WFH and the shrinking commercial footprint

These last 90 days or so have shown the working population of our country that it is possible to work from home. For some of us, me included, it has been a mixed blessing. I've been able to wear my tracksuit every day, not shave and see my wife and kids more. But I have also missed my colleagues and the hustle and bustle and downtime of commuting.

However, where I have landed for the now foreseeable future is working 3 days a week in my local office close to home and 2 days a week from home. My story is no doubt replicated throughout our economy. So, what does this mean for the commercial leasing world?

I have read a lot of commentary and am already fielding calls from my clients about how they can reduce their commercial office footprints. People are recognising that their existing footprints are now too big or rendered redundant as their workforce is spending a chunk of their working week now at home.