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.

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