Office Needs and Big Changes After the Pandemic
Although the pandemic has been controlled in Vietnam, its impacts on the office real estate market have created new trends in-office needs. The future workplace will be an ecosystem that offers many options for employees in terms of the type of workspace, working time, and amenities around the office.
Major changes in office demand after the pandemic
Early in the pandemic, questions were raised about the office’s role as the wave of remote work took hold. Entering the third year of the global pandemic, the opportunity to experiment with “reluctant” remote work has prompted investors to reconsider long-term office space needs.
Demand for office space is returning to a steady-state, boosted by a slowly growing economy. Some companies are even considering allowing employees to work remotely ultimately or semi-completely. This flexible and autonomous working model makes it easier to recruit talent when geographical distance is no longer the most important factor for both workers and employers. Many companies have reduced a lot of expenses related to housing and fuel for successful candidates. Not only that, but in the context of high gasoline costs and many traffic jams at peak hours, this model becomes more attractive than ever.
While many of our clients have noted that remote work productivity has not decreased, they still believe that increasing remote work will affect long-term productivity, corporate culture, and innovation. and creative. Remote working is also much more difficult for new and low-level employees, requiring time to interact with the community within the company as well as receive direct guidance from superiors. Working from home is especially difficult for large families or with limited housing space in big cities, where it is challenging to have office space dedicated to work.
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New challenges of office needs
The challenge for landlords and tenants is how to inspire employees to choose to come to the office as they gradually expect and demand more of a Grade A building. They need more Surrounding facilities such as convenient parking, health care services such as gym, spa, and diverse retail areas. In addition, that office space needs to have shops and green spaces such as parks, hanging gardens, or trees to create a comfortable feeling. Some businesses with a large number of employees have actively integrated canteens serving food and drinks in their areas. This received great support from the workers.
Besides, the model of working half a week in the office is becoming more popular, especially among e-commerce businesses. Companies in Vietnam are focusing on adding diverse spaces such as one-person rooms for employees who need to be highly concentrated, and long tables placed in flexible spaces to encourage cooperation and exchange between teams. recreation and health care such as gym and restroom. As can be seen, for businesses, offices are an essential tool in retaining and recruiting talent as well as communicating the company’s brand and culture.
The complexity brought about by the global pandemic has required employees and organizations to adapt to retain workers and encourage them to return to the office. “The workplace of the future will be an ecosystem that offers many options for employees both in terms of workspace type, working time, and amenities around the office.
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