Office Down but Not Out

Despite predictions that Covid would be the death of the modern office, a new JLL report finds office isn't going to just disappear:

  • The report identified four factors that would play a role in the future of the working office: the prevalence (and success/failures) of remote working options, office design, technology and commuting patterns. 

  • A survey within the report suggests that while commuting time and hassle is reduced, people miss the social interaction of office culture, with 44% of respondents saying they missed the day to day interactions. The survey also said 31% missed access to professional level support in their work space and 29% missed collective, face-to-face interactions.

  • Office design will change, the report said. COVID-19 has accelerated space design changes that had already begun to take root, such as the decline of all-day, dedicated office spaces (think WeWork). Office density between 2010 and 2019 had already declined 13% in the U.S. without the aid of stay-at-home orders.

  • Predictions around the decline of the office have been around for a while, notably after 9/11 when it was thought that no one would ever want to work in a big city high rise again. But, as it has for decades, the office prevailed. Perhaps it will again.

#Office #Covid19 #JLL

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