Teleworking is not a result of the current conditions associated with the Corona pandemic, but it has taken root in its impact, as evidence that this type of work existed before with the expansion of the Internet and the development of smart devices, communications software, applications and cloud storage systems. Recent studies have shown that the remote job market has witnessed a growth rate of nearly 90% during the past decade, which means that the current times are preliminary indicators to pave the way for radical changes in the labor market and international work culture in the long term, so that the principle of remote work becomes a firm principle with Most companies.
This development will push companies to break away from the traditional concept of teamwork, which requires offices within buildings, and this may affect the office space market, so demand will decrease at a time when companies will invest their investments in providing employees with the necessary equipment to work remotely, and are working to raise the number of employees without The need to have an office, equip it and incur daily operating costs.
Perhaps that goes beyond getting rid of the burdens of recruitment fees and housing costs. One of the most important advantages of working remotely is that it exceeds the limits of time and space together.
So .. there are new challenges that will occur in the office market in the future, it will change companies ’trends, and will change with them the levels of offices’ needs and sizes, and demand for them is expected to shrink, which will put the office space sector in front of new bets.
Activists in it must develop solutions for them, bearing in mind that the office market has been characterized by its stability throughout the past periods, while other real estate sectors have suffered from a kind of instability, and in exchange for this the storage space market may record an increase in demand, after the boom in the trade sector. e.
The challenges are clear, and the changes are contained. Will the office space sector be able to deal with it and absorb its negative effects, in order to continue its activity and spare the market to enter a cycle of turmoil that is indispensable?
In general .. Will the office space sector overcome the set of challenges and challenges that await after the crisis?
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The demand for office space may decrease, as work increases remotely.