Colliers predicts new revolution in office occupancy

24
Jun
2020
News - Colliers predicts new revolution in office occupancy #Colliers #coronavirus #office #remote work #report #workplace

by Property Forum | Report

Office spaces will become a hive of activity in the future as more businesses embrace office designs which promote innovation, creativity and team collaboration, predicts Colliers International. The EMEA Workplace Advisory team has published its latest report which evaluates feedback from its global Work from Home survey to discuss future workplace trends.


More than 5,000 respondents from 18 different industries completed the company’s global Work from Home survey, which found support for the continuation of some working from home after the pandemic is over, but also a desire to return to the office to collaborate with colleagues. Some respondents also expressed a preference to having a defined work and home life.

The report concludes that the office is far from dead, but that businesses are likely to embrace more remote working practices in the future.

“The combined office work with remote work will change the purpose of the core office for companies – the trend which was seen already before Covid-19 and was only accelerated,” said Jana Vlkova, Head of Workplace Advisory at Colliers International Czech Republic. “The office will be the place to meet and collaborate with colleagues, they will support employees’ creativity and innovative thinking and allow the employees to live the corporate culture and community. All important functions for employees’ engagement and job satisfaction.”

Key findings from the report show collaboration between respondents is still paramount

Most respondents say they can collaborate and meet better in the office than from the home.

Next to the ability to collaborate with colleagues in person, what people miss the most from the office is bumping into colleagues, work-life and home-life separation, non-work related conversations with colleagues and spontaneous meetings.

Only 12% of respondents would like to work more than 4 days from home. There is still the understanding of the importance of the office space and the desire to leave the home.

The highest number of all respondents would ideally go to the office at least three days a week in all age categories. The strongest desire to go to the office shows the age group of 21-30.

More evidence that we miss socializing: respondents from age groups 21-50 show they are meeting virtually with their colleagues at fixed times, while the youngest age group is having the most ‘social’ virtual breaks with colleagues.

Living arrangements have an impact on productivity: Respondents with children and roommates show a more pronounced productivity decrease and lower increase.

The highest productivity decrease is identified in the Education and Research sectors, followed by the Media and Legal sector.

Respondents in Media, Automotive, Legal and Education and Research sectors are slightly less positive regarding the ability of their managers to manage virtually compared to other sectors.

The report compares data from EMEA, North America, South America and Asia Pacific regions highlighting the most interesting differences, eg that the respondents from Northern America and Western Europe worked significantly more from home before COVID-19 compared to other EMEA subregions. 

Improving the home office set up

It is expected that employees will upgrade their home workplace significantly. With a push to work from home, employers will have an important role in ensuring that employees have the right ergonomic set-up. The sales of garden offices/cabins have tripled since COVID-19.

Technology to optimise virtual interaction

Finding the right tools to stay connected to master remote work has become paramount. Even though most organisations have found the transition quite seamless, currently digital communication can’t replace the richness of face-to-face interactions and a handshake. The inability to effectively show qualities and emotions associated with face-to-face interaction in telepresence tools is a significant downsize.

Managing distributed teams and enabling separation between work- and home life

Different people require different management styles and managing distributed teams can not be perceived with one size fits all approach. Some people work better autonomously, while some require more control in order to be productive. For these people home office could lead to a potential decrease in productivity. Managing a distributed team has always been challenging for managers as it involves a transition from an attendance based management to an outcome-based management style, as well as developing a culture of trust.

Over 50% of respondents miss the office as a way to separate work life and home life. Living and working in the same environment can be challenging to switch off from work, which can lead to significant stress levels.

The office is not dead, in fact, the opposite is expected. However, increased working from home will change the size and functionality of offices.  Offices will become more vibrant and more collaborative than ever.




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  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.

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  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.


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