The Impact of Remote Work on Office Space Demand: Industry Variations and Trends

There is also a slight decline in demand for new office space, it said. According to Ifo, there are strong differences between industries. The need for reductions is particularly high in the areas of broadcasting, the automotive industry and in advertising and market research.

The lowest proportion of companies planning to use less office space can be found in the construction, retail and mechanical engineering industries, among others. Area reductions that had already taken place were not queried. The actual effect is therefore probably higher, the institute explained.

This message was sent on October 4th, 2023 on the Deutschlandfunk program.