Economic Pressures Continue To Shrink Offices
Allwork
MAY 30, 2024
The data doesn’t lie: businesses are downsizing office space, with 80% having already done so and 75% planning further reductions, reflecting a continuous adaptation to hybrid work models and efforts to optimize real estate usage in line with evolving work patterns. There’s a division in company expectations — 42% hope for pre-pandemic activity levels, yet a majority deems it unlikely.
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