Returning to the Workplace in 2021: Re-evaluating the Relationship Between Home and Office

Hybrid Work Models and New Real Estate Dynamics

In the second half of 2021, the gradual reopening of workplaces brought major changes in housing demand. The pandemic-fueled shift toward hybrid work – a combination of remote and in-office work – introduced new decision-making factors for homebuyers and renters.

Home vs. Office: Closer or Farther?

Instead of choosing a home based on daily commuting needs, many now prioritize locations that support flexible work. Apartments offering comfortable workspaces for home days while still being conveniently located near workplaces for office days are gaining importance.

Changing Buyer Preferences

There’s increasing demand for larger homes with clearly separated rooms that allow for focused remote work. At the same time, areas with quick and easy office access remain attractive, while greener, quieter parts of the city also draw interest for improved quality of life.

Office and Housing Market Convergence

Office spaces are also adapting: companies are offering more flexible lease terms and shared areas to support hybrid work. This shift aligns with residential expectations, where comfort and functional layouts are now priorities.

Impact on Prices and Trends

Areas offering ideal environments for hybrid work are seeing growing demand and rising prices. This trend is especially noticeable in inner-city green zones and well-connected suburban districts.

Summary

By September 2021, the return to the workplace and the rise of hybrid work have redefined the connection between homes and offices. This transformation significantly impacts real estate demand, and market players must adapt to these evolving needs.