Corporate Strategists Need Smart Growth Mentality

CHICAGO-Firms are placing a strong emphasis on compelling rationales for each square foot, according to Jones Lang LaSalle, in a company survey presented at today’s CoreNet Global Summit here.

By Robert Carr | Updated on May 02, 2011

CHICAGO-Jones Lang LaSalle released a new workplace survey today at the CoreNet Global Summit event now underway at Navy Pier in Chicago, showing that firms have downsized significantly in the past three years, and are now ready for smart growth using technology and ahead-thinking corporate real estate planning. Of 504 companies surveyed across the world, many indicated that they are looking to start cautiously hiring again, according to the 2011 Corporate Real Estate Survey.

According to the survey, 72% of the companies reduced occupancy costs overall during the economic downturn, and 73% consolidated their occupancy into fewer buildings, according to JLL. However, many firms are aching to grow again, and have built up cash reserves for this purpose, said Kenneth Rudy, international director of corporate solutions for JLL.

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