The COVID-19 pandemic will set a "new normal" for the officeworkplace as companies adopt and integrate remote work practicesdeployed during the pandemic, according to a new report from Cushman &Wakefield. Consequently, it will morph from a single location to an"ecosystem of different locations and experiences."

That said, the office isn't going anywhere, according to thereport, which is based on data from Cushman and Wakefield's"Experience per SF" survey tool. It incorporates pre-pandemicresponses with feedback from an additional 50,000 workers andemployers worldwide during the current work-from-home environment.The global real estate services firm itself has about 53,000employees in 400 offices and 60 countries.

The report forecast that office space size will generally remainunchanged, even though companies have been successful overall withworkers performing their jobs remotely. Going forward, companieswill allow employees more flexibility to work remotely, but anysavings in square footage will be offset by the need for greaterspace for social distancing.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Meredith Hobbs

Meredith Hobbs writes about the Atlanta legal community and the business of law. Contact her at [email protected] or 404.419.2837. On Twitter: @MeredithHobbs.