Dr. Gleb Tsipursky – The Office Whisperer
Cat Johnson – Coworking Marketing Maven
Angela Howard – Culture Expert
Drew Jones – Design & Innovation
Andrea Pirrotti-Dranchak – Competitive Advantage
Jonathan Price – CRE & Flex Expert
Jeremy Fennema – Tech Innovation Alchemist
Remote working has threatened how workplaces in Silicon Valley look. For years, technology companies have fully invested in creating workspaces that are highly amenitized to retain top talent and keep workers engaged.
However, companies like Reddit and Yahoo have become more flexible arrangements in the past few years. Now that most tech businesses have been forced to adopt remote working, workers are leaving the Bay Area in search of cities that have a lower cost of living.
Susan Wachter, a professor of real estate and finance at the University of Pennsylvania’s Wharton School, believes that the transition to a more remote workforce allows tech companies to expand their hiring and growth.
“It was nearly impossible to get young talented people to join the workforce at wages that could cover those prices,” said Wachter.
By adopting remote working arrangements, Silicon Valley has the ability to expand its size not in terms of geography, but in networking. Wachter anticipates that this will create “neighborhood nodes” where workers can congregate across the West Coast. However, Silicon Valley will remain the hub.
While this move could potentially hinder creating meaningful connections and relationships with colleagues, workers may finally find an affordable place to live.
