Demand for suburban office space in the Boston Metro could rise in the near future, as employers grapple with social distancing needs and the evolving requirements of a remote workforce. A recent survey conducted by PwC offers insights for the future.
PwC surveyed 120 executives and 1,200 office workers in the U.S. between May 29 and June 4, 2020. Essential workers were excluded. The survey indicates that there will be future demand for office space, perhaps more than expected.
In fact, about 50% of surveyed CEO’s said they may need more office space in the future. Additional space would be used to improve social distancing while maintaining a collaborative work setting. There is also indication that multiple office locations would be considered to accomplish this, instead of attempting to retro-fit one large, central location.
About 30% of CEO’s expected to need less office space in the future, due to the success of a remote workforce or workforce attrition.
While many employees enjoy working from home, some respondents reported limitations and difficulties with such arrangements. About 50% of employees said they needed to be in the office to effectively collaborate with team members. 38% found it difficult to work from home due to child care issues.
Overall, the majority of employees indicated a preference for flexibility, with 72% desiring to work from home at least two days a week.
As employers seek operational solutions for employee collaboration and health, it’s easy to see why smaller, highly-localized offices could be an emerging trend. Fortunately, there are excellent commercial real estate choices in the Boston Metro!
When you are ready to begin, relocate or expand your business, team up with the Jay Nuss Realty Group, LLC! Whether you are thinking of buying, leasing, or investing in Boston Metro commercial real estate, we can help you find the ideal property.
Contact us today for expert guidance!
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