The Covid-19 pandemic accelerated this and we have seen some organisations move to a home working model for the foreseeable future. Firms are downsizing and avoiding long-term leases due to the economic uncertainty as a result of the pandemic.
Home working has its benefits to companies who save on overheads however landlords are struggling to fill the vast number of spaces available. Unfortunately, when landlords do eventually source tenants, they are met with the huge task of adapting the office space to suit their needs. This can be costly and time consuming!