CBRE survey: Physical office remains important

CBRE Research recently conducted a survey of 126 senior-level global real estate executives to determine how the COVID-19 pandemic will change the location, design, and use of office space.

The survey findings — the first in a series — reveal a blend of cautious optimism and pragmatic concerns: • There is a future for a more flexible work policy. • The physical office remains important. • Cyclical portfolio adjustments are being pursued. • Long-term strategies are under consideration amid the pandemic, with a strong emphasis on flexible strategies. • The workplace is changing, trending toward a greater balance of traditional and collaborative space to satisfy a more hybrid workforce.