Nearly a quarter of all office space lies vacant in Dubai - Arabianbusiness:
The importance of the physical office is unlikely to be diminished in Dubai as many businesses see a loss of productivity during the current "work from home" era caused by the coronavirus crisis, according to experts.
Robert Thomas, head of agency at real estate consultants Core, said that although the work from home will remain prevalent within hybrid models, it has also created problems for some businesses.
"While the initial adoption of widespread work from home arrangement was met with great enthusiasm, many enterprises are now witnessing that lack of social connections and no clear separation between personal and professional life is causing loss of productivity and lower levels of engagement," he said.
His comments comes as Core research revealed that a quarter of all office stock in Dubai is currently vacant.
Out of the total 104.9 million sq ft of office stock in Dubai, nearly 25.2 million sq ft is vacant, with the volume of vacant stock gradually increasing over the last five years.
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