Could office blocks be the next big casualty of the banking crisis?

City of London offices. The central London commercial property is closely linked to international trends and global economic performance, say experts. Photograph: Dan Kitwood/Getty Images

The new central London headquarters of the property company CBRE could easily be mistaken for a hotel, given its open lounges with comfy seating, potted plants, coffee and tech bars and library.

In the post-pandemic property world, phrases such as “hotelification” and “earning the commute” have become commonplace among executives trying to lure back workers used to working from home.