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Analysis

Office Use Has Gone Down Say CRE Pros

Some experts expect usage to expand in the next few years, but most don’t.

By Erik Sherman | February 11, 2022 at 07:47 AM

That corporate real estate professionals say their global companies are using less office space than before the pandemic is easy to see. The interesting parts of a new survey by CoreNet Global is how much confidence there is that, barring a major new and troublesome Covid-19 variant, office use could expand.

First, some numbers on the dropdown. About 57% of the respondents said their companies were using anywhere from the same amount of space to up to 20% less than in March 2020. Another 28% were using between 20% to 30% less space, while 15% had taken on more.

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