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 2, 2019
New tool allows users to learn how to reduce embodied carbon
Calculator delivers first digitized EPDs.
Codes and Standards | Dec 2, 2019
Trade group challenges St. Petersburg, Fla., ordinance on construction contract mandates
Legality of requirement to hire apprentices, disadvantaged workers at issue.
Building Owners | Dec 2, 2019
What building owners and AEC teams need to know about New York’s Climate Mobilization Act
On April 18, 2019, the New York City Council passed the Climate Mobilization Act, a suite of laws aimed to meet the city’s commitment to achieving carbon neutrality by 2050.
Codes and Standards | Nov 26, 2019
Updated ASHRAE standards focused on ventilation design, air quality in residential applications
Standard 62.1 and 62.2 updates provide new tables of ventilation rates per unit area.
Codes and Standards | Nov 25, 2019
Real estate professionals say coworking is not a flash in the pan
More than 60% say coworking space is in their portfolios.
Codes and Standards | Nov 22, 2019
Utility’s proposal threatens California’s rooftop solar mandate
Would allow customers to use solar farms instead of installing their own PVs.
Codes and Standards | Nov 21, 2019
Number of LEED commercial building projects surpasses 100,000
More than 2.6 million sf of space being certified each day.
Codes and Standards | Nov 19, 2019
Most U.S. voters support licensing standards for architects
NCARB survey shows strong support for architecture as a licensed profession.
Codes and Standards | Nov 18, 2019
Cambridge, Mass., teams up with utility on energy retrofit program
Buildings large than 25,000 sf targeted in initiative to further carbon neutrality goal.
Codes and Standards | Nov 14, 2019
Resistance to Toronto’s ‘smart city’ reveals pitfalls of such ambitious projects
Concerns over data privacy, governance, feasibility prompt criticism.