During the COVID-19 lockdowns, the share of office employees working sometime or usually from home (WFH) more than doubled from 28 percent in 2018 to 67 percent in July 2020 across the EU 27 region. To measure the possible impact from WFH, AEW developed a data-driven market resilience ranking that measures across its 25 office markets using five key variables.
WFH will return to normal levels but continue its long-term upward trend. This is the basis for AEW’s estimate that 37 percent of office workers will WFH sometimes or usually by 2024 across the EU-27 region.
The reduction in the office space per employee over the last decade is a confirmation of the long-term viability in WFH, supporting the increased conversion of traditional office to flexible and serviced office services.
Secondly, each market’s year-end 2020 vacancy rate is taken into account. It is assumed that markets with a high vacancy rate have a higher vulnerability to WFH compared to markets
