Physical offices here to stay

A major survey by major research company CoreNetGlobal reveals that business demand for physical office space is not likely to decline soon. According to the findings of its membership survey, 60% of respondents agreed that “Alternative workplace strategies such as the virtual office will play a conspicuous role in some sectors, but physical place will predominate when we consider the totality of corporate real estate.”

 

CoreNetGlobal explained the continued attraction of an actual office by reference to the social aspects of people working together. “Most people want to come together to work each day, and the recognition that work does have a strong social component to it will continue in 2020. Physical space will remain important for corporate branding, collaborative activity and innovation.”

The results of the survey fit in with the experience of Search Office Space whose sales consultants have continued to see strong demand for actual office space in London, though inquiries for virtual office space are certainly rising – possibly fuelled by transport fears over the Olympics.