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Julie Whelan of CBRE Group “You have more places than just home and the workplace to work from,” Whelan says.

LOS ANGELES—Although making the right hires remains a key consideration for corporate real estate executives, the levels of uncertainty posed by today’s economic environment mean that finding talent isn’t their only priority. That uncertainty looms larger in a new survey of Americas real estate executives; 52% cite it as a top-three concern, up from 36% a year ago, says CBRE Group Inc.

Accordingly, 87% of the 176 corporate occupiers surveyed said they’re responding by disposing of surplus space and/or implementing more efficient workplace designs to get their portfolios ready for the future. Just 26% of those surveyed said they expected to expand their portfolios over the next two years, compared to 38% who said this a year ago.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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