An anonymous poll of around 2,000 businesses and consumers found that a vast 92% of companies have imposed either a partial or complete return to office policy, according to the Annual Movers Index from Virgin Media O2. With the survey discovering that a majority of employees cited several benefits of being in the office more regularly such as forging meaningful connections with colleagues and improving mental health, the trend is likely to continue. However, the key question is what the resulting effects will be on urban areas.
With 28% of UK landlords determining that apartments in built up cities have been the superior investment choice over the past year, and this number being even larger in areas like London, Wales, and Scotland, it is crucial to consider all the economic angles. While there are challenges that exist for landlords such as indecision from occupiers, data from Savills has revealed that prime office rents are maintaining a 4.2% year on year increase since covid-19. As the capital expenditure costs are ever increasing for owners due to occupier tastes, it is such office spaces that can provide the best sustainability ratings among other benefits indicating its upside. This webinar will analyse the impact of a return to office on landlords and occupiers alike and how we will progress moving forward.