Realty savings from hybrid, remote work 1/3rd of markets’ estimates: Report
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Synopsis
While evaluating emerging workplace trends and the projected impact of Covid-induced strategies on achievable real estate savings, CBRE found that achievable medium-term real estate savings attributable to hybrid or remote working could be one-third of the market estimates.
Agencies
CBRE is of the view that from a workplace strategy perspective, the relevance of physical space will continue, however, the intended purpose of office is likely to be gradually redefined over a period of time; the findings said.
Cost savings from adoption of hybrid or remote working models are unlikely to match the expectation of companies and would offer only one-third estimated benefits, showed a CBRE South Asia report.