A building in Hong Kong. Demand for office space could fall in the wake of the coronavirus pandemic, with older, lower-specification buildings with high occupancy density most vulnerable. Photo: Bloomberg A building in Hong Kong. Demand for office space could fall in the wake of the coronavirus pandemic, with older, lower-specification buildings with high occupancy density most vulnerable. Photo: Bloomberg
A building in Hong Kong. Demand for office space could fall in the wake of the coronavirus pandemic, with older, lower-specification buildings with high occupancy density most vulnerable. Photo: Bloomberg
Nicholas Spiro
Opinion

Opinion

The View by Nicholas Spiro

Less is more? How the office property sector must adapt to work habits changed by the coronavirus

  • While predictions that the office is on its way out are wide of the mark, the sector must reinvent itself for the post-pandemic world
  • A reduction in demand for office space and a preference for low-density buildings and office layout may be trends that will outlast this outbreak

A building in Hong Kong. Demand for office space could fall in the wake of the coronavirus pandemic, with older, lower-specification buildings with high occupancy density most vulnerable. Photo: Bloomberg A building in Hong Kong. Demand for office space could fall in the wake of the coronavirus pandemic, with older, lower-specification buildings with high occupancy density most vulnerable. Photo: Bloomberg
A building in Hong Kong. Demand for office space could fall in the wake of the coronavirus pandemic, with older, lower-specification buildings with high occupancy density most vulnerable. Photo: Bloomberg
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Nicholas Spiro

Nicholas Spiro

Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.