The Impact of Working from Home on the German Office Real Estate Market

Simon Krause, Andreas Trumpp, Tobias Dichtl, Susanne Kiese and Alexander Rutsch

EconPol Forum, 2024, vol. 25, issue 05, 52-58

Abstract: A quarter of the workforce regularly works from home, oftentimes blending office and remote work The office market is undergoing a stress test, with challenging conditions expected to persist The permanent shift toward working from home (WFH) is expected to decrease long-term office space demand by around 12 percent In industries with high WFH rates, new office leases show a flight to quality with higher rents An office building’s ability to meet the growing “new work” demands is now a key leasing factor

Date: 2024
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