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Office Recovery: The Great Experiment

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Over the past year, Colliers Real Estate Management Services has published a series of reports to provide our clients with unique insights on the recovery of office, retail and industrial assets. 

Office Recovery: The Great Experiment is the third installment in our series on office recovery. To analyze our portfolio, we surveyed a diverse array of tenants across our 31 million square foot national office portfolio. 

In this report, you will learn about the impact of remote work on productivity, culture and collaboration, the future of the hybrid model of work, anticipated changes to office vacancy rates, and the rising interest in flexible office spaces.  

Key takeaways:

The great hybrid work experiment is beginning, with most companies (58%) saying they will implement a hybrid model of work.

In this experiment, flexible office spaces are expected to make up about 6% of future total office space in the market.

Office vacancy is predicted to increase by another 5.7% over the next few years, a forecast that is holding steady from our June 2020 report.

When making decisions on office space, employers rank employee productivity, culture, and collaboration as more important than operational savings.   
 

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Office Recovery: The Great Experiment

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For More Information, Please Contact:

John Duda

President, Real Estate Management Services Canada

Toronto Downtown

John Duda is the President of Real Estate Management Services, Canada. John began his career as Director of National Property Services at CIBC, joining Colliers in 2010. Appointed as head of Real Estate Management Services in 2017, John has driven significant growth both organically and strategically through the development of new service lines and markets. In his role as president, John a oversees 14 offices across Canada, working closely with local teams to create value-driven strategies in support of clients’ goals. 

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