Asset Management

Office headcount seen falling to 80% of pre-Covid levels as flex work becomes norm

Eric Adler, chief executive of PGIM Real Estate, says there will be less need for desks as people return to the office

UK property funds were rocked by the onset of the Covid pandemic in March last year
UK property funds were rocked by the onset of the Covid pandemic in March last year Photo: Getty Images

Headcount in offices globally could drop to 80% of levels seen before Covid, as companies prepare for a future where flexible working becomes the norm.

That’s according to the chief executive of one of the world's largest property investors.

WSJ Logo