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COGNITION Hot Take: Remote Working Takes Hold

Posted by Sara Gutterman

Jul 29, 2020 11:17:38 AM

The concept of work is rapidly transforming as people decide that they are ready to abandon the traditional office model in favor of telecommuting.

According to COGNITION Smart Data, Green Builder Media’s suite of market intelligence services, nearly 75% of Americans who have been able to work remotely during COVID-19 say that they don’t want to return to an office full time. Rather, they want to maintain the healthy work-life balance they have created while working from home during the pandemic, spending more time at home and less in the office. 

In fact, a survey conducted by Morning Consult indicated that 32% of workers claimed that they never want to go back to an office. Nearly one in four (23%) want to work from home at least three to four days per week.

The majority of respondents also indicated that they would be more likely to apply for a job that remote jobs or flexible work.

Trends tracked by COGNITION show that the primary reasons that individuals prefer telecommuting include stress reduction, increased productivity, enhanced ability to focus on health and wellness, more personal time, greater connection with family, and elimination of the dreaded commute.   

The desire for enhanced remote working reaches across a wide swath of the economy, including the building sector. In a recent interview, Gene Myers, CEO of Thrive Homebuyers, stated that only 6 percent of his employees were interested in returning to the office—ever!

“We’re in the middle of an experiment that’s going to determine what the office of the future looks like,” Myers says. “I have no doubt that there will be a shift with respect to commercial space. When current leases are up, I suspect that companies will largely or entirely abandon central offices.” At the same time, interest in buying homes that accommodate telecommuting options as well as other features that make life more comfortable and efficient are on the rise. 

The primary factors holding people back from full-time telecommuting: bandwidth and connectivity.  

For more information about home buying and remote working trends, sign up for a COGNITION subscription

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