A new study shows that approximately 75 percent companies plan to reduce office space next year. At the same time, many large companies are trying to reverse the trend of remote work and bring employees to offices.
A new study shows that companies are encouraging employees to return to offices while limiting office space, which in turn will leave employees with less space to work. Robin Powered, an office booking platform, surveyed 530 business owners and facility managers across the United States about how their company’s office space is currently being used and what the future of the physical office will look like.
Companies are reducing office space
It turned out that since the beginning of the pandemic, 80 percent companies reduced, and another 75 percent plans to reduce office space next year.
Over 60 percent companies that responded to the survey said they paid $50 or more per square foot for their office space. As a result, more than two-thirds plan to reduce their office space by 50%. or more, and almost a third plan to adjust their office size by a quarter or less.
Back to offices
At the same time, 88 percent companies require employees to work in the office for a certain number of days, and 52 percent requires employees to spend at least four days a week in the office.
The order to return to the office is an effort by business owners to maximize the use of office space, taking into account the high costs associated with rent.
However, 40 percent respondents in the survey said that they use only half of the available office space or less, and only 28 percent stated that it uses 100 percent. its surface.
Many large companies, including Meta, Google, Dropbox and Salesforce, reduced office space last year as a cost-cutting measure.