The demand for office space is going to shrink even after the coronavirus pandemic recedes, according to a new survey of more than 400 finance and accounting executives by LeaseQuery, but will likely rebound from its current minimal footprint.
Some 31% of the respondents said they have reduced their real estate footprint in response to the pandemic, while 18% say they reduced their real estate leases. Looking ahead to next year, roughly as many say they will have a smaller real estate footprint (22%) as those who say they will have a larger one (21%). Most of the respondents, some 57%, say that there will not be a change in their real estate footprint in 2021.
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