Published: 3rd Aug 2020

The overwhelming majority of businesses say they are looking to reduce office space in the near future, as more people switch to home working. A survey by the Royal Institution of Chartered Surveyors (RICS) found 93% of respondents think their business will scale back office space over the next two years as working habits change in the aftermath of the pandemic. But almost two thirds (64%) believe offices will increasing move out to the suburbs, which could help boost local high streets. ‘The reduction in demand for office space in some locations could be used to counter demand for housing, something the government has contemplated through recent loosening of Permitted Development Rights,’ said the RICS’ head of UK government relations, Hew Edgar. ‘However, the proposals are not right and have raised concerns around substandard homes, including building and space standards, all of which were highlighted in a 2018 RICS report. … (To read the full article, subscribe below)