Large corporates with massive real estate portfolios were forced to reassess their work models due to the evolving conditions in 2020. While most companies have comfortably operated in a remote work environment, there are genuine concerns around the sustainability of remote working for prolonged time and its impact on work culture. There is an ongoing debate on the efficacy of work models that will pave the way for the future of workspaces – Conventional, Remote or Hybrid, as we already begin to see workforce flocking back to offices with the second wave showing signs of waning.

Key Takeaways:

*The current pandemic has changed the way we access work throughout the globe. Going ahead, a work model that offers flexibility and choice to employees while simultaneously giving organizations the agility they require is likely to be sustainable in the long term.

*Tech adoption in commercial real estate sector is imminent. From space management, contract tracing to analytics driven behavior, companies are increasingly banking on technological trends which are here to stay.

*According to Awfis Workspace Survey, a combined 72% of the respondents favor a hybrid work model and 58% of the participants expressing an interest to work from the nearest branch office/ or coworking space provided by their employer

*Workspaces have to be agile, consist of a setup that can be folded and unfolded as per employee demands. Sustainability and employee wellbeing will become the major drivers of workplace.

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