More companies are looking for office space in the suburbs, according to workplace provider International Workplace Group (IWG).
The company published its interim results this week, which showed a “good first-half performance overall given the impact of Covid-19 in Q2”.
Mark Dixon, chief executive of IWG plc, said: “The new world of working is changing dramatically and the long-term structural drivers for our industry are strengthening which is very encouraging. However, whilst the Covid-19 pandemic continues, we expect our third quarter to be particularly challenging. We therefore remain sharply focused on maximising further cost savings in the coming months to build on the £180 million of cash savings achieved through the extensive actions already taken.”
Dixon added that the global crisis has “dramatically changed the ways companies will work” and in the new world of working post Covid-19, offices “will still be needed but there will be a greater requirement for more flexible space”.
He said this would mean that more companies will have “distributed workforces with more satellite offices, more employees working closer to home or continuing to work from home”.
Dixon’s words are in addition to earlier speculation by various other providers that more companies would seek to set up in suburban locations.