Businesses are slowly but consistently transitioning to a permanent hybrid work environment, according to a senior economist at Econometric Advisors.
A Spring 2022 survey from CBRE found that 73% of companies plan to have some sort of hybrid workplace policy. This trend will lead to a reduction in office space demand by 9% the economist said, as reported by GlobeSt.
Under the average hybrid work model, employees work about 24% less time in the office than they did before the pandemic and will spend about 1.6 days working from home each week in the future. Don’t expect a one-for-one reduction in space needs for employees, though.
Because office space will have to accommodate times of peak usage, employers can only remove about 55 desks for every 100 employees not present in the office.
Related Stories
| Aug 11, 2010
AGC: Construction employment declines in 47 states in July
Few states were immune from construction employment declines this July based on an analysis of federal employment data released today by the Associated General Contractors of America. That analysis found that 47 states saw declines in construction employment, while only two states saw increases and one saw no change in construction employment between July 2008 and July 2009.
| Aug 11, 2010
New website highlights government tax incentives for large commercial buildings
Energy Retrofit Group (ERG), the subsidiary of 40-year-old, award-winning Adache Group Architects, Inc., has announced the creation of their new energy conservation web site: www.energy-rg.com.
| Aug 11, 2010
AGC: Construction unemployment reaches 19.2%
Unemployment in the construction sector climbed to a “horrendous” 19.2 percent (not-seasonally adjusted) as an additional 59,000 construction workers lost their jobs in May according to new federal data, said construction economist Ken Simonson today.
| Aug 11, 2010
Who are the top urban thinkers?
Planetizen is creating a list of the most important people who have shaped urban places, and we want to know what you think.
| Aug 11, 2010
Gensler, HOK, HDR among the nation's leading reconstruction design firms, according to BD+C's Giants 300 report
A ranking of the Top 100 Reconstruction Design Firms based on Building Design+Construction's 2009 Giants 300 survey. For more Giants 300 rankings, visit http://www.BDCnetwork.com/Giants
| Aug 11, 2010
Gensler, Arup, HOK among the largest office sector design firms
A ranking of the Top 100 Office Design firms based on Building Design+Construction's 2009 Giants 300 survey. For more Giants 300 rankings, visit http://www.BDCnetwork.com/Giants
| Aug 11, 2010
Callison strengthens retail design presence with RYA acquisition
Callison LLC on June 1 acquired RYA Design Consultancy, a Dallas-based retail architecture and design firm with offices in New York City. The new “Callison RYA Studio” will merge staff and clients into Callison ’s existing retail practice at their Dallas and New York offices.
| Aug 11, 2010
RSMeans/RCD forecast 14% drop in hospital construction for 2009
RSMeans forecasts a 14% drop in hospital construction in 2009 compared to 2008, with $17.1 billion in registered hospital projects as of June 30, 2009. The Reed Construction Data unit finds renovation of healthcare facilities increasing, from 36% of projects in 2008, to 40% of projects in the pipeline in the first six months of 2009.
| Aug 11, 2010
Suffolk Construction-Marcobay Construction form partnership to target Southeast projects
Two construction leaders, Suffolk Construction and Marcobay Construction, have joined forces to win multiple high profile projects in the Southeast.
