The future of working life: Why the home office will remain after Corona

The future of working life: Why the home office will remain after Corona

Since the outbreak of Covid-19, the world of work has changed drastically. More and more companies are relying on home offices and flexible working models, even if some are trying to lure their employees back to the office. This development is expected to continue even after the pandemic.

According to a report by www.sueddeutsche.de,

As an economist, I can confirm that this change will have far-reaching effects. On the one hand, the demand for office space will continue to fall, which will present real estate companies and investors with new challenges. At the same time, the needs of workers will change, which will influence the development of residential real estate and the demand for certain residential locations.

The shift to home offices also has an impact on retail and restaurants in city centers. Fewer commuters means fewer customers for companies in central locations. At the same time, rural regions can benefit from the increased preference for residential properties outside metropolitan areas.

The long-term economic impact is complex and will be influenced by other factors, such as the development of digital infrastructure and the adaptation of companies to new working models. Nevertheless, it is certain that the changes in the world of work will also have long-term effects on the real estate market, retail and the local economy.