Actually, few companies plan to significantly reduce their office footprint

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.