Savills Report Shows Fewer Companies Make Keep More Space Than Previously Reported

Bisnow April 20, 2021  Survey by Savills reports “Seventy-three percent of the respondent companies said that their employees will be in centralized offices at least three days a week, while very few (4%) expect all their workers to be required to show up in person five days a week. A vast majority of companies (79%) are allowing some employees to relocate permanently away from their previously assigned office while 67% said that hoteling will be more important than it was before 2020. Still, common space isn’t dead: 45% told Savills that collaboration spaces will be more important than they were pre-pandemic. The results of the survey represented some shifts in attitude on that question compared to earlier Savills surveys, taken last year when the end of the coronavirus pandemic wasn’t in sight. In October, the number of companies expecting to need less office space over the next 12 to 18 months was 82%; in March, only 47% of the respondents indicated the same feeling.”