The pandemic-era work from home revolution appears to have come to an end in 2022. Companies, particularly global leaders in technology like Apple, now demand that employees spend at least some of the weekdays in their dedicated office space.
This year, the commercial office space is evolving rather than going through a revolution. Commercial spaces are changing quickly as businesses adjust their operations to the new normal after realizing that 2019 is no longer the year of business as usual.
1. What will the global commercial real estate market be worth between 2019 and 2022?
The value of private nonresidential construction activity and corporate profits are expected to shrink dramatically in 2020, causing a 17.8% decline in the commercial real estate industry’s revenue to $893.2 billion.
2. Do you require long-term commercial office space?
Yes | 60% |
No | 40% |
3. How Is the Corporate Sector Being Improved by Our Commercial Office Space?
Name | Percentage |
Organization | 33.3% |
Corporate | 16.7% |
Industrial Sector | 50.0% |
Over the following several years, flexible office space is expected to increase by 34%. According to 26% of respondents, they would return to work by the end of 2022 after leaving the COVID office.
Agree | Strongly Agree | Neutral | Disagree | Strongly Disagree |
45% | 20% | 50% | 15% | 11% |
4. Do Workers Want Flexibility in Their Workplace?
Name | Percentage |
Own Office | 10% |
Own Desk | 20% |
Move Around | 30% |
Stay There | 40% |
5. Employee Preference for Commercial Office Space Layout?
Relaxing space | (14%) |
Quiet spaces | (13%) |
small collaborative spaces | (11%) |
large meeting rooms | (11%) |
personal spaces | (48%) |
6. Does Your Business Need Open Office Space For Staffing?
Name | Percentage |
Sometime | 43% |
Yes | 20% |
No | 52% |
7. Do you understand how sharing office space and furnishings affects your productivity?
Quickly and effectively | 23% |
Work together | 29% |
More collaboratively | 31% |
Creatively | 26% |
8. Which Aspects of Our Office Space Service Have You Found Satisfactory?
Name | Percentage |
Flexible | 40% |
Strategic Seating | 35% |
Reception Area | 25% |
Dedicated Space | 47% |
Even though each employee had their own flexibility with office space, 25% of workers said it was a trait they valued in a workplace.
9. When did you begin utilizing our business offices?
1 Year | 34.8% |
3 Month | 15.4% |
4 Month | 19.2% |
6 Month | 30.9% |
10. Is there a rise in the demand for commercial office space?
Answer Choice | Rate |
Yes | 55% |
No | 45% |
In 2020, commercial real estate (CRE) saw considerable volatility. The world economy was caught off guard by the COVID-19 epidemic, which caused a significant decline in market conditions. 2020 was a bad year for commercial real estate, despite the fact that many markets started to improve near the end of the year.
10. Did We Live Up To Your Expectations?
Details | Expectation |
Reliability | 31% |
Responsiveness | 55% |
Assurance | 19% |
Empathy | 5% |
Between 2017 and 2022, the size of the US commercial space in the real estate market shrank by 0.5% year on average (IBISWorld). In the US, there are over 2.25 million companies that deal in commercial real estate. Industrial property demand was one of the few shining lights in the commercial real estate market. This is as a result of the pandemic-related increase in inventory storage requirements as well as the ongoing rise of e-commerce. Get connected with ecommerceBD.
