Latest research has revealed that because of the current pandemic, as many as 79% of recruitment firms are reviewing their need for office space.
According to the survey carried out by the Association of Professional Staffing Companies (APSCo), of those assessing their current office situation, 31% said they will definitely downsize and 48% will not go ahead with previous office expansion plans.
Over half of the 112 respondents had offices in central London, and so with almost 40,000 recruitment firms in the UK, the APSCo believe that this could make worrying reading for commercial landlords.
Interestingly, comments from the respondents shows that downsizing is not necessarily a negative reaction to the current situation.
For example, one respondent – a life sciences recruitment firm with over 50 staff and offices in central London and the south east – said:
“We will not be returning as we had previously. In fact, our productivity has spiked with remote working so we will be operating offices in the future with a rota of teams in attendance that will support social distancing. However, with a more productive remote work practice, we will look for smaller offices and rotas in the future.”