Equiem releases results of 2020 global office tenant survey
Global property technology company, Equiem, has published the results of its most comprehensive global office occupier survey to date, providing landlords and tenants alike with insights into occupier sentiment amid the Covid-19 pandemic.
Hosted via Equiem’s world-leading tenant experience platform, which is used by over 175,000 office workers worldwide, the study provides insights into the impact of Covid-19 on workers' remote work situations, expectations for their return to the office and health and safety concerns. In addition, Equiem interviewed owner and managing agents representing over 20 landlords - adding further perspective of what systems, protocols and other changes landlords will need to implement in order for tenants to feel safe when they return.
The survey was conducted in April and May 2020 when most buildings were locked down and the vast majority of workers were at home; more than 4,500 responses were collected from across the Equiem’s vast US, UK, Ireland and Australian portfolio.
According to the study, occupiers are productive at home, but struggle with sub-optimal work environments and a lack of interaction with colleagues. Some 82 per cent of occupiers reported to be as or more productive at home, however 45 per cent missed conversations with colleagues. In addition, 56 per cent desired better work setups, 25 per cent wished for better access to home health and wellness options and 18 per cent needed better access to work-from-home resources.
Sixty per cent of occupiers meanwhile, won’t return to office until "it feels safe.” Critical factors for them to return are information and communication. Upon returning, over 80 per cent of occupiers expect up-to-date information on active in-building Covid cases, new safety procedures (including use of facilities), and cleaning procedures from their landlords or company. Over 60 per cent also expect current office density information to be available.
Occupiers who worked in-office during lockdown anticipate a greater risk of infection once everyone returns. Forty five per cent believe the office presents a low to very low risk of infection during lockdown, with this number dropping to 22 per cent when lockdown ends.
Tenant experience platforms have become important channels to acquire information for occupiers. Seventy per cent of occupiers believe Covid-19 related updates on their Equiem platform have been highly valuable.
Remote work is here to stay. 65 per cent of occupiers expect to work from home once a week or more once restrictions are lifted, compared to the 28 per cent who were doing so before. Landlords similarly agree that there will likely be an increase in remote working post-lockdown.
Australian occupiers believe they are more productive than before the lockdown, while US and UK occupiers believe they are as productive as before.
Effective density management is key for both occupiers and landlords. Forty eight per cent of occupiers believe changes are required to reduce likelihood of incidental contact, while 58 per cent of landlords are concerned about controlling and monitoring social distancing, particularly in lifts and reception areas.
Building occupancy remains extremely low. Seventy two per cent of office buildings had less than 10 per cent occupancy, while 17 per cent reported occupancy between 10 per cent to 20 per cent
Landlord’s and property manager’s biggest concerns include adhering to social distancing measures, managing lift/elevator access, increased cleaning and maintaining air quality in the building.
Changes planned to accommodate tenants returning to work include installing cardless entry, new/improved air filtration systems, changes to communal spaces and frequent cleaning of elevators and amenity spaces.
Landlords have varied predictions about the future: 75 per cent of landlords envision a medium transition with business as usual by the end of the year, whereas 17 per cent of landlords see a short transition (BAU by July/Aug), and 8 per cent see a long and slow transition – 12 months or more– ramping up to a new standard of security and cleaning requirements.
With over 9,000 companies registered, more occupiers use Equiem’s tenant engagement platform than any other in the market. A key element is the data analytics stream which provides clients with current information about how users are interacting with their buildings and the service they expect from their landlords.
Gabrielle McMillan, Equiem CEO, says: “The Covid-19 pandemic and subsequent lockdown period has accelerated the evolution of the office. More occupiers will work from home after lockdown ends, therefore owners need to be even more proactive in understanding their needs and delivering solutions to address them. They will need to rebuild trust with occupiers, reposition the office as a safe and productive environment, while being able to communicate with tenants who are in the office and at home.”