What does ‘hybrid working’ mean for the CRE market?

What is hybrid working?

At its simplest, hybrid working means that some employees work from a central office and others work from home or at another location. But it may not be the same ones working in the office all the time, or the same ones outside the office. Every employee can, potentially, do some of both. McKinsey has a continuum of six distinct models ranging from ‘limited remote work, large HQ’ at one end of the spectrum to ‘mostly remote work, no office sites’ at the other.

Boston Consulting Group concurs. “At the corporate level, no single policy or programme is likely to fit all circumstances and combinations of remote and on-site work,” it says. “Employers must experiment with a range of solutions to address these diverse needs and concerns.”
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RSK: The Hub n Spoke method will help to keep suburban office parks full. The Hubs may be a bit smaller than the spokes...but there will be more spokes to even it all out in my mind. Will this save companies money on occupancy costs. If they rent most likely since downtown hub space is usually much more costly than suburban spokes would be.

Ken Notes: The key to any of this will be a working outcome based evaluation system.