The pandemic has created a sudden disruption to the way we communicate, work and shop. With the global economies recovering and the normalcy depending heavily on vaccination, the length of this slowdown in the office space demand remains uncertain to this date.
Further, COVID-19 has accelerated the need for significant changes in the real estate industry especially in the office real estate industry. In these unusual and uncertain times occupiers in Hyderabad are bracing for a new era of work in looking to optimize their real estate portfolios. As economies and businesses emerge from crisis mode, it’s clear that COVID-19 shifted major forces that were already in the process of accelerating the working environment. The importance of digital has become paramount as physical distancing and contactless interactions are the need of the hour.
However, we at Colliers international strongly understand crucial facets of workplace such as work force engagement, productivity, comfort, a sense of connected towards work environment and focus one attains in the physical environment. The below infographic tell us the top struggles workforce faces when they work remotely.
Large number of occupiers and developers across world and even in Hyderabad are exploring ways to diversify sources of revenue, pursuing new digitally enabled business models and focusing on workforce experience. This pandemic has made those developers and occupiers who haven’t invested in building digital, health & wellness capabilities will need to catch up quickly.
What occupiers are saying about their workplace strategy
We at Colliers believe that remote work or work from home will be a supplement to the office but can not be a replacement for work from office routine. The recent TimesJobs survey re-iterates the same which can be seen from the below infographic.
We anticipate that Hyderabad which has a large number of juniors to mid-level employees strongly will feel the necessary to work from office. The office will be reinvented and redefined in the corporate real estate world as a destination with purpose thus transforming into an anchor for work.
Physical offices will remain an integral part of the way we work, especially for innovation, problem solving and collaboration. Thus we believe, the office will need to become an experience-based working environment that is purposeful and enjoyable.
