Learn more

Some 6% of German businesses have reduced their office space since more and more people started working remotely following the coronavirus pandemic, according to a survey by Germany’s renowned ifo Institute for Economic Research. Some 8% of firms surveyed plan to downsize their offices within the next five years, the researchers found. Larger companies and service providers in particular are looking to reduce their office space, according to ifo, while the trend was less pronounced among the manufacturing, trade and construction sectors. Smaller companies are also less likely to downsize, the …

cuu