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Office Re-Emerges as Primary Workplace

Fifty-nine percent of office occupiers are currently mandating or encouraging their employees to spend more time in-office, with an additional 55% expected to do so over the next six months, according to the first-ever Global Workplace Report from VTS. Conducted among hundreds of business leaders by an independent market research firm, the report aims to provide insight on the needs, sentiment, and behavior of tenants as it relates to their workplace heading into 2024.

While nearly 60% of respondents said their employees work from home at some point during the week, just 1% of companies in North America and Europe have gone fully remote, according to the survey. that Accordingly, strengthening existing tenant relationships and investing in the technology needed to manage the hybrid work environment will be key to success.

“As companies’ return-to-work plans continue to take shape, the office has re-emerged as the primary place of business for today’s workforce,” said VTS CEO Nick Romito. “With more employees getting back in offices, landlords and companies need to be considering the onsite experience of employees and the technology needed to manage it, as tenants’ demands have shifted greatly during the pandemic.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).