Office buildings are having an existential crisis — and it's not just work from home

This week on DowntoBusiness, Steven Paynter, a principal in Toronto at Gensler, the largest architectural and interior design firm in the world, spoke about the future of the office building — via financialpost podcast RealEstate Economy

This week on Down to Business, Steven Paynter, a principal in Toronto at Gensler, the largest architectural and interior design firm in the world, spoke about the future of the office building.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails.

Such conversions may help cities kill two birds with one stone — that is add more housing while helping offset some of the costs of empty office buildings, which deprive them of tax revenue, hurt local retail and have many other deleterious effects. But Paynter also said that the office building suffers from a series of woes, and the reasons that many buildings are empty aren’t going away immediately. As always the interview is edited for clarity and brevity.Article content

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Office buildings are having an existential crisis — and it's not just work from homeOffice buildings have faced high vacancy rates for years, and the rise of work from home arrangements just amplified the crisis. Read on
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Office buildings are having an existential crisis — and it's not just work from homeThis week on DowntoBusiness, Steven Paynter, a principal in Toronto at Gensler, the largest architectural and interior design firm in the world, spoke about the future of the office building — via financialpost podcast RealEstate Economy
Read more »