How the residential and office real estate markets will change in the next 5–7 years

The impact of the pandemic on office real estate has been very strong. The sector has experienced a shock due to the transition of employees to remote work: in some organizations, 100% of employees began to work from home. The result was a rebuild of the office system.

The role of the HEAD office will change

Pendulum migration goes down in history, when an employee arrives at the workplace in the morning and leaves it in the evening. Shelters for collective work in a single space are no longer a necessity. Head offices are turning into points of attraction, retention and development of talent. Therefore, companies will have to shift the focus of their strategies from increasing productivity to optimizing communications.

Companies will open additional offices on the outskirts  of cities

In megacities, suburban transit hubs may become attractive for this purpose. The use of additional offices will reduce the time employees spend on the road and reduce their dependence on public transport. However, due to the growing uncertainty in the economy and the resulting push for cost-cutting strategies, employers will be renting additional offices for the short term.