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

Author

Listed:
  • Simon Krause
  • Andreas Trumpp
  • Tobias Dichtl
  • Susanne Kiese
  • Alexander Rutsch

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

Suggested Citation

  • Simon Krause & Andreas Trumpp & Tobias Dichtl & Susanne Kiese & Alexander Rutsch, 2024. "The Impact of Working from Home on the German Office Real Estate Market," EconPol Forum, CESifo, vol. 25(05), pages 52-58, September.
    • Handle: RePEc:ces:epofor:v:25:y:2024:i:05:p:52-58
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