Workers are back in the office at least four days a week, says Regional REIT

Regional REIT has said the working from home trend is fading, and 93% of workers have returned to the office. The REIT surveyed firms across 106 buildings in its regional office portfolio, concluding that the average worker was now back at their desk for 4.2 days of the week. Stephen Inglis, chief executive of the REIT’s asset manager, London & Scottish Property Investment Management, said: “This latest survey demonstrates clearly that ‘the office’ is an integral part of business life, particularly in the regional markets of the UK.” But while 99% of companies had returned to its offices in some form or other, occupancy of those offices stands at 65%, down from 70% before the pandemic. Inglis added: “I continue to hold the view that it will be the end of 2023 before we really see new trends becoming established, but as I look at the data, indications clearly point to an average of more than four days in the office and less than one from home, which is very encouraging for the regional office market.” To send feedback, e-mail piers.wehner@eg.co.uk or tweet @PiersWehner or @EGPropertyNews