Employers that downsized office space say they now need to expand with hybrid work

This story was originally published on sister site, WorkLife.

More employers want to add office space after shedding it during the pandemic and the yearslong transition to hybrid work, according to a new survey from real estate firm CBRE of 225 companies with offices in the U.S., Canada and Latin America. Last year just 20% of companies said they expected to expand their occupied space in the next three years, compared to nearly 40% this year, that survey found. 

With a large chunk of the workforce now back working in person (at least a few days a week), some companies that downsized too much, or added staff and expect to add more, are realizing their spaces can’t properly accommodate employees on high attendance days, according to the report.

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