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Hybrid Work: Implications on the Office Market

The implications of hybrid work on the office market
  • by Coy Davidson | November 13, 2022

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Most Employees Do Not Want to Work from Home Every Day

Stanford University professor Nick Bloom has been researching working from home for almost 20 years. He shares his research on work-from-home and hybrid work models as well as their implications for the office environment as companies begin to implement their return-to-office policies.

Implications for the Office Sector

Key Takeaways:

  • Firms are not currently planning to cut office space too much
  • Location: some people have left city centers (e.g. NY and SF)
  • But offices are mostly not moving; firms are focusing on quality space
  • Under hybrid work models, the idea is to have employees come in the same two or three days each week.
  • To do this, these offices need to be convenient and of high quality.

 

As hybrid work becomes a new norm, the office market is adapting dynamically. This trend underscores the importance of flexible, high-quality workspaces that cater to evolving business and employee needs. Companies are reimagining their office environments, prioritizing convenience, collaboration, and employee well-being. The future of office spaces is not about less space but better space—spaces that foster innovation, adaptability, and a balanced approach to the changing landscape of work. The hybrid model isn’t just reshaping where we work, but how we think about workspaces altogether.

The Future of Work From Home by Coy Davidson on Scribd

View Professor Bloom’s Executive Briefing on Hybrid Work.

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