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 | Nov 20, 2018
OSHA publishes updates to crane operator certification requirements
Long-delayed rules accept certifications by type or type and capacity.
Codes and Standards | Nov 19, 2018
Guide offers understanding of elements that create successful multi-floor communal spaces
CTBUH technical document analyzes how to approach tall urban habitat.
Codes and Standards | Nov 16, 2018
2018 International Green Construction Code released
Updated version helps governments streamline code development and adoption.
Codes and Standards | Nov 15, 2018
New versions of DOE’s EnergyPlus engine and the OpenStudio software development kit released
New offerings resolve over 70 bugs and offer new features.
Codes and Standards | Nov 14, 2018
Obsolete safety standards may have been used in cleanup of former naval shipyard
San Francisco redevelopment site work may have been racked by fraud.
Codes and Standards | Nov 13, 2018
New York City’s new construction safety requirements are delayed
Some contractors say they weren’t ready for ‘massive initiative’.
Codes and Standards | Nov 9, 2018
Cities have multiple strategies to reduce parking requirements
Each community has to find its own mix of solutions.
Codes and Standards | Nov 8, 2018
Denver replaces green roof mandate with cool roof option
Less costly light-colored roofs can cut project costs by about 1.5%.
Codes and Standards | Nov 7, 2018
New report addresses sound transmission of wood-framed assemblies
AWC document provides empirical sound transmission model.
Codes and Standards | Nov 6, 2018
AIA releases 13 new and updated contract documents
Includes new Contractor-Subcontractor Master Agreement.