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IMPACT OF HYBRID WORKING ON COMMERCIAL REAL ESTATE From both personal experience and via the media we all know that since Covid, there’s been a notable change in work patterns and office usage. Here we take a look at the impact on commercial property and real estate investment. Many city centres have been hugely impacted by those changes in work patterns – some of which are here to stay. The introduction of hybrid working hasn’t just reduced the need for large office spaces to accommodate entire workforces, it’s also significantly impacted food and drink outlets that traditionally benefited from the Friday night post-work drinks culture. Whilst some companies are now insisting that employees spend a mandated amount of time in the office it’s unlikely that there’ll be a full-on return to pre-Covid use of office space. Traditional office buildings are being repurposed into mixed-use spaces. Often encompassing office, residential, retail and recreational spaces in one location. Where office space is included, it needs to be tech-enabled if it’s going to compete in what in some areas is a saturated market. Office space needs to be calibrated to facilitate those new ways of working with better secure connectivity between not just offices but also with homes. After all, it’s not just employees who are likely to be hybrid working, it’s potentially also clients.