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.
• 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.