20% to 38% increase in companies planning to expand office space, per CBRE's survey of 225 firms.
CBRE's survey of 225 companies reveals that the peak of office downsizing may be over, with the share of companies planning to expand their office space rising from 20% to 38%. The high costs of moving and building new spaces remain a limiting factor for companies looking to expand, but the change in sentiment indicates a potential return to growth for the US office market. Companies are primarily relocating for upgraded space, improved employee experience, and better quality locations, while office attendance has increased modestly to a steady state.
August 24, 2024
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