Blackstone CEO Schwarzman Says Remote Workers Don't Work as Hard

The video discusses the impact of the pandemic on work habits, highlighting how remote work became more profitable for individuals due to reduced commuting and other expenses. It provides statistics on the US office market, noting a significant percentage of unused office space. The video predicts that as leases expire, companies will reduce their office space, leading to economic challenges for older office buildings, while newer ones remain in demand.

What is one reason people found working from home more profitable during the pandemic?

• They worked fewer hours.

• They received higher salaries.

• They saved on commuting costs.

• They had more leisure time.

What percentage of office spaces in the US are leased but not used?

• 30%

• 40%

• 20%

• 10%

What is the expected trend for office space usage when leases expire?

• Companies will move to older buildings.

• Companies will maintain the same amount of space.

• Companies will reduce their office space.

• Companies will increase their office space.

Why are newer office buildings more appealing to workers?

• They offer more amenities.

• They are less than 10 years old.

• They are located in better areas.

• They have lower rent.

What is the potential outcome for older office buildings with high vacancy rates?

• They will become more popular.

• They will be renovated.

• They will face economic challenges.

• They will be converted into residential spaces.