Remote work is here to stay in UK, US and EU

Despite numerous reports of firms rowing back on remote work, the evidence in the UK, US and the EU suggests that the share of jobs being done remotely has remained constant over the past couple of years. Admittedly, that may reflect relatively tight labour markets and as job vacancy rates fall and power shifts from employees to employers, there could be a more significant decline in the remote work share. But with many businesses also seeing benefits from hybrid working arrangements, any decline is likely to be small and the structural impact on commercial property is here to stay.