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
Steel Joist Institute announces 2009 Design Awards
The Steel Joist Institute is now accepting entries for its 2009 Design Awards. The winning entries will be announced in November 2009 and the company with the winning project in each category will be awarded a $2,000 scholarship in its name to a school of its choice for an engineering student.
| Aug 11, 2010
Southern Pine Council releases certification survey results
Recent surveys conducted by the Southern Forest Products Association (SFPA) and Random Lengths assessed the use of forest certification programs in the wood products industry and uncovered interesting results, including the fact that approximately 61% do not use a certification system and that about 60% of southern pine producers receive regular requests for certified products.
| Aug 11, 2010
Duro-Last introduces new vinyl rib roofing system
Duro-Last Roofing Inc., is pleased to announce the introduction of the Duro-Last Vinyl Rib roofing system, part of the Duro-Last Designer Series of roofing products. The Vinyl Rib roofing system is ideal for commercial and residential applications where both the aesthetic appearance of architectural standing seam and the proven, watertight performance of a single-ply roofing system are desired.
| Aug 11, 2010
Gilbane, Manhattan Construction top BD+C's ranking of the nation's 50 largest K-12 school contractors
A ranking of the Top 50 K-12 School Contractors based on Building Design+Construction's 2009 Giants 300 survey. For more Giants 300 rankings, visit http://www.BDCnetwork.com/Giants
| Aug 11, 2010
Diffenbaugh completes construction of Loma Linda University Highland Springs Medical Plaza
J.D. Diffenbaugh, Inc. has completed construction of the new Highland Springs Medical Center for California's Loma Linda University Medical Center that will significantly enhance the access to medical services for families in the Inland Empire. The project was developed by Lillibridge Healthcare Services, Inc., one of the nation’s largest private healthcare real estate firms.
| Aug 11, 2010
Permanent tribute to Daniel Burnham and his Plan of Chicago proposed for Grant Park Museum Campus
The first-place winner of a design competition for a public memorial celebrating Daniel Burnham's impact on Chicago will be announced at a news conference Wednesday, July 8, at 10am CDT. The proposed site for the memorial is on the Museum Campus just north of The Field Museum. The announcement comes after nearly two years of planning by Chicago's architecture, design and urban planning community about how to best honor the legacy of Burnham and the Plan of Chicago he co-wrote with Edward Bennett.
| Aug 11, 2010
International Living Building Institute established to advance 'living buildings'
The idea of a Living Building, a high-performance building that produces its own power and cleans and reuses all of its water, is gaining momentum around the world. In an effort to oversee the global development of Living Buildings, the International Living Building Institute (ILBI) has been established.
| Aug 11, 2010
Arup, SOM top BD+C's ranking of the country's largest mixed-use design firms
A ranking of the Top 75 Mixed-Use Design Firms based on Building Design+Construction's 2009 Giants 300 survey. For more Giants 300 rankings, visit http://www.BDCnetwork.com/Giants
