In mid-2021, employees will return to offices

17
Dec
2020
News - In mid-2021, employees will return to offices

by Property Forum | Office

Managing directors believe that the conditions for doing business in the next six months will be the same or better than now. Only 9% of people fear that it will get worse. This optimism translates into the belief that employees will return to their offices in mid-2021, according to the CBRE report "The Future of the Office Survey". Currently, companies are prevented from physically returning to their office space by the high number of cases in a given country, the risk of the virus spreading through the company, and the employees’ reluctance to return.


"Two conclusions can be drawn from our analysis of the mood of the managing directors surveyed. The first relates to the economic environment and the belief that the situation will not worsen. The second conclusion is a consequence of the first. Managing directors believe that the situation will not get worse, or may even improve and want to return to the business they know from before the pandemic. It is clear to everyone that it will not be the same, but at the same time we want to restore normality as much as possible. We miss full offices, face to face meetings and, provided the environment is favourable, managing directors will strive to restore the business they know within the framework, which the situation will allow", says Daniel Bienias, Managing Director of CBRE in Poland.

Longing for business as usual

The CBRE report "The Future of the Office Survey" shows that 48% of managing directors believe that the conditions for doing business in the next six months will be the same as today. 43% expect the situation to improve and 9% fear that it will get worse. Compared to the previous edition of the survey, the percentage of managing directors who are rather non-committal has increased significantly, and the percentage of managing directors who hope for improvement has decreased. Nevertheless, 67% of employers hope that all employees will return to their offices by mid-2021. A slightly less optimistic forecast is indicated by 34% of managing directors who say directly that they are not sure when it will be possible to bring employees back to work in the office. This group certainly includes those who know that not all employees will want to return to the office full-time.

"Business as usual, once the pandemic situation has normalized, will not be the same as what we have known so far. The popularization of remote working, accelerated automation of processes and the related adaptation to the new business environment mean that there is no escape from change. Companies understand this, but they also know that there are elements of the business reality worth coming back to. It is impossible to replace all meetings with remote ones, employees should be in contact with each other, and the robot will not take over all our duties. If all companies scrupulously approach the issue of safety, it will be possible to return to a reality similar to that before the pandemic. However, I am inclined to the fact that it is currently difficult to indicate when it will be possible", says Daniel Bienias.

Safety first

The top three concerns that currently prevent companies from the full return of employees to their offices are: the high number of cases in a given country (86%), the risk of the virus spreading through the company (83%) and the reluctance of employees to return (70%). Employers also need to take into account the situation of employees related to e.g. caring for children who learn remotely (58%).

Nevertheless, companies already know what they must do to ensure that employees can return to their offices safely. In the first place, managing directors indicate access to disinfectants (99%), then the need to cover the mouth and nose (95%), minimizing the reception of guests (93%), measuring temperature (93%) and changing the office layout in such a way to increase the space between desks (92%).



New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • 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.

New appointments

  • 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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