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Office Recovery: The Great Experiment

Key takeaways: • The great hybrid work experiment is beginning, with most companies (58%) saying they will implement a hybrid model of work. • In this experiment, flexible office spaces are expected to make up about 6% of future total office space in the market. • Office vacancy is predicted to increase by another 5.7% over the next few years, a forecast that is holding steady from our June 2020 report. • When making decisions on office space, employers rank employee productivity, culture, and collaboration as more important than operational savings.

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Canadian National Market Snapshot – Colliers Canada – Q1 2021

Key Highlights: • Q1 2021 brought both the vaccine rollout but also renewed lockdowns, however, this time around many businesses knew how to respond, resulting in minimal job losses. Although sublet space remains an issue, the flood of space coming to the market has slowed, and some believe as 2021 progresses, and employees start returning…

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How The Collective is helping tenant’s get back to the office.

Link to The Collective When the pandemic sent us all home last spring, we were all faced with the same question in our businesses, what do we do now? The one thing that was consistent, was that nobody had experienced this before, and it was new territory for all. We knew that there were tough…

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