissions?," Journal of Environmental Economics and Management, Elsevier, vol. 116(C).
    18. Christina Kakderi & Nicos Komninos & Anastasia Panori & Eleni Oikonomaki, 2021. "Next City: Learning from Cities during COVID-19 to Tackle Climate Change," Sustainability, MDPI, vol. 13(6), pages 1-21, March.
    19. Giuseppe Agapito & Chiara Zucco & Mario Cannataro, 2020. "COVID-WAREHOUSE: A Data Warehouse of Italian COVID-19, Pollution, and Climate Data," IJERPH, MDPI, vol. 17(15), pages 1-22, August.
    20. Jesper Akesson & Sam Ashworth-Hayes & Robert Hahn & Robert Metcalfe & Itzhak Rasooly, 2022. "Fatalism, beliefs, and behaviors during the COVID-19 pandemic," Journal of Risk and Uncertainty, Springer, vol. 64(2), pages 147-190, April.

    More about this item

    Keywords

    Remote work; Officing; Metropolitan areas; Housing; COVID-19; Pandemic;
    All these keywords.

    JEL classification:

    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J81 - Labor and Demographic Economics - - Labor Standards - - - Working Conditions

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedkeb:89766. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Zach Kastens (email available below). General contact details of provider: https://edirc.repec.org/data/frbkcus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.