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Home News

Why The Term ‘Office’ Could Soon Be Phased Out

Jo MeunierbyJo Meunier
November 11, 2020
in News
Reading Time: 1 min read
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What does the future of work look like? A new report from the Urban Land Institute — ‘Future of Work 2020: A global real estate players’ point of view’ — may shed light on the post-pandemic world of workspace.

Takeaways include:

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  • 96% of respondents expect there will be more home working
  • 72% expect more remote work away from the home
  • 67% predict the adoption of satellite offices at the edge of cities
  • 93% expect physical office space to play a key role in recruiting and retaining employees
  • 53% anticipate a decrease in the office space needed by their organisation
  • 81% anticipate a demand for collaborative work spaces.

The report notes that the “resulting ecosystem of workplaces will accelerate a blending of uses between residential, hospitality and office spaces” and could even trigger a shift in language, from ‘office’ to ‘workspace’.

Physical office space could become a hub, rather than simply a place to work, and the integration of flexible leases and coworking spaces into real estate is expected to continue further.

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The report speculates these shifts may lead to “a much faster obsolescence of buildings and future significant repurposing of office buildings”.

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Jo Meunier

Jo Meunier

Jo is Allwork.Space's Senior Editor for the UK and Europe. Jo has worked within business centre and coworking circles since 2009, researching and contributing written features for numerous industry publications. She reports on the latest market news and delves into local issues with one main objective: to champion the flexible workspace industry and its members.

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