Last year the office market was full of challenges, demand for rented sqm decreased due to decisions held by tenants, and the vacancy rate increased due to the reduced absorption compared to the space delivered for use. The amount of space devoted to sublease has also increased, mainly in the financial industry. The challenge for tenants was to estimate the target use model for office space and the difficulty in determining what their future demand for square meters will be. There was a growing need for flexibility in terms of the length of the lease – contracts were extended for a shorter period more than in the past. Among the companies that started to prepare for the hybrid work model, there was a greater demand for services related to the work environment strategy and change management.
“In 2021, we see an opportunity for an increase in demand. Due to the termination of fixed-term leases, tenants will finally have to take postponed decisions. At the same time, companies will better understand their own needs and business environment in the pandemic. We also forecast greater interest in flex solutions due to We are also counting on the next wave of business relocations from Western or Asian markets to Poland. Additionally, in 2021 we will be able to observe how far companies will go in promoting remote work among their employees. In my opinion, in the next year, companies wanting to generate savings, they will test the partially forced model of remote work, while in the next period we will observe the correction of this phenomenon – longing for the advantages of office work and partial return to offices, thanks to which we will know the real impact of the pandemic on the development of a hybrid work model “- assessed the head of the sector office at CBRE Łukasz Kałędkiewicz.
