HOUSTON – As the majority of large companies report plans to make cutbacks, CBRE expects the office sector to return to pre-pandemic levels by 2025.
Nationally, the number of companies planning to significantly reduce their office footprint decreased from 39 percent to 9 percent. Those who plan to make modest reductions, however, rose from 45 percent to 72 percent.
The CBRE forecast also found companies will use 9 percent less office space per worker, and employees will spend only 3.2 days per week in the office.
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