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Now it is also research-based: in Israel there are more workers than at home - and labor productivity has not fallen

Researchers from the Hebrew University and Azrieli College examined the effect of the corona on the utilization of office space and found a significant decrease in the value of office real estate per square meter in 2020. The study's author: "It is interesting to note that employee productivity remains high

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• Offices

• Corona

Walla!

Real Estate

Tuesday, 27 July 2021, 12:53 Updated: 13:33

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Since the outbreak of the corona virus, the business sectors have been forced, following government regulations, to change the mode of employment extensively, with working from home becoming an integral part of routine.

It seems that the changes in the world of work that were "forced" on employers during the crisis, such as the move to work from home, also proved to the anchor companies in the economy that working from home does not necessarily impair companies' functioning, and may save significant operating expenses.

A new study published in the academic journal Journal of Facilities Management by Dr. Michael Naor, a teaching fellow at the School of Business Administration at the Hebrew University, in collaboration with Dr. Gabriel David Pinto, Director of the Department of Engineering, Industry and Management at Azrieli College, and students Amir Israel Hakkin and Akiva Jacob from Azrieli College examined whether organizations continue to rent extensive office space in light of the move to work from home during the Corona period and what the Corona's impact is on the real estate market.

The researchers say they chose to research their question in the State of Israel because of its uniqueness, Dr. Naor: "Israel provides a unique arena both because of the high population density and because of its esteemed status as a start-up nation with skilled technological manpower employed in advanced high-tech industry." Of Corona Crisis Keywords through Google's Search Engine, Market Surveys and Personal Interviews with Real Estate Agents.

Dr. Pinto explains: “The routine before the corona will not be the same as the routine after it.

The corona has accelerated technological processes one of which is remote work.

For example, a significant measure that employees require when choosing a new workplace is the organization's flexibility to work from home. "

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The workers agreed to give up.

Work From Home (Photo: ShutterStock)

Beyond the hybrid model

"The corona has led to significant cost cuts, such as travel, while allowing employees to give up a social experience of working in an office whose location and size have sometimes been a symbol of status in an organizational hierarchy."

The results show a downward trend in the value per square meter office real estate in 2020 due to lack of demand and the cancellation of contracts for companies wanting a hybrid model that combines switch working from home even after removing the social distance limitations.

Dr. enlightened "corona crisis reduced by 10% rental rates Of office space during the year 2020, depending on geographical location and number of owners. "

He adds: "It is interesting to note that employee productivity while working from home remains high despite distractions by family members, leading organizations to significantly cut costs, such as travel, while allowing employees to give up a social experience of office work whose location and size was sometimes a status symbol. In an organizational hierarchy. "

Dr. Naor concludes: "Although long-term research findings suggest that companies move to a hybrid work week that combines employment for two to three weeks a week from home, not all types of occupations in the economy are possible beyond work from home equally, so it is necessary to assess the risks involved. Of a hybrid model for professional advancement, while ensuring gender equality in the workplace.

For example, data should be collected to conduct research on the question of whether the chance of receiving a pay rise for employees whose presence will be felt by management because they are in a higher office every day of the week than employees employed hybrid from home? ".

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