Increased remote working as the workforce gradually returns to the office poses a threat to office demand. Yet, the major Nordic markets will escape relatively unscathed.
There is still a great deal of uncertainty about the future use of the office, and many hybrid solutions are anticipated. This unpredictability demands greater flexibility in terms of access to the workspace.
The COVID-19 pandemic has radically altered the decision landscape for corporate office occupiers. Corporate real estate leaders are increasingly aware of the need to find solutions that balance talent, location, occupancy and design & experience in order to drive successful outcomes in 2021 and beyond.
Copenhagen office-based employment is expected to drop in the short term, resulting in higher vacancy and dampened leasing activity. Indeed, historical data are showing an almost perfect negative correlation between the growth of office-based employment and office vacancy in Copenhagen. But the outcome doesn’t necessarily have to be decisively negative.