Publications

- December 1, 2022: Vol. 16, Number 11

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Office picture remains unclear despite improved usage rates

by Marek Handzel

Office usage rates are improving, but conversely, desk usage statistics indi­ cate that a  return  to "old  normal" working practices remains a long way off.

In its latest European monthly research report, AEW has said it is still too early to con­ clude at what level office demand will finally stabilise as companies define their "new hybrid working practices".

Beyond headline vacancy rates, which appear to have stabilised at below 7 percent, AEW says actual office use statistics show a dif­ ferent picture. Data from Savills, for example, says that less than 44 percent of office workers access their offices across its sample of Euro­ pean multi-let CBD office buildings. In com­ parison, the average share of office workers using office space over the course of a working week in February 2020 was 75 percent. The report points out that Savills' data is similar to that compiled by JLL and Remit Consulting. "Despite many businesses remaining in transi­ tion with th

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