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
Prism-shaped design unveiled for five-star hotel in Saudi Arabia
Goettsch Partners has been commissioned by Saudi Oger Ltd. to design a new five-star, 214-key business hotel in the King Abdullah Financial District in Riyadh, Saudi Arabia. As a design-build assignment, Saudi Oger is serving as the contractor, selected by developer Rayadah Investment Company. The project is sited on Parcel 1.08, one of the first 10 parcels currently under development in the massive new master-planned district.
| Aug 11, 2010
Data center construction costs are down, according to a study by Environmental Systems Design
The current economic crisis has an up-side for owners of mission-critical facilities: On average, it costs less today to construct a new data center than it did in late 2007, according to a study by Environmental Systems Design (ESD). ESD found that the prices of feeder and cable have dropped by more than half, major data center equipment by 12%, labor and materials by 19.6%, and shipping and handling by 15% from the fourth quarter of 2007 to July 15, 2009.
| Aug 11, 2010
Skidaway Institute of Oceanography opens new research facility
Scientists at the Skidaway Institute of Oceanography in Skidaway Island, Ga., moved into a new facility that enables them to expand the scope of the Institute’s leading-edge research on marine and coastal systems. The $5 million Marine and Coastal Science Research and Instructional Center (MCSRIC) provides high quality laboratory space in a bright, open, airy and environmentally sensitive setting.
| Aug 11, 2010
Construction Specifications Institute to end support of MasterFormat 95 on December 31, 2009
The Construction Specifications Institute (CSI) announced that the organization will cease to license and support MasterFormat 95 as of December 31, 2009. The CSI Board of Directors voted to stop licensing and supporting MasterFormat 95 during its June 16, 2009, meeting at the CSI Annual Convention in Indianapolis.
| Aug 11, 2010
Bowdoin College Museum of Art
Brunswick, Maine
Since its founding in 1794, when what is now the state of Maine was still part of the Commonwealth of Massachusetts, Bowdoin College has played a pivotal role in the educational and cultural life of Maine. Contributing to that role for more than a century has been the Walker Art Building, an 1894 McKim, Mead & White-designed structure and home to the college’s Museum of Art.
| Aug 11, 2010
Gensler among eight teams named finalists in 'classroom of the future' design competition
Eight teams were recognized today as finalists of the 2009 Open Architecture Challenge: Classroom. Finalists submitted designs ranging from an outdoor classroom for children in inner-city Chicago, learning spaces for the children of salt pan workers in India, safe spaces for youth in Bogota, Colombia and a bamboo classroom in the Himalayan mountains.
