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Actually, few companies plan to significantly reduce their office footprint

Codes and Standards

Actually, few companies plan to significantly reduce their office footprint

CBRE survey shows that many firms will continue with hybrid work.

By Peter Fabris, Contributing Editor | June 22, 2021

Only 9% of companies surveyed recently by commercial real estate firm CBRE plan to significantly shrink their office portfolios.

That figure is a sharp drop from last year’s 39%. The survey found that 85% of the 185 companies surveyed expect employees to spend at least half of their time in an office.

A majority of large companies (72%) plan modest office-space reductions. Smaller companies say they are more likely to keep their office square-footage the same size or increase it.

Some 38% of companies say they believe workers will spend three or more days in the office, while 32% think there will be an equal mix of in-office and remote work. About 15% say employees will only work in the office, and 7% say employees will mostly or entirely from a remote location. 

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