Office Market Report Vienna | Autumn 2021

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© redtenbacher

Hybrid working for numerous branches: the “new normal“

New working worlds serve as a driver for the market

The progress of vaccination campaigns has been reflected in the increasing return of employees from home office to in-office. Most companies will, however, offer employees a remote working option. Home office has become a professional “must have“ in many areas, and numerous companies have introduced innovative models to combine mobile and office-based work.

The integration of new working models is often connected with the optical redesign of offices to create space for teamwork and communication. The physical office is becoming more of a point for meetings, workshops and training. Project developers and renters are reacting to these de- velopments with appropriately designed concepts and maximum flexibility for tenant customisation. One prominent example is the myhive concept by IMMOFINANZ with its high flexibility and stylish hotel atmosphere. The common areas (e.g. lobby, reception) are based on hotel and lounge con- cepts, and special services (e.g. coworking space, meeting points) are also offered. An additional aspect is the increasing attention given to the design of the exterior and open areas (e.g. green inner courtyard with seating areas).

Flexible working forms as an asset for employee satisfaction

Hybrid working is viewed by many companies as an effective means to recruit and retain employees. The introduction of more flexible working models was a frequently heard promise during the corona pandemic, and a number of companies plan to retain these options. Current examples include the banking and insurance sectors and the IT branch. However, the office remains the central location for work in most cases.

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