This was no throw-away questionnaire but a study of 10,000 workers worldwide by international property experts CBRE, in whose interests it is to gain an accurate picture of future demand for commercial premises.
The implications for urban transport planners everywhere are enormous, and all major cities will need to re-calculate their passenger projections for years to come.
The new-found freedom of home-working tallies with the survey’s other finding, that over 90 per cent of managers believe productivity with home working is the same or better, so when lower business costs are factored in, reduced commuting is here to stay. The “new normal” is less daily travel.
Combined with the International Air Travel Association’s expectation that air travel demand will not return to 2019 levels until 2024, it is patently obvious there is little chance of the more optimistic revisions of the tram business case being debated by Edinburgh Council today being realised.
As was revealed last week, the city is now locked into a project which in financial terms now has few positive outcomes, and it now seems the best we can expect is the minimum £207m cost will not quite be enough to bankrupt the city as long as everything goes according to plan.
“We didn’t go bust” is an odd measure of success.