C&W: Companies transition to ‘home office’ quite smoothly

01
Apr
2020
News - C&W: Companies transition to ‘home office’ quite smoothly #coronavirus #Cushman&Wakefield #home office #Hungary #office #remote work #report #survey

by Property Forum | Report

Over the past month, most companies in Hungary made an immediate transition to ‘home office’. Cushman & Wakefield embarked upon a study to understand their experiences.


  • Respondents rated the smoothness of the transition with an average score of 4.4 out of 5.0. Challenges were mainly due to infrastructural issues.
  • In terms of the ongoing effectiveness of home office, the results are a little less positive but still very good with an average of 4.1 of 5.0.
  • The biggest challenge facing most companies is the lack of personal contact and meetings which negatively impact on engagement and collaboration.

Cushman and Wakefield approached 100 companies based in Hungary. Whilst their responders were overwhelmingly privately-owned international companies, domestic and state-owned companies were also represented – ensuring this was a balanced and representative sample.

C&W asked respondents a variety of questions requesting they quantify each question on a scale of 1 to 5. Respondents rated the smoothness of the transition with an average score of 4.4 out of 5.0. Most companies had no problem in swiftly adapting to working from home. In cases when companies reported challenges, this was mainly due to infrastructural issues such as slow home internet connection or an inadequate number of laptops immediately available to employees. Whereas the new set-up and testing of the IT networks generally took some extra time, these were rather considered to be ‘tasks’ than real problems. Yet, in case of businesses with on-site workflow, full home office cannot be ordered. C&W also highlighted that e-signature processes are rare and financial administration still require personal interaction.

In terms of the ongoing effectiveness of home office, the results are a little less positive but still very good with an average of 4.1 of 5.0. By this C&W concluded that most respondents have been able to work efficiently from home, although these are still the early days.

The biggest challenge facing most companies following transition is the lack of personal contact and meetings (both internal and client), which negatively impact on engagement and collaboration. Technological infrastructure was the second major issue faced. The challenge of also having family and children at home was listed as another issue – although perhaps this is not a typical environment to properly judge this impact.

Based on the survey C&W concludes that the companies in the survey have tackled the challenge of transforming to ‘home office’ well, largely because the infrastructure of their working environment was easily transportable. This has depended upon the preparedness of the employer to deliver the technical solution such as providing laptops, appropriate bandwidth etc, as well as the suitability of the home environment. Issues occurred with the transition where working infrastructure could not be swiftly arranged into the ‘home office’ environment.

So, is it possible that all workflows are taken out of the office? For paper-based processes like contracts, orders and approvals, this is often impractical. Home working also relies upon the capacity of an IT system to handle remote work and connections were generally not set up to perform to this level. Most importantly, face to face meetings are missing from the workflow, internal and with clients. Indeed, one respondent was concerned that ‘distancing from clients and colleagues’ will be a bigger issue on the longer term. Finally, human beings are social animals – and so, once the “home office” novelty has worn off, do the members of a team really want to stay at home in the medium term, or ultimately would they prefer to fully interact with their colleagues on a daily basis – and is this interaction ultimately more efficient for the firm at large?




Latest news


New leases

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


Latest news

News - Panattoni starts 20,000 sqm logistics centre for Toyota in Warsaw
07
May
2026

Panattoni starts 20,000 sqm logistics centre for Toyota in Warsaw

by Property Forum
Panattoni has begun developing a logistics centre in Warsaw for Toyota Logistics Services Poland. The project will be delivered as a build-to-suit (BTS) within the City Logistics Warsaw Airport IV complex and will comprise nearly 20,000 sqm of warehouse and logistics space, along with office and social facilities.
Read more >
News - Aupark Shopping Centre secures €270 million refinancing
06
May
2026

Aupark Shopping Centre secures €270 million refinancing

by Property Forum
Aupark Shopping Centre has finalised a €270 million refinancing and top-up financing facility. The transaction stands as one of the largest real estate financing operations ever recorded in Slovakia, reflecting sustained institutional confidence in high-quality retail assets.
Read more >
News - 7R to develop 230,000 sqm urban logistics complex in Kraków
06
May
2026

7R to develop 230,000 sqm urban logistics complex in Kraków

by Property Forum
Commercial real estate developer 7R has officially commenced construction on 7R Hub Nowa Huta, a significant logistics and technology centre located in Kraków. The project is designed to deliver approximately 230,000 sqm of specialised technical and production space to the Polish market.
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy