Companies will return with only 40% of the employees back to the office Cushman & Wakefield Echinox study shows

With the ease of travel restrictions imposed by the Covid-19 pandemic, companies begin to resume their activity in the headquarters located in office buildings, but with only 40% of employees in a first phase, according to a survey of real estate consulting company Cushman & Wakefield Echinox.

Thus, if during the period of isolation at home imposed by the authorities, only 4% of the employees continued their activity from the office, the occupancy degree of office buildings will ten times increase in the next period. However, more than half of the employees working in the services area will continue, at least for a while, to work from home, according to the survey applied between May 21 and 29 on a number of 33 companies in Bucharest and Cluj with a a total of over 17,000 employees working in office buildings.

Half of these companies have returned or will return to the office with a significant share of employees during June, almost 20% of companies scheduled their return in September, while 13% of the surveyed companies, especially small and medium, intend to return to the office only at the beginning of next year.

In this context, 30% of the interviewed companies say that in the next 12 months they will need less office space, 61% of the companies cover their office needs with the already contracted spaces, while 9% of the companies expect to need extra space.

“Companies will continue to practice a mix of office work and home work for a number of reasons, such as the desire of some companies to test the efficiency of working from home on a longer period of time or the more cautious attitude of some employees, who prefer to avoid as much as possible the crowded places, such as the public transport" says Madalina Cojocaru, Partner, Office Agency, Cushman & Wakefield Echinox. "The most important aspect is related to the fact that, at an average density of about 10 sqm / employee - the local market standard before the pandemic, it is impossible to return to the office with all employees in compliance with the recommended distance rules. Thus, we consider that this percentage of 40% is close to the maximum capacity of the office spaces already rented in the current context, reconfirming the need for office premises and even the potential to resize them by taking over additional spaces” added Madalina Cojocaru.

The stock of modern offices in Bucharest and Cluj reaches almost 3.5 million square meters, hosting over 300,000 employees in various fields

May 02, 2022 12:40
Romanian shopping mall AFI Cotroceni announces the opening of a new store by I...more »
March 14, 2022 15:58
On 24th of March, Colosseum Mall officially opens to the general public, the n...more »
December 22, 2021 12:24
The deal of the year in Romanian real-estate retail comes from Louis Delhaize ...more »
December 08, 2021 11:48
IMMOFINANZ, with activity on the retail and office segments, sold the former Arm...more »
Govnet Next Events