Office-based European corporations saw no meaningful cost savings despite homeworking

Despite almost all European office employees working from home last year the empty workplaces did not lead to a reduction in the expenditure that companies had to fulfill had the workforce been in the office. The average costs per FTE fell by only 2 percent and amounted to €9,468. These findings have been published by Colliers, Occupier Cost Index (OCI), which comprises data from 29 countries, 3,990 buildings, 26.1 million sqm of office space, and 1.96 million FTEs.