Commercial Real Estate Trends of 2022

In 2021, every sector was affected by covid-19, including commercial real estate. The government suggested that many people work from home if they could. This had a massive effect on the offices around the cities. Now, there are thousands of businesses that have given their employees the option to work from home. It has had a large impact on the interest in commercial property.

The main question for this year is, how many businesses will return to commercial buildings? Many companies are not even considering going back to the office environment. Simply because it will cost the company too much.

Here, we will look at the statistics from 2021 and the trends at the back end of last year.

Real Estate as a Service Develops

As stated in the intro, we have seen many businesses encourage their employees into hybrid working. Some work a couple of days a week at home. The rest of the week they spend in the office. According to a study from the Chartered Institute of Personnel and Development. 40% of employers expect at least half of their employees to work from home once the pandemic has gone.

This is one of the reasons why businesses are incorporating a hybrid style into their business. Many are considering renting out an office for two or three days and keeping it closed for the rest of the week. So, how are commercial landlords adapting to this? Businesses now have the option to sign membership packages. It is where they say to a business that a certain number of their employees are allowed to work in the office. This is something that we are expecting to see more of in the offices across the country.

Demand For Prime Offices Will Increase

With employees only going into the office a few days a week, employers will want to make the office special. It will be a selling point for many employers, trying to lure people into working in the office more.

Employees will want to see something that stands out, showing why the office is a better working environment compared to home. The demand for these prime offices is already happening in major cities across the United Kingdom.

One thing that needs to be mentioned is that these offices will need to be more sustainable. With the ongoing issues regarding global warming, the world is making drastic changes in the hope to save the planet. Furthermore, offices in major cities also need to make these changes. Encouraging recycling is something that should be heavily encouraged. Another thing that should be encouraged is a bike to work scheme for businesses. This is where businesses can reward people for not using public transport or driving to work. Offices are restricted with how they can be more sustainable, therefore the thing that they can do, they need to act upon.

A Larger Focus on Technology

If a business wants to encourage a hybrid setup for its employees. It will need the technology to back it up. The metaverse is a great example of this. Although it is very new, there are many people out there who are pushing the progress on the metaverse, in hope that this will improve the whole working from home style.

According to a survey, around 75% of businesses will look to work with property technology businesses. Many businesses will now be looking to improve the technology they currently have and be more advanced. New home buying apps available, from fun apps to time-saving productivity tools.

Demand For Data Storage Will Increase

With more people working from home, the demand for data storage will also increase. There have been thousands of businesses that have made the move towards technology. All of this will only increase the demand for data storage. Although there will be many businesses making the move towards the cloud, much larger businesses will look to look for a more cost-effective storage system.

Demand For Physical Storage Will Increase

The world has had several issues with the demand for materials. This is why many businesses will be looking for larger storage units. So they do not run out of stock. They will ensure that they don’t face the stock issues they have had over the past couple of years. If the demand for offices continues to decrease, do not be surprised if they turn into storage units or leisure facilities. 

To Conclude

There will be many changes to commercial real estate thanks to the pandemic. Businesses will constantly be thinking of ways to save money, whether through a hybrid working style or, having a complete work from home policy.

Many people have found out that they like the idea of working from home. Nonetheless, there are a lot of people out there that prefer to work in the office as well. If a business wants to save money, they will encourage a hybrid working style with their employees.

Many businesses will encourage a hybrid style of work. If they are having to rent a commercial property in London, they are going to have to worry about maintaining it. For example, they may require commercial cleaning in London for their property to be cleaned. There are thousands of commercial properties around the country that will require some sort of specialist cleaning service. Commercial property can be expensive and one thing that the pandemic has proven is how much money businesses can save.