71% of Corporate Real Estate Professions Predict A 20% Drop In Office Demand

Bisnow Dumber 16, 2022  “More than 71% of corporate real estate professionals say they expect hybrid work to result in space demand reductions of at least 20%, according to a survey from Colliers and CoreNet Global. Almost 19% expect that demand to shrink by 40% or more, while just 7% believe that the move to hybrid work will either not impact office demand or lead to a need for more space.”  I love the positive spin Scott Nelson, CEO of Occupier Services at my company, Colliers., put on this. The reduction in office space demand has several benefits, including economic savings, but also increased employee experience.  I do agree with Scott, as our office lunchroom is filled with fresh fruit, all kinds of snacks, and we often have pizza or other events to get everyone socializing in the office. Of course, I’m still waiting for the masseuse…