(Bloomberg) -- Tech firms are embracing remote work and banks want people back at the office. Right?Not so fast.Amazon.com Inc. recently told employees that it planned to return to an “office-centric culture.” Just days later, JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said some employees would likely continue working remotely at least some of the time, with the bank perhaps having just 60 seats for every 100 employees.The contrast highlights how tricky it is for investors to gauge future demand for corporate offices, according to a new report from real estate data and research firm Green Street.While office demand is likely to go down in the U.S. -- perhaps by 15% overall -- different markets and industries could be impacted in surprising ways as companies respond to competitive pressures, according to the analysts.“A key takeaway from the news is the re-enforcement that workplace strategy is not one-size fits all,” the Green Street analysts wrote. “Companies within the same industry may take drastically different approaches.”As more and more Americans are vaccinated, companies are preparing to bring employees back to the office. Still, corporations are reevaluating how much space they’ll need after more than a year of remote work, with available subleases flooding the market in high-profile cities including New York and San Francisco.“The degree to which hybrid work patterns are accepted post-Covid, and the degree to which space usage changes as a result, continues to be the most important topic facing the future of office fundamentals,” Green Street said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Gerald Chertavian, Year Up founder & CEO, joins 'Influencers with Andy Serwer' to discuss how the pandemic has widened the opportunity gap in the United States.
(Bloomberg) -- Didi Chuxing is raising $1.5 billion of debt financing from banks as the Chinese ride-hailing giant seeks to expand its firepower ahead of a potential U.S. initial public offering, according to people familiar with the matter.Didi, backed by SoftBank Group Corp., has signed a revolving loan facility with JPMorgan Chase & Co., Morgan Stanley, Goldman Sachs Group Inc., HSBC Holdings Plc, Barclays Plc and Citigroup Inc., the people said. A debt deal would serve as a stepping stone as Didi continues to evaluate a potential listing that could value the firm at about $100 billion, the people said, asking not to be identified because the matter is private.Representatives for Beijing-based Didi and the banks declined to comment.After raising a loan, Didi would follow the footsteps of other sharing economy companies in seeking a listing. In February, Southeast Asia’s ride-hailing giant Grab Holdings Inc. closed its first senior secured term loan facility, which was upsized to $2 billion from $750 million planned initially due to strong investor interest. Grab is in advanced talks to go public through Altimeter Capital’s first blank-check company, people familiar with the matter have said.Didi is stepping up efforts to grow its presence in strategically important sectors like autonomous driving as it prepares to go public in what could be one of the largest tech IPOs globally this year.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.