Covid-19 will result in more businesses downsizing to smaller offer spaces over the coming 12 months,according to new research.
Property development firm, Accumulate Capital, commissioned an independent survey of more than 500 senior decision-makers from businesses all over the UK and found that 73 per cent of them expect to downsize as a result of the coronavirus pandemic.
Almost two-fifths (37 per cent) said their business is planning to relocate to a smaller commercial space in the next year. With there being less emphasis on employees working from the office, the same number are looking to move to a new location with cheaper rent.Half of businesses admitted their preferences for commercial premises have changed with the majority (58 per.
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