Large companies are still seeking office space despite millions of employees continuing to work from home.
For instance, Facebook has plans to take up over 73,000 square feet in Manhattan even after it announced it would allow most of its employees to work remotely indefinitely. According to Brian Rosenthal, engineering director at Facebook, being in the same workspace as your colleagues is key to creating software.
At postal service company Australia Post, the organization has decreased its corporate real estate footprint by over 30% in the last five years and anticipates only needing to accommodate 60% of its workforce in workspaces.
“As a business, it’s giving us more confidence to have some challenging conversations about how we might work in the future, and has absolutely reinforced how important flexibility is, given it’s a long-term commitment we’ll be making,” said Claudette Leeming, head of property strategy and performance at Australia Post.
Another company who is looking to adopt both remote and in-office working is marketing software firm HubSpot, which is offering employees three choices of work arrangements: three or more days a week in the office, less than three days in the office, and the majority of the week at home.
The hybrid arrangement will likely be one of the most popular operational strategies moving forward as it allows workers to benefit from the perks of being at home to maintain a healthy work-life balance, as well as collaborating and connecting with their coworkers in the office.