2022 Office Survey: How Increased Renter Interest is Reshaping the Post-Pandemic Workspace
2022 Office Survey: How Increased Renter Interest is Reshaping the Post-Pandemic Workspace
Abstract
While companies' interest in renting office space has increased, so did the range of preferences landlords have to meet, as tenants demand more bang for their buck, increased safety measures and more natural light and outdoor areas for their office space. To better track these changes, and as a follow-up to a previous study at the start of 2020, we surveyed 1,242 visitors to CommercialCafe and sister company websites about the driving motivators behind their current office space searches. While nearly a quarter said their search had been prompted by a need to downsize their office footprint, roughly 16% of those who completed the survey said they were looking for a larger office space. Core Demands Remain Largely Unchanged, But Tenants Yearn for Luminous Offices, Outdoor Spaces & Safety Measures Extended periods of lockdown and isolation have made many workers eager to escape the confines of an artificially lit office, sealed-off from the outside environment. Interest in CBD Locations Remains High, Amid Revival of Suburban Office In the first months of 2020, real estate professionals were gearing up for changes to their clients' office location preferences due to significant outpourings of population across major U.S. cities, as well as uncertainties regarding the nature of the work schedule to be adopted by various companies. 43% of Respondents Aiming for a Full Return to Office Unsurprisingly, most of those who were actively searching for a new workspace were aiming for either a full return to the office or a hybrid system that requires employees to spend most of their time in the office. CommercialCafe.com offers access to top listings for coworking spaces across all major U.S. cities, including: Expert Insights: An Office Space Only for Work Is No Longer Feasible Some of the expert insights we have gathered can help us fill in the details of what is driving these changes in renting preferences.