Out of interest, how many of those chats have been along the lines of "I don't want to return to the office", as opposed to "My employer has made it clear I actually won't be returning to the office".
Split like this:
A few people who already know they are going back to 5 days in the office. Notably they all work for Goldman Sachs or in the London reinsurance market.
More than a few who have said their employer is downsizing office accommodation, and the surveys have gone round saying ‘how many days a week do you expect to be in the office’. I gather HSBC are working on the assumption of needing 40% less office space; of course that doesn’t mean 40% fewer people in on any one day, but even if they crunch up a bit it’s going to be a 20-30% reduction in travel. I’m sure HSBC won’t be the only one.
Quite a few who don’t know but are assuming they will be in less. I agree that people will tend to overestimate their working from home %, but it will still happen of course.
Then a few that are going to permanently work from home, save for the odd day here and there. Either because their employer has agreed they can do so, or because their employer has instructed them to.
What is not clear is the extent to which the newly freed up office accommodation, presumably going cheap, is refilled by corporate expansion and/or new segments of industry. I suspect that post Brexit their will be a significant increase in some types of financial service, for example. But this will take a few years to fill up the vacant space.
Certainly locally there's no let-up in demand for housing. I can't really see why someone would *want* to live somewhere like Letchworth if they're not going to be commuting, when they could be much, much, further out and have a considerably better standard of living.
Same in St Albans. Mostly London dwellers moving out, wanting more space and a bit of countryside, but not wanting to be too far / too expensive from the London action. One has just moved in on our road, now a couple of others doing the same elsewhere. 20-40 miles from London with a decent late train service seem to fit that bill. Of course the pubs are better in St Albans...