2022 Flex Office Changing Workplace

FUNDAMENTALS BEGINNING TO LOOK UP

The “COVID-19 recession” has been marked both by its severity and its brevity. After dropping 3.1% (according to IMF), global GDP growth in 2021 is expected to have matched pre-pandemic levels. Office-using employment is rebounding around the globe, having surpassed pre-pandemic levels in many markets, including Toronto, Tokyo and London. The return to office has been uneven around the globe, but by the fall of 2021, it started to accelerate in most markets. There have been delays related to the latest variant, but occupiers remain committed to bringing employees back to the office in 2022, even if it's on a more agile basis.

TRENDS IMPACTING THE FLEXIBLE OFFICE MARKET