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Illustration: Eniola Odetunde/Axios

We can officially declare the 9-to-5, five-days-a-week, in-office way of working dead. But offices themselves aren't dead. And neither are cities.

The big picture: Since the onset of pandemic-induced telework, companies have oscillated between can't-wait-to-go-back and work-from-home-forever. Now, it's becoming increasingly clear that the future of work will land somewhere in the middle — a remote/in-person hybrid.

Surveys conducted in the six months since most people started working from home show that less than 10% of Americans actually want to work remotely all the time, according to a new Barclays analysis.

  • The much more common desire is for flexibility: the option to come to the office a few days a week for meetings and face-to-face time with colleagues.
  • The U.S. workers who have already returned to the workplace are spending half a day less per week there, per Barclays.

And despite the hype around remote work, the share of job postings that are fully remote is just 4%, the report says. It was 2% before the pandemic began.

Still, the longer-term impact of the coronavirus could reduce the need for office space by 10%–20%, Barclays notes. That's a massive shift that will change the way cities and towns across the country look."

The reduction in office spaces will hurt cities' finances," says urbanist Richard Florida. "The decline of the central business district will be painful."

  • "But it's important to disentangle the pandemic's effects on real estate and its effect on cities," he says. Young people will still want to live in urban centers, and, eventually, what used to be office space will be rented by stores or restaurants or art galleries.
  • And fancy Fortune 500 corporate headquarters — 90% of which are located in metro areas with populations of 1.3 million or more — won't disappear either, says Florida. Companies will keep building these campuses and filling them with perks like free food, green space and gyms to attract talent.

Worth noting: As hybrid work looks to be gaining popularity, companies with experience managing all-remote teams say that model can come with problems.

  • "I’ve worked in hybrid settings that have been disasters," says Darren Murph, head of remote work at GitLab, the world's largest all-remote company. Often when firms try to combine the two approaches, they are less intentional about documenting what happens during in-person chats or planning social events that people can join from their remote locations.
  • "It works if you structure the organization as if everyone is remote."

Go deeper: Companies weigh the potential of permanent work-from-home

Go deeper

Amy Harder, author of Generate
Dec 24, 2020 - Energy & Environment

States and companies are now hotbeds of climate action

Illustration: Annelise Capossela/Axios

In the four years since the U.S. federal government last paid serious attention to climate change, the problem has become a top priority across states and corporations.

Why it matters: Washington, D.C. isn't the only place, or even the most important place, where meaningful climate change action is likely to happen in the coming years.

Updated 25 mins ago - World

Mexican President López Obrador tests positive for coronavirus

Mexico's President Andrés Manuel López Obrador during a press conference at National Palace in Mexico City, Mexico, on Wednesday. Photo: Ismael Rosas/Eyepix Group/Barcroft Media via Getty Images

Mexican President Andrés Manuel López Obrador announced Sunday evening that he's tested positive for COVID-19.

Driving the news: López Obrador tweeted that he has mild symptoms and is receiving medical treatment. "As always, I am optimistic," he added. "We will all move forward."

41 mins ago - Politics & Policy

Sarah Huckabee Sanders to run for governor of Arkansas

Sarah Huckabee Sanders at FOX News' studios in New York City in 2019. Photo: Steven Ferdman/Getty Images

Former White House press secretary Sarah Huckabee Sanders will announce Monday that she's running for governor of Arkansas.

The big picture: Sanders was touted as a contender after it was announced she was leaving the Trump administration in June 2019. Then-President Trump tweeted he hoped she would run for governor, adding "she would be fantastic." Sanders is "seen as leader in the polls" in the Republican state, notes the Washington Post's Josh Dawsey, who first reported the news.