declared in five regions, including auckland, as strong winds and heavy rain have brought down trees and damaged power lines. now on bbc news, talking business. hello, everybody. a very warm welcome to talking business weekly with me, aaron heslehurst. let s go take a look at what s on the show. the cities that went to sleep for the pandemic are waking up, but how much are the world s great metropolises bouncing back and can they ever get back to where they were? with hybrid and remote working still in place in much of the world, what is the impact on our great cities, their restaurants, economies and property prices? i m going to be discussing all of that with these two. dr megan walters, global head of research at allianz real estate, and julian metcalfe, the big boss of the asian food chain itsu. plus, i sit down with yuriko koike, the governor of tokyo, to get her view on how one of the world s great capitals is faring after the olympics and the pandemic. and if that wasn
now on bbc news, talking business hello, everybody. a very warm welcome to talking business weekly with me, aaron heslehurst. let s go take a look at what s on the show. the cities that went to sleep for the pandemic are waking up, but how much are the world s great metropolises bouncing back and can they ever get back to where they were? with hybrid and remote working still in place in much of the world, what is the impact on our great cities, their restaurants, economies and property prices? i m going to be discussing all of that with these two. there they are. dr megan walters, global head of research at allianz real estate, and julian metcalfe, the big boss of the asian food chain itsu. plus, i sit down with yuriko koike, the governor of tokyo to get her view on how one of the world s great capitals is faring after the olympics and the pandemic. and if that wasn t enough, we ve got the global boss of christie s who talks dealing with antiques, technology and real people i
as predicted, harry styles is one of the night s big winners. you are watching bbc news. now it s time for talking business. hello, everybody. a very warm welcome to talking business weekly with me, aaron heslehurst. let s go take a look at what s on the show. the cities that went to sleep for the pandemic are waking up, but how much are the world s great metropolises bouncing back and can they ever get back to where they were? with hybrid and remote working still in place in much of the world, what is the impact on our great cities, their restaurants, economies and property prices? i m going to be discussing all of that with these two. there they are. dr megan walters, global head of research at allianz real estate, and julian metcalfe, the big boss of the asian food chain itsu. plus, i sit down with yuriko koike, the governor of tokyo to get her view on how one of the world s great capitals is faring after the olympics and the pandemic. and if that wasn t enough, we ve got
desks probably made up 60% of floor areas inside offices and meeting rooms more like a0%. moving forward, what is much more likely to happen is that individual workspaces will fall right back to maybe 30% and the space for collaboration and meetings will increase to more like 50%. megan, let me end on this, what has all of this meant for property valuations? well, let s take an example of somewhere like london, which is an interesting city because we ve got three office markets there broadly. we ve got the west end office market, so that s the area around mayfair, oxford street, bond street. we ve got the city of london around the bank of england, then we ve got canary wharf out on the east side. if you look at the vacancy rates in those different office areas, so in the west end, where there are bars and shops and theatres, you have the lowest vacancy rates, just 4 6%. in the city of london, which is more traditional, 8 10% vacancy, and in the very office heavy end