COVID-19 Impacts on the Technology Industry – Savills

Link to Study – Savills

  • EXPECTED DISPOSITIONS:
    55% of respondents anticipate looking to dispose of at least some portion of their space in the next 12-18 months.
  • A RISE IN FLEXIBLE AND FULL-TIME REMOTE WORK:
    59% of tenants responded that less than 10% of their workforce was full-time remote pre-COVID-19. When asked what share of their workforce they anticipate working remotely full-time in a post-pandemic world, only 16% of organizations expect less than 10% of their workforce being remote.
  • LACK OF CONSENSUS ON FUTURE OF WORKPLACE DENSITY:
    While some organizations expect no change in density planning in a postvaccine world, 34% answered that they will need more rentable square feet per seat going forward.