First up, how much of the downturn in CBD spend is because of govt. layoffs? And how much is countered by an upturn in the wider region as people go to cafés in Kapiti & Upper Hutt instead of Wellington?
Secondly, for about 10 years govt agencies have been aiming for smaller offices and more people working from home. They can’t just turn it around like that, lots of places won’t have enough desks
First up, how much of the downturn in CBD spend is because of govt. layoffs? And how much is countered by an upturn in the wider region as people go to cafés in Kapiti & Upper Hutt instead of Wellington?
Secondly, for about 10 years govt agencies have been aiming for smaller offices and more people working from home. They can’t just turn it around like that, lots of places won’t have enough desks
Yes, austerity during a recession does generally extend and heighten the recession. John Maynard Keynes must be rolling in his grave.