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The new normal is a small office. More than half of companies plan to reduce space, as working from home will continue even after the end of the Covid-19 pandemic.
According to a survey by Cisco Systems, the world’s largest manufacturer of networking equipment, 53% of the largest companies plan to reduce their office space and more than three-quarters will increase work flexibility . In addition, almost all respondents are not comfortable with the idea of going back to work in the office for fear of contracting the virus.
The results of the study in which 1,569 senior managers participated, anticipated by Bloomberg, suggest that many of the radical changes in work life this year will continue long after the pandemic ends.
The survey, conducted for Cisco by Dimensional Research, concluded that working from home is the new normal. More than 90% of those surveyed said they will not return to the office full time. 12% plan to always work from home, 24% will work remotely for more than 15 days a monthWhile 22% will do it 8-15 days a month, and video conferencing through Zoom, Microsoft Team, or Cisco Webex will become common business tools. For employees returning to the office, Webex is adding environmental sensors that connect to their current video conferencing system. This will help companies identify overused and underused spaces, while respecting the capacity limits of the environments.
If this is the scenario for the near future, it becomes The fate of the new skyscrapers where large groups have concentrated their headquarters and offices is unknown. in many cities of the world, now empty cathedrals, from New York to Milan. Two examples: Hudson Yards, the new neighborhood adjacent to the High Line, Manhattan’s park built on the tracks where the train passed along the Hudson River, and Porta Nuova in Milan. Ad Hudson yesrds, among others, they have moved the headquarters and offices of BlackRock (rented) and KKR (I buy). But the desert caused by Covid, which emptied the offices, has already bankrupted the luxury department store Neiman Marcus, the North Star and the largest tenant of the new shopping center. Also in Porta Nuova, the skyscrapers occupied by Unicredit they remain very empty.
