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The world of office real estate will be forever changed by the COVID-19 pandemic, but companies aren't quite sure yet what the new picture looks like.
That's one key takeaway from a new report on office space trends from CBRE, based on survey responses from 126 companies—half of which are on the Fortune 500—about their real estate plans. But a few things are clear early on in the pandemic, and one is that flexibility is a key component of office real estate strategies moving forward. Among the responding companies, for example, 63% said they will give employees more choice over where they work on a daily basis. Yet only a quarter said they plan to give employees the choice to work remotely on a full-time basis.
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Karen Sloan
Karen Sloan is the Legal Education Editor and Senior Writer at ALM. Contact her at [email protected]. On Twitter: @KarenSloanNLJ Sign up for Ahead of the Curve—her weekly email update on trends and innovation in legal education—here: https://www.law.com/briefings/ahead-of-the-curve/
