U.S. office demand to decline as remote work continues
Moving further into 2021, there has been much discussion about how the COVID-19 pandemic will redefine the office sector in years to come, as an increasing number of companies turn to a work-from-home model.
According to a new report by Aon’s The Townsend Group, office demand in the U.S. is expected to see a 9 percent to 12 percent decline over the next three to five years, as the pandemic has shown the effectiveness of working from home.
The report notes overall company sentiment about “never” working from home dropped from 87 percent to 60 percent due to the pandemic. At the same time, the “always working from home” sentiment went up 7 percent.
Not all companies will go fully remote, but instead opt for a hybrid model, according to Townsend. In the long term, Townsend projects the majority of the workforce will return to the office on at least a weekly basis, but the average amount of days in the office per week will decline.