Working from home isn’t going away anytime soon.
Since 2020, a huge portion of the Australian population has taken up working from home. At first, it was necessary, but now, many workers prefer to continue to work from home, rather than return to the office. In Sydney, this is the primary reason that so much prime commercial office space is sitting empty, and it’s time for businesses to take advantage of this opportunity.
If you are looking for a new office lease or lease re-negotiation in Sydney, click here to get in touch with us today.
What does the research say
Many employees report feeling more creative outside the office. Moreover, productivity has been shown to increase for a significant percentage of the average workforce. In fact, 83% of employees feel that they are more productive when working remotely, whether that be from home, or another location that is not the office.
On the other hand, there are studies that suggest remote working might not be as productive as initially thought. However, comprehensive research from Ergotron confirmed a number of important findings, including:
- 56% of employees said that their mental health improved.
- 75% of respondents said that they are more physically active, moving more throughout the work day.
- Three quarters of workers said that their work-life balance improved greatly. Many cited the extra time they had thanks to no longer commuting to the office.
- 88% of employees say that it’s essential to have a flexible working arrangement, with balance between working at home and in the office.
The direct link between employee wellbeing and productivity cannot be overstated. Happier and healthier workers are always more efficient, leading to improvements for businesses at large.
How can businesses leverage this situation?
Sydney businesses can leverage the WFH surge by saving money on commercial property. As we’ve seen in the city, many buildings have a glut of space available, and more businesses are downsizing. If you are able to downsize and save on rental payments, while maintaining an effective workforce, you are doing well.
At Niche Advisory, we enable organisations to unlock and leverage the opportunities that arise from the creation of a new workplace solution – from optimising processes to lifting productivity levels, improving corporate culture, and future-proofing the business. In the current WFH climate, that means creating a more viable strategy for your office space and remote workers.
The space that remains should also be optimised for flexibility. This will ensure that employees remain comfortable at work, and reap the benefits of a comfortable working environment. Every employee will be more productive when they have more choice about where and how they work. When a business capitalises on this, productivity will improve.
Expert commercial lease advice
Get in touch with Niche Advisory today for more information on new commercial leases, as well as lease re-negotiation.
We can’t wait to hear from you.
