What You’ll Learn from the Article:

• Explore the rise of the hybrid workplace model and its impact on the office market.
• Learn how companies are downsizing CBD offices and shifting to suburban satellite locations.
• Discover the resurgence of co-working centers in the new work environment.
• Understand the appeal of enterprise flex space as a flexible, cost-effective office solution.

If there were one definitive silver lining of the pandemic, it has to be the universal adoption of remote work. Already a trending practice in select industries, telecommuting became the new normal overnight, thanks to the stay-at-home and social distancing orders. Over 50% of U.S. employees reported working from home 3 or more days a week during the pandemic.
 
Now that vaccinations are well underway and the country has begun to reopen, companies are working on defining a workplace model for the new way of life. The pandemic proved that we have the connectivity, tools, skills, and discipline to continue being productive from home, while also enjoying commute-free days, relaxed attire, and spending more time with family and pets.
 
On the other hand, collaboration and social camaraderie were negatively impacted by the lack of in-person interactions. While 100% remote work is certainly here to stay, a new hybrid workplace model, incorporating the best of both worlds, is shaping up to be the standard. Employees will have the flexibility to work from home, go to the main CBD office, or utilize other satellite office settings.
What does this mean for the office market?