The global workforce is entering 2022 as uncertain as it entered 2021.ย
As new variants of Covid-19 spread across the world, companies have been forced to indefinitely delay their plans to return to the office.โฏย
With companies small and largeย adopting a wait-and-see approach, flexibility will swoop in to become the savior of workplace limbo in 2022.ย
โWe believe that it will be very much like what transpired in the second half of 2021 where companies remained cautious about mandating workers to return to the office,โ said Alan Cheong, executive director of research and consultancy at Savills Singapore.ย ย
According to Cheong, companies will correct their leasing strategy, taking up short-term leases that range from three to five years.ย While thisย meansย incorporatingย flexible offices and coworking spacesย as part of their office footprint,ย companiesย willย alsoย look intoย adopting moreย private space in 2022.ย
According to CBRE Research from the third quarter of 2021, as companies reconsider their portfolio and adopt hybrid work models, some space will return to the market.ย
As a result, landlords will likely adjust their offerings in the new year, with some even teaming up with flexible office operators to provide tenants with more fluidity in their leases and how they use the space.ย
According to Tricia Song, head of researchย atย CBREย Southeast Asia, 2022 will see โmore landlords providing flex solutions within their portfolios either through third party operators, joint ventures or self-managed facilities.โย
