Office Demand in the Age of Telework

Lauren Picariello
Occupier Research

How will we work in 2025? That’s the question tackled by James Thompson, Director of Design at Little, at a Summit session Monday afternoon. The answer involves the concept of the adaptive future office. Considering that 77 percent of organizations expect to grow their alternative work programs, it’s clear that the days of traditional workspace design are numbered. Cost reduction, efficiency, labor, technology and business models are the key factors driving this change.

Maybe it’s the researcher in me, but I had to wonder, how will the adaptive future office impact office demand? Sixty-three percent of CREs expect their real estate footprint to shrink over time. That is likely to slow down the need for additional office space over time, but not the need for updated space.

As companies require less space per employee, the type and quality of their space will be more important than ever. Workspace will increasingly become associated with organizational culture and image and landlords will be challenged to transform assets to meet this demand. Tenants will likely become more selective and landlords that are willing to stay ahead of the curve will benefit.

Corporate tenants have a major role to play in the future world of the adaptive office as well. Flexibility will be a larger component of commercial interiors Think Lego-type workstations that can easily be transformed to adapt to different functions and workers. Mobility will also become the norm with workers across diverse business lines using satellite offices, hoteling, and telecommuting.

Lauren

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