{"id":280,"date":"2022-10-26T13:03:17","date_gmt":"2022-10-26T13:03:17","guid":{"rendered":"https:\/\/www.coworkingcafe.com\/blog\/?p=280"},"modified":"2025-09-25T09:52:58","modified_gmt":"2025-09-25T09:52:58","slug":"covid-19-study-by-boma-shows-tenants-views-on-workplaces","status":"publish","type":"post","link":"https:\/\/www.coworkingcafe.com\/blog\/covid-19-study-by-boma-shows-tenants-views-on-workplaces\/","title":{"rendered":"New COVID-19 CRE Study by BOMA Shows Tenants\u2019 Stabilizing Views on Workplaces"},"content":{"rendered":"

The Building Owners and Managers Association<\/a> (BOMA) \u2014 in collaboration with property management software company Yardi<\/a> and Brightline Strategies<\/a>, a research advisory service provider \u2014 released a comprehensive study comprised of responses from more than 1,270 office decision-makers. The survey focused on the effects of the pandemic on tenants\u2019 sentiments toward their office space and the future of commercial real estate and it was designed to help uncover any upcoming financial and operational implications of this sector for both real estate owners and operators.<\/p>\n

Importantly, changes brought about during the pandemic years drove a new way of working and increased flexibility in terms of both space and time. As such, tenants are now facing new challenges when it comes to updated working models. Accordingly, the reinvention of the traditional office space is necessary in order to harbor and retain talent \u2014 and tenants, as well as managers, need to adapt to the ever-changing work environment.<\/p>\n

Keep reading for highlights from the recent report:<\/p>\n

Back to the Office & What That Means for Occupancy Rates<\/strong><\/h2>\n

When asked about returning to the office, 78% of respondents said they were perfectly comfortable doing so. That\u2019s an improvement on previous surveys, thereby showing a decrease in health concerns and better alignment with COVID-19 safety measures. However, the possibility (60%) of a challenge regarding the reacquaintance of employees to the in-office environment \u2014 along with the significant associated costs \u2014 were partly holding back the otherwise increasing enthusiasm on the matter of returning to the office. That said, the survey also revealed that smaller businesses tended to be less supportive of remote work than larger ones.<\/p>\n

Telework & Hybrid Schedules \u2014 Already a Thing of the Past?<\/strong><\/h2>\n

After more than two years of working remotely, managers and employees were expected to have contradicting opinions regarding the work-from-home concept. However, the survey actually showed only minor gaps between sentiments from the two camps: 61% of managers supported at least three or four days a week in the office, while 60% of general employees shared that opinion. Meanwhile, only 16% of employees supported 100% remote work. And, notably, 10% of them said they would prefer a company-provided office space closer to their homes \u2014 signaling an increased interest in hybrid arrangements, including the coworking segment. As a whole, the office space is still believed to be an integral part of a company\u2019s success. In fact, a striking 86% of tenants nationwide believed so \u2014 a percentage that grew by 8% since the 2021 survey.<\/p>\n

Lease Renewal Intentions & Resizing Plans<\/strong><\/h2>\n

Given the positive views on the importance of the office space, it may come as no surprise that 72% of tenants said they were planning to renew their leases. In all likelihood, this contributed to the return to pre-pandemic levels in terms of renewal intensity, as registered in the summer of 2022. However, staying on the more cautious side, 54% of respondents preferred a shorter lease term \u2014 with ranges from only three to five years, as opposed to the regular, seven- to 10-year leases.<\/p>\n

At the same time, a whopping 70% of respondents said they would reassess their office space needs, showing a clear awareness regarding the flexible new work models. Conversely, only 17% were still feeling unsure in this matter. Notably, the likelihood of reassessing office space sizes rose significantly in major tech hotspots like California, Texas and the Northeast.<\/p>\n

What\u2019s Changed & What\u2019s New in the Post-Pandemic Office<\/strong><\/h2>\n

So, what does it take to bring people back to the office and what needs to be different? Well, it appears that nearly eight in 10 tenants (78%) preferred \u201cbeyond the status quo of typical amenities,\u201d as opposed to only 64% in 2021. At the same time, 76% of property owners supported the continuous availability of hand sanitizer and 73% wanted the integration of more fresh air in HVAC systems. Similarly, in terms of technology that supports health and safety efforts, 65% of respondents quoted touchless elevators as a well-received integration.<\/p>\n

Socialization & Face-to-Face Interaction<\/strong><\/h2>\n

The value of office space was further demonstrated by the need for social interaction. Specifically, 73% of respondents said they valued the social component of the office environment and 75% reported that being in a physical workplace helped support innovation. Paired with the proper technology needed to work together with their peers, this was deemed to be fairly to very important.<\/p>\n

While views surrounding the return to the traditional office are increasing in positivity, tenants \u2014 as well as employees \u2014 are still held back by rising economic concerns, higher costs and\/or lengthy commutes.<\/p>\n

However, coworking spaces could be a solution to these issues and more, as they enable higher flexibility and lower costs. Plus, the continuous rise in the popularity of flexible workspaces around the nation is a clear sign of the inevitable shift in preferences concerning the office footprint. At the same time, it\u2019s predicted that more businesses \u2014 both large and small \u2014 will migrate toward coworking spaces in the future in an effort to be more cost-effective and provide employees with a more complex and flexible solution to their unique needs.<\/p>\n

Check out the location below to find an ideal coworking space near your area:
\n\n\n\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Coworking spaces in Manhattan<\/a><\/td>Coworking spaces in Dallas<\/a><\/td>\n<\/tr>\n
Coworking spaces in Boston<\/a><\/td>Coworking spaces in Phoenix<\/a><\/td>\n<\/tr>\n
Coworking spaces in Irvine<\/a><\/td>Coworking spaces in Los Angeles<\/a><\/td>\n<\/tr>\n
Coworking spaces in San Francisco<\/a><\/td>Coworking spaces in Denver<\/a><\/td>\n<\/tr>\n
Coworking spaces in San Diego<\/a><\/td>Coworking spaces in Philadelphia<\/a><\/td>\n<\/tr>\n
Coworking spaces in Houston<\/a><\/td>Coworking spaces in Atlanta<\/a><\/td>\n<\/tr>\n
Coworking spaces in Austin<\/a><\/td>Coworking spaces in Miami<\/a><\/td>\n<\/tr>\n
Coworking spaces in Charlotte<\/a><\/td>Coworking spaces in Chicago<\/a><\/td>\n<\/tr>\n
Coworking spaces in Washington, D.C.<\/a><\/td>Coworking spaces in Seattle<\/a><\/td>\n<\/tr>\n
Coworking spaces in Brooklyn<\/a><\/td>Coworking spaces in Las Vegas<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n","protected":false},"excerpt":{"rendered":"

The Building Owners and Managers Association (BOMA) \u2014 in collaboration with property management software company Yardi and Brightline Strategies, a research advisory service provider \u2014 released a comprehensive study comprised of responses from more than 1,270 office decision-makers. The survey focused on the effects of the pandemic on tenants\u2019 sentiments toward their office space and<\/p>\n","protected":false},"author":2470,"featured_media":285,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-280","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"yoast_head":"\nCOVID-19 CRE Study by BOMA Shows Tenants Views on Workplaces<\/title>\n<meta name=\"description\" content=\"The survey focused on the effects of the pandemic on tenants\u2019 sentiments toward their office space and the future of commercial real estate\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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