Research - AUGUST 18, 2022

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Hybrid office model may be here to stay, says JLL survey

by Kali Persall

The COVID-19 pandemic may have permanently changed the way people work and do business; however, the office isn’t going anywhere. A new global report from JLL, Future of Work Survey, found 72 percent of decision makers believe the office is critical to doing business.

As work moves back into the office, a hybrid model, which has proven its viability, could be here to stay. JLL’s report notes 77 percent of commercial real estate leaders agree that offering remote or hybrid working will be critical to attracting and retaining talent in the future.

Throughout the next several years, companies expect hybrid work to become the dominant model and will be looking across their real estate portfolios to rethink their office spaces, invest in new technology and prioritize sustainability. Some 43 percent of companies are planning to accelerate investment in flexible space between now and 2025, and 51 percent will lease flexible space through a third-party provider.

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