The COVID pandemic impacted commercial real estate and caused companies to reassess their office space needs. While remote work and hybrid models have become more common, the value of the in-person workplace is also clearer. Companies are evaluating the size and design of their office spaces, considering factors like the number of employees in the office each day and what amenities they need. Understanding current trends can help when companies are assessing their office property investments.

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T
he COVID pandemic impacted nearly every facet of
the business world, especially the physical office
work environment. While countless challenges and
uncertainties have evolved since the onset, one element
that continues to become clearer and grow stronger is
the value of the in-person workplace.
This also comes with a greater understanding of new
remote innovations and hybrid working models that
emerged with a more digitized and democratized
workforce who not only desires flexibility in the work
arrangement, but strongly agrees that the office is a
major component for success.
Companies are reassessing space needs - size and
design - evaluating space productivity considering the
number of employees or hours occupied in a day/week,
what amenities are needed (kitchen out? tech rooms
in?), and what employees expect when in the office and
from the hybrid model.
■ This is a good time for an investment in the
long-term value of the property. See also -
Blend Tax Strategy and Sustainability for Long-
Term CRE Value.
To better understand what employers are considering
when assessing office properties, we identified key
trends and insights on the latest developments
around Returning to the Workplace and the preferences,
views, and beliefs of those using the office. (Also
available on the Gibraltar blog.)
Companies Are Reassessing Space
with a Rent vs Productivity Calculation