Big property changes
Quarter of firms expect to cut office needs
Some offices will be surplus to requirements
One in four firms expects to slash their office needs and almost a third of executives will travel overseas less often as the pandemic impacts on working patterns.
The findings emerged in a survey of more than 200 executives in Scotland and could have significant implications for the commercial property and travel sectors.
Almost half (46%) of respondents to the poll by law firm CMS said they are planning to work from home more often and 29% say they will do less international travel. Only 24% expect no change to how they will work post-Covid.
However, in spite of the shift away from office-based work, only 21% of respondents believed homeworking was better for employee productivity.
The survey is published just days after Mike Irvine, director in Savills office agency team in Edinburgh, questioned what he called the ‘knee jerk’ reaction of some companies to reduce their office space in the wake of the pandemic.