A new survey by MRI Software and CoreNet Global shows tenants expect changes in space usage patterns post-Covid-19 whilst landlords don’t.
MRI partnered with CoreNet Global, the leading association for corporate real estate professionals, to survey 200 tenants and 50 landlords across a broad cross-section of industries worldwide.
Presented in a report, MRI Software Market Insights: Getting Back to the Office, the findings show that over half of business occupiers plan to lease less space after the pandemic, yet over half of landlords don’t see their tenants’ requirements changing:
Additionally, 71 per cent of commercial occupiers who participated in the survey indicated the mass shift to remote working during the pandemic has fundamentally changed their long-term approach to space usage, with 69 per cent anticipating no lasting impact from the pandemic.
Presented in a report, MRI Software Market Insights: Getting Back to the Office, the findings show that over half of business occupiers plan to lease less space after the pandemic, yet over half of landlords don’t see their tenants’ requirements changing:
One area where both corporate occupiers and landlords are in clear agreement is on the need to adopt technologies to handle changing requirements as the pandemic abates, with even those confident in current capabilities planning to extend their existing set-ups and/or deploy new workplace management tools.
The results show that 83 per cent of occupiers and 64 per cent of landlords plan to adopt new technologies, while 77 per cent of tenants and 68 per cent of building owners/operators intend to expand their current solutions.
Other significant takeaways
Brian Zrimsek, Industry Principal, MRI Software, comments:
"Many of the findings were expected but the differences in outlook between commercial occupiers and their landlords were particularly surprising.
The good news is that both tenants and real estate owners see the benefits of bringing the workforce back into the office.
Together, they now have an opportunity to align their approaches and partner to ensure that employees work even more effectively and safely as their companies adapt to new standards, practices and configurations.
"The pandemic has accelerated technology adoption trends that were already taking place.
As employees return to work, both commercial occupiers and landlords realize that PropTech tools will be essential in rethinking workplace management strategies, reassessing lease portfolios, and managing flexible office requirements."
