Survey Overview
In March 2021, the Savills Technology Practice Group issued its second Tech Tenant Impacts survey to measure the evolving sentiment around tech workplaces in the wake of COVID-19. Without any approved vaccines at the time, when the first edition of this survey was released in August of 2020, the prevailing sentiment was one of uncertainty, as a return to any kind of normalcy remained a distant prospect.
Six months later, more clear trends are emerging for how tech tenants anticipate that this past exceptional year of remote work will impact the future of the workplace.
- FLEXIBLE WORK IS THE NEW NORMAL:
73% of companies expect that employees will be in the office at least three days a week, and only 4% of companies anticipate that employees will work from the office all five days of the week.
- SOME EMPLOYEE RELOCATIONS:
79% of companies have allowed at least some employees to relocate permanently away from their previously assigned office, but these relocations largely represented a small share of companies’ overall employee bases.
- WORKPLACE DESIGN THAT EMPHASIZES HOTELING AND COLLABORATION SPACES:
67% of tenants answered that hoteling will be more important than pre-pandemic, and 45% answered that collaboration spaces will be more important than pre-pandemic.