After a severe and quick drop-off, much of the economy is on its way to recovery. Office-using employment, in particular is rebounding around the globe, having surpassed pre-pandemic levels in many markets, including London, Toronto and Tokyo. Office usage, in comparison, has been uneven amidst various spikes in the pandemic. However, flexible office provides a solution that is complementary to the needs of a more agile workforce.
Uncertainty about the future of workplace footprint needs has led some occupiers to be hesitant to make long-term commitments. For those organisations, flexible office is a short-term (and potentially medium-term) solution to help rationalise corporate real estate portfolios until the “new normal” of office is clearer. Currently, 38% of occupiers are providing employees with access to flexible workspaces, and over half are planning to increase employees’ access.
Employees’ expectations for the office are changing in light of increased agile work arrangements during the pandemic, and expected post-pandemic. Office workers indicate less of a willingness to commute long distances to get to the office every day, which creates a potential opportunity for flexible office solutions that provide office space closer to where employees live. Additionally, the role of the office is moving towards creativity, innovation, connection and culture; all things that the flexible office can play a positive role in providing.