Businesses are slowly but consistently transitioning to a permanent hybrid work environment, according to a senior economist at Econometric Advisors.
A Spring 2022 survey from CBRE found that 73% of companies plan to have some sort of hybrid workplace policy. This trend will lead to a reduction in office space demand by 9% the economist said, as reported by GlobeSt.
Under the average hybrid work model, employees work about 24% less time in the office than they did before the pandemic and will spend about 1.6 days working from home each week in the future. Don’t expect a one-for-one reduction in space needs for employees, though.
Because office space will have to accommodate times of peak usage, employers can only remove about 55 desks for every 100 employees not present in the office.
Related Stories
| Aug 11, 2010
Harvard Law School Wood-Framed Houses
Cambridge, Mass.
A century ago, majestic Victorian homes lined Massachusetts Avenue in Boston, but few of these grande dames still survive. Harvard Law School owned three such beauties, which they used for office and research space. Unfortunately, the houses occupied prime real estate on which the school planned to build a new academic center. Rather than raze the historic wood-frame homes, the law school made it a priority to repurpose them.
| Aug 11, 2010
Rice concrete can cut greenhouse emissions
Rajan Vempati of ChK Group, Inc. in Plano, Texas, and a team of researchers found a way to make nearly carbon-free rice husk ash for concrete, which can lead to a boom in green construction.
| Aug 11, 2010
iSqFt acquires technology and key assets of Plan Express Inc.
Today iSqFt, the nation’s leading online preconstruction network, announced it has purchased the technology and key assets of Plan Express, Inc., a partner document-sharing network.
| Aug 11, 2010
ZweigWhite Announces 2009 Best Firms to Work For
Management consulting and research firm ZweigWhite has identified the best civil engineering, structural engineering, multidiscipline A/E services, environmental services, and architecture firms to work for in its annual ranking of top industry firms. These outstanding employers were selected based on their commitment to provide a positive work environment and challenging and interesting work opportunities for their employees.
| Aug 11, 2010
Autodesk 2010 Certification Now Available for Design Professionals
Autodesk, Inc., (Nasdaq: ADSK), today announced that design and engineering professionals can become Autodesk Certified in AutoCAD 2010, Autodesk Inventor 2010, Autodesk Revit Architecture 2010, and AutoCAD Civil 3D 2010 software. Becoming Autodesk Certified allows professionals, and companies boasting Autodesk Certified employees, to validate their industry skills and knowledge, demonstrate expertise and gain credibility.
