Remote Work Expected to Decrease Office Density and Demand
April 14, 2021 | Celia Young | Commercial Observer
The era of tightly packed offices could be gone as office spaces are expected to be less dense in the coming years as remote work seems here to stay, CoStar Group predicted.
CoStar suspects that a hybrid, part-home, part-office work model might prove the most efficient and productive for employees. Plus, both workers and employers prefer the flexibility. That’s expected to drive down demand for office, and lead to less workplace featuring flexible and collaborative space.
The Washington D.C.-based company predicted that office demand would depend on three factors: sustained remote working, changes to office density and employment growth in office-using jobs. CoStar calculated how a decrease in office density and an increase in remote work could lead to a slightly lower demand for office space.
