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.
Related Stories
Codes and Standards | Dec 7, 2018
Florida tops ABC’s 2018 Merit Shop Scorecard rankings
Michigan rose fastest after passing prevailing wage law.
Codes and Standards | Dec 6, 2018
North American steel yields lower GHG emissions than Chinese steel
North American construction steel saves about half of GHG emissions on building project.
Codes and Standards | Dec 5, 2018
Canadian retailer builds net-zero stores
Other chains also boost green efforts with PVs, EV charging stations.
Codes and Standards | Dec 4, 2018
Action on building codes would spur low-carbon cities
Faster retrofit cycles, increased energy-efficiency requirements for existing buildings needed.
Codes and Standards | Nov 30, 2018
Best solution to prevent California wildfire disasters: Stop building in places likely to burn
Approach would be unpopular as people attracted to stunning wooded landscapes.
Codes and Standards | Nov 29, 2018
USGBC and BRE form partnership
Two green standards groups will collaborate on standards, platforms, and research.
Codes and Standards | Nov 29, 2018
Parking garages in N.Y. State will have to be inspected every three years
Professional engineer must assess conditions.
Codes and Standards | Nov 28, 2018
To build water-efficient cities, water managers and urban planners must coordinate better
Lack of time and resources, and practitioners not in habit of working together hamper efforts.
Codes and Standards | Nov 27, 2018
AAMA updates specification for roller assemblies in sliding doors, and lift and slide doors
Last update was in 2015.
Codes and Standards | Nov 26, 2018
All LEED-certified buildings eligible for LEED recertification
Projects must submit 12 months of data demonstrating continued or improved performance.
