Cure to the office market crisis? The opportunities and risks of digital transformation of office buildings

Xudong Sun

Cure to the office market crisis? The opportunities and risks of digital transformation of office buildings

Research output: Non-textual / digital / web - outputs › Web publication/site › Academic

Abstract

While installing sensors or Internet of things systems in buildings to make them more intelligent is not new, the impact of COVID has given building digitization its most immediate motivation. Thanks to the development of various remote collaboration tools, working in hybrid mode is a more efficient and comfortable way to work. The immediate impact of this hybrid work trend is that demand for physical office space will decrease significantly. The hybrid work trend also means that business owners do not have to pay extra rent for office space if it does not offer a greater performance bonus than a living room or café. Digitization seems to offer a solution to this dilemma.

Original language	English
Publisher	Maastricht Center for Real Estate
Media of output	Blog
Publication status	Published - 29 Sept 2022

Access to Document

https://maastrichtrealestate.com/blog/cure-to-the-office-market-crisis-the-opportunities-and-risks-of-digital-transformation-of-office-buildings/Licence: Free access - publisher

Cite this

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abstract = "While installing sensors or Internet of things systems in buildings to make them more intelligent is not new, the impact of COVID has given building digitization its most immediate motivation. Thanks to the development of various remote collaboration tools, working in hybrid mode is a more efficient and comfortable way to work. The immediate impact of this hybrid work trend is that demand for physical office space will decrease significantly. The hybrid work trend also means that business owners do not have to pay extra rent for office space if it does not offer a greater performance bonus than a living room or caf{\'e}. Digitization seems to offer a solution to this dilemma. ",

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