The Impact of Remote Working And Why You Should Consider Selling Your Commercial Office Space

A large-scale office building means nothing if no employees are working there. Primarily due to the COVID-19 pandemic, an increasing number of workers are leaving the traditional, in-person workspace in favour of working from home (WFH). 

Now that workers know they can do their job just as effectively from home, what does that mean for commercial office space? 

What Do The Statistics Say? 

There were already 4.7 million people working remotely before the pandemic struck. Then, when it did strike, 88% of the world's companies either encouraged or mandated remote work. 

If you think we can just go back to normal after the pandemic ends, think again. 99% of remote workers want to continue doing so, at least to some extent. Workers just love the flexibility, freedom, and independence that comes with remote work.

The Impact on Commercial Property

Allowing employees to work from home and relinquishing commercial office space can end up saving you millions in the long run. With employees working remotely, you can sell excess space avoid the costs of maintaining those spaces. You'll also save on any travel costs imposed by employees who may have to travel great distances for their work. Instead, let them get to that conference over Zoom! Online Working, shopping, and education were already trending before COVID-19. Online retailers like Amazon were already eating away at the brick and mortar stores - although many responded by opening their own online shops. 

However, the pandemic accelerated these trends and put commercial property owners in a tight spot. Recent years prove that commercial real estate owners were not prepared to deal with remote working. The best way to get out from under is to sell fast. 

Selling Your Commercial Property

Remote working significantly changed how people conduct business and the way we work. While COVID-19 did not force the idea of working from home on us, it did accelerate the preexisting trend. Even when the pandemic ends, it is clear that remote working is here to stay on a large, global scale. 

Get rid of those excess commercial properties now to save millions. It's a great way to raise capital immediately. 

We can help you sell your commercial property fast. We have the available cash to make that immediate purchase without agency fees. We can complete a comprehensive valuation of your property in just two weeks and give you a fair offer. It doesn't matter what type of building you have in the UK, we'll buy it. Get in touch with our team today.