Corporate Headquarters Are Being Redesigned and Reimagined, but not DisappearingJuly 25, 2023
Hello, I hope your summer has been enjoyable so far. This month, I am passing along an interesting article that I read on PR Newswire about a recent survey done by CoreNet on the status of employees making it into the office. CoreNet is a non-profit representing nearly 10,000 corporate real estate executives across the globe. I hope you enjoy the article and feel free to comment below.
New Survey By CoreNet Global Reveals That Mandates of Three Days in the Office is Most Common, Though Not All Employees are Compliant
ATLANTA, July 24, 2023 /PRNewswire/ — More than a third of companies polled by CoreNet Global, the premier association for corporate real estate professionals, say that employees are required to be in the office three days a week, but more than 50 percent also say that there is a gap between the number of days employees are required to be in the office and the number of days they are actually there.
How many days workers are required to be in the office:
- 0 – 25.3 percent
- 1 – 2.8 percent
- 2 – 10.3 percent
- 3 – 36.7 percent
- 4 – 12 percent
- 5 – 12.6 percent
Is there a gap between the mandated number of days and the actual number that workers are coming in?
- Yes – 55.5 percent
- No – 44.5 percent
“We are indeed seeing companies that wish to implement post-pandemic, return to office mandates, but employees are pushing back. We will be watching to see how this dynamic plays itself out over the next year,” said Tim Venable, Senior Vice President, Research and Content Development at CoreNet Global.
Overall companies are still committed to having a corporate headquarters with more than 90 percent saying that they have not abandoned the headquarters in favor of remote work. Nearly half have redesigned the headquarters with features that include fewer individual workstations, air filtration, modifications to snack areas, touchless devices, and desk hoteling/unassigned spaces.
Many companies are using less space. More than half, 55.4 percent say that their corporate real estate footprint is smaller than it was two years ago. (18.5 percent by less than 10 percent, 17.9 percent by 10-20 percent; and 19 percent by more than 20 percent.
Thirty-one percent say that the portfolio has not changed compared to two years ago.
In terms of their view of the economy over the next six months, 41.2 percent believe that it is declining and 26 percent say that it is improving. Only 25 percent plan to institute layoffs over the next year.
The survey was conducted in July 2023; there were 174 responses globally.
About CoreNet Global
CoreNet Global is a non-profit association, headquartered in Atlanta, Georgia (US), representing nearly 10,000 executives in 50 countries with strategic responsibility for the real estate assets of large corporations. The organization’s mission is to advance the practice of corporate real estate through professional development opportunities, publications, research, conferences, designations and networking in 45 local chapters and networking groups globally. For more information, please visit www.corenetglobal.org and follow CoreNet Global on LinkedIn.