November 11, 2020

Offices To ‘Remain A Key Part Of Working Life’, Says PwC

The Chairman of PricewaterhouseCoopers UK has said that despite there large amount of people continuing to work from home, the office will remain an important part of working life.

With the UK entering a second national lockdown as of 5 November, Kevin Ellis, PwC UK’s chairman and senior partner has stated that the company, one of the Big Four accountancy firms, had no plans to downsize its office real estate.

Like many businesses, PwC has seen many of its employees make the move to remote working, since the first lockdown in March.

PwC has offices in London Bridge and Embankment, as well as around the rest of the UK, employing 22,000 staff.

Ellis said: “The future of the market for office space is difficult to predict, if anything at the moment we need more space than ever because of social distancing. From the messages I get from our people, I know that many really value having the option to use an office, whether for a personal or business need.”

It is widely expected that many businesses will adopt a more flexible working solution post-pandemic, and Ellis added that hybrid working solutions, combining remote and office work mean that offices will ‘remain a key part of working life’.

Jefferies Group, a US-based multinational independent investment bank, conducted research that showed there will still be a significant number of office lettings to be signed, even despite concerns that many companies will be holding off on making major leasing decisions during the current crisis.

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