Demand For Hybrid Office Work On The Rise

Despite the rise in the work-from-home movement, demand for office space remains strong.

According to CBRE Australia and New Zealand CEO Phil Rowland, hybrid working is by no means the death of the office.

“Most organisations are acknowledging flexible working is here to stay and there’s a real acceptance of different work settings, which is a really important shift that’s taken place,” Mr Rowland said.

“But we’re also seeing the amount of time that organisations are expecting their people to work in a non-office environment reducing, from three or four days to an average of 1.7 days out of the office.

“But it’s not a one-size-fits-all situation, and hybrid working is by no means the death of the office.”

Mr Rowland said the most in-demand offices are those designed to much closely suit the profiles of diverse work activities.

“Those offices newly built or under construction that are well designed and well located in precincts that enable people to live, work and play are becoming really, really important offerings in the market and are being taken up strongly by occupiers,” he said.