Manova Partners: Hybrid working models are becoming established in the long term – companies are holding on to office space
Hybrid working has established itself internationally as an integral part of modern working environments. This is shown by a global survey by Manova Partners among 73 office tenants surveyed. According to the survey, 70 percent of companies continue to rely on hybrid working models with a combination of office and home office work. At the same time, the demand for office space remains largely stable: 59 percent of companies state that their requirements for office space have not changed. While 14 percent will need less space in the future, 15 percent even report an increasing demand.
"The results underline a structural change in the office market: hybrid working is no longer just a passing trend, but the new basis for the workplace strategy. At the same time, companies are not turning away from the office – they are becoming more selective," says Dimitri Maillard, Co-Head of Asset Management Europe at Manova Partners. "In European markets, demand is increasingly focused on well-located, high-quality and flexible spaces that promote collaboration and employee satisfaction and comply with the latest ESG requirements. For owners and investors, this underlines the importance of adaptable space concepts that can respond to changing user needs."
Hybrid work remains at a high level internationally
Compared to the 2021 survey (69 percent), the development remains stable overall. At the same time, however, regional differences are apparent. While the prevalence of hybrid working models has increased significantly in Latin America from 74 to 93 percent and in Western Europe from 74 to 80 percent, the CEE region has recorded a decline from 74 to 61 percent. Only 19 percent of respondents work completely without a hybrid model.
