A new survey from Accumulate Capital has found that three-quarters of senior business decision makers believe that the pandemic will cause many UK businesses to downsize to smaller offices.
The data of 500 respondents also said they still value the office and will continue to emphasize the strengths of the office during this transition expected to happen over the next year.
The research reveals that 37% of respondents planned to move their business to a smaller commercial space in the next year. Additionally, half of the business decision makers said their preference for a commercial workspace has changed, with 58% saying they see remote working to become increasingly more common.
“The increase in remote working will likely see businesses look to smaller, more flexible workspaces,” said Paul Howells, CEO of Accumulate Capital. “The days when a company would own or rent an office with a desk in it for each and every member of staff are coming to an end – in reality, this trend was already taking shape, but the coronavirus crisis has greatly accelerated it.”