The share of US companies planning to slash their office space is plummeting ...Middle East

Quartz - Economy
The share of US companies planning to slash their office space is plummeting
source : Quartz ( Middle East ) () 22
US companies that planned to downsize their office real estate during the pandemic are now rethinking their plans.Only 9% of large US companies, defined as 10,000 employees or more, anticipate their office portfolios will get “significantly smaller” over the next three years, according to a new report from CBRE, a commercial real estate company. That’s down from 39% from last September. The survey included responses from 185 US-based companies.Why the drastic drop? The initial reaction for many companies was remote work was going well, so people are going to spend less time in the office and need less space, says Julie Whelan, the head of occupier research for the Americas at CBRE. But as th

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