If it wasn't clear before, a new study from proptech firm Visual Lease, which has lease management software, shows that medium-to-large enterprises are changing the way they look at leasing space. One thing that hasn't changed according to the survey is that companies are poor at tracking leases, terms and conditions, and sometimes even how much they've paid.

Wakefield Research conducted the study of 200 senior US corporate real estate executives at organizations with 1,000 or more employees. The survey, run in December 2022, used an email invitation and an online survey. Private, public, and government organizations were all qualified to respond.

Organizations are still leasing space, with 70% of respondents saying that their organizations were looking to add space to their portfolios in 2023. That is roughly the same as a corresponding study last year found. Of those, 52% are adding satellite locations; 40% are relocating spaces.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.