Portrait of Fergus Hicks

Fergus Hicks

Real Estate Strategist, REPM Research & Strategy Team

On entering the crisis most office markets were in good health, with low vacancy rates, contained development pipelines and rising rents.

In the near term the focus will be on ensuring that social distancing can be observed when workers return and on adjusting operating procedures, such as enhanced cleaning regimes and changes to lift usage.

In the medium term attention will shift to if and by how much occupiers will reduce their office footprints following the success of mass home working through the crisis.

One thing is clear: the landscape has changed.

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