Savills: hybrid working is staying with us

30
Aug
2021
News - Savills: hybrid working is staying with us #coronavirus #hybrid work #office #Savills

by Property Forum | Office

87% of respondents believe that the physical office is essential for successful business operations, reveals a survey conducted by real estate advisory firm Savills. Additionally, 54% of respondents feel that the hybrid model combining working from home and the office is the best for their health and well-being.


In its “Office FiT” survey, Savills analysed responses from over 100,000 office workers, owners and occupiers of office buildings across EMEA (Europe, the Middle East and Africa).

More than half of respondents would like to work in the office at least three days per week. The strongest interest in working from home full time was expressed by workers aged 55+. There was a weaker preference for remote working from the youngest respondents (24-35 year olds), which may be due to difficulties with learning at the early stage of career development outside the workplace, say the report’s authors.

This year’s edition of “Office FiT” is the second in a row. In comparison with last year’s survey, the proportion of workers believing that productivity is higher when working remotely has fallen from 48% in 2020 to 40% in 2021. Additionally, many more people would work from flexible offices in the future (an increase from 3% in 2020 to 12% in 2021).

“18 months into the pandemic, both companies and employees now have quite extensive experience of remote working. We have had an opportunity to learn about its many advantages and drawbacks. One thing is certain - offices must change, because their users have different needs now. Looking forward, the quality of workspace is expected to be a key consideration for employers as it will be a factor helping them to stand out and attract and retain top talent,” says Jarosław Pilch, Head of Tenant Representation, Office Agency, Savills.

74% of respondents expect lower levels of unwanted background noise on return to the office. According to Savills analysts, video conferences are here to stay with us post-pandemic and will increasingly include workers from home and the office. This is likely to cause discomfort to colleagues unless there are sufficient audio/video call facilities provided.

Personal safety was a top priority in a work environment for close to 80% of respondents. This is likely to translate in office buildings into minimising the exposure to viruses and bacteria through the use of touch-free technologies. As the hybrid work model is expected to become commonplace, Savills also anticipates an increased demand for collaborative office space.

“No matter how the pandemic unfolds, some hybrid working will stay with us for longer. In the huge metamorphosis of the work environment, we are witnessing, employee preferences must be balanced with business demands. As some employees gradually return to the workplace, the office will, in the coming months, play a pivotal role by providing space for integration and collaboration. It will help meet the natural needs of many employees that were left unfulfilled for long. I am confident that the changes that organisations will introduce in their offices and work models due to the pandemic will enhance the office experience,” concludes Jarosław Pilch, Savills.




New leases

  • 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.
  • 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.

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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