CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Cushman & Wakefield Reports that 40% of all Global Office Workers Have Returned to the Office

9/28/2021

New data and forecasts suggest global workforce likely to return by Q1 of 2022

Chicago, IL – Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, today reported that 40% of the workforce had returned to the office as of September but predicts the majority will return in early- 2022.  

The new report, “Predicting the Return to the Office”, conducted by Cushman & Wakefield’s global research team analyzes office return data from across the globe, as well as the trajectory of the virus and vaccination rates to predict when a large-scale return to office may occur. The latest research finds that return to the office is directly correlated with high vaccination rates and low infection rates. Researchers also examined additional data, including government restrictions, school openings, and public opinion regarding mass transit, to project realistic return dates for industries operating in the Americas (U.S. and Canada), APAC (Asia-Pacific), and EMEA (Europe) regions. 

“It’s important to remember that pre-pandemic, office buildings were never 100% occupied on any given day; 60% was generally the norm,” said Kevin Thorpe, Chief Economist at Cushman & Wakefield.  “Today, we are at 40% globally, but of course that varies greatly from city to city.  In this study, we attempt to connect all the dots, all the factors that would lead to a stronger return to the office.  Assuming no virus setbacks at this point, we see office buildings and cities reenergizing in early-2022.”            

Current data included in the report suggests that most of the world will achieve herd resiliency—i.e., over 70% either vaccinated or infected—by the second quarter of 2022, and current trends suggest that most office workers globally will be able to return to the office in the first quarter of 2022. Regionally, the return is expected to be led by Greater China, followed by Europe, then the U.S., Canada and finally the Asia Pacific region.

“Most businesses are hoping to get back as soon as possible,” said David Smith, Global Head of Occupier Insights and co-author of the study. “This isn’t a conversation about never going back, it’s a conversation about when can we safely get back to the office because almost all employees and employers have indicated they want to go back – more flexibility, yes, but they want to go back.  And based on surging tour activity, we know demand is there – so it’s not a matter of if office buildings will re-populate but when.  The leading data is pointing to Q1 2022.”    

This paper is the first of a three-part series that examines the return to the office. Part two will examine the net impact on office leasing fundamentals, considering the latest recession-recovery trends and remote working dynamics.   

Read the full report. 

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.

Cushman & Wakefield Media Contact

Michael Boonshoft New York Communications

 

insights

Asia REIT Market Insight 2023-2024
Research • Investment / Capital Markets

Asia REIT Market Insight 2023-2024

We are thrilled to present the 8th annual edition of Cushman & Wakefield’s Asia REIT Market Insight series! This in-depth report offers a comprehensive analysis of the five largest REIT markets in Asia: Japan; Singapore; Hong Kong, China (“Hong Kong”); the Chinese mainland; and India. 

Catherine Chen • 7/22/2024
Turn Around the Table Podcast
Podcast

The Team Around the Table Podcast

There's a better way to outsource corporate real estate—and it starts with choosing the right team.
7/8/2024
Asia Pacific Outlook 2024
Research • Workplace

Asia Pacific Office Outlook 2024

Cushman & Wakefield’s 2024 Asia Pacific Office Outlook provides supply, demand, vacancy and rent data forecasts for cities in Australia, China, India, Indonesia, Japan, Korea, Malaysia, the Philippines, Singapore, Thailand and Vietnam.
Dominic Brown • 12/13/2023

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals.

Cushman & Wakefield wykorzystuje pliki cookie do analizowania ruchu i oferowania naszym klientom najlepszych usług na tej stronie. Zamknij to okno, aby potwierdzić, że wyrażasz zgodę lub wejdź na tę stronę, aby dowiedzieć się więcej:
Informacja o plikach cookie

MORE OPTIONS
Wyraź zgodę i zamknij
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS