Impact of Covid on Office Space

Ever since the Covid pandemic started, office space leasing has gone down. The main reason is during the lockdown, there was less demand for this space. Specialists at the Hughes Marino representation firm explain that this trend has continued since companies have learned how even the working environment had to change in order to overcome these universal changes.

They also learnt that certain employees in specific industries can work from home without impacting their productivity. With employees working from home, companies can get by with smaller spaces. Hughes Marino adds that this transition to smaller spaces has helped pad the bottom line for the business because now they have lower rents and less overhead. 

For companies, this is an excellent trend because they can increase profits without having to reduce wages or raise prices, and it also provides a benefit to the employees because a lot of people enjoy working from home. However, Hughes Marino adds, this trend can be a significant hurdle for office space owners to overcome.

Where to get Help

If you are a property owner, you may wonder how you can continue to rent your space out at the same price or even get it leased at all. Well, that is where Hughes Marino comes in. They provide top-quality lease advising built on a proven culture consulting model. They can help you, as a property owner, with tenant acquisition and lease restructuring. 

With this, Hughes Marino specialists finally adds, they can ensure that you can keep your spaces rented and money coming in. You should immediately seek assistance if you have had difficulty with your properties since the pandemic. The longer you wait, the more money you lose by not leasing your space.