The need for new safety measures and social distancing in the COVID-19 era could cause more demand for office space in order to reduce workplace density. On the other hand, with remote working expected to become more widespread and lasting, office demand could decline. Due to the counterbalancing effects of these two trends, CBRE forecasts only a modest to moderate decline in office demand in the next five years.
CBRE Econometric Advisors has completed an in-depth analysis on the future of remote working and its potential impact on office demand.
Additional Key Findings: