The Corner Office or a Wireless Laptop?

The Corner Office or a Wireless Laptop?

Press Release
September 21, 2004

CoreNet Global survey examining high-tech workplace
trends finds today’s workers want both

ATLANTA – September 21, 2004 – Today’s employees view a prestigious, large corner office with the same degree of importance as the ability to work remotely with a laptop and wireless connectivity, according to a new survey conducted by CoreNet Global, the world’s leading professional association for corporate real estate asset managers and workplace professionals.

More than half the respondents also said that the practice of "working from home" or "telecommuting" is only OK in special circumstances – more than a third said that it was equivalent to working at the office. Only nine percent said that it was code for blowing off work.

A full 86 percent said that a "teleconferenced meeting" was a prudent alternative to corporate travel.

Cubicles received a resounding endorsement, as nearly 80 percent of the respondents found reported that cubicles in their companies are getting smaller and shorter with more open space. A similarly strong majority – 89 percent – reported that cubicles represent an innovation in workplace design and are here to stay.

According to the CoreNet Global survey, 32% of respondents said they would be increasing office space occupancy, while 35% said office space would be decreasing. The remaining 34% reported that occupancy levels would remain the same. The third quarter results represent a shift downward from a second quarter survey when 41% said they would be increasing office space, a 9% decrease. The CoreNet Global survey records somewhat different results in the industrial space sector. Twenty-three percent of the respondents said they would be decreasing space in the third quarter, compared to only 12% in the second quarter, marking an 11% drop-off in industrial occupancy trends.

The survey was sent to 1,000 CoreNet Global corporate members and yielded a 10 percent response rate.

CoreNet Global members manage $1.2 trillion (US) in worldwide corporate assets totaling 700-billion square feet of owned and leased office, industrial and other space. With 7,500 members representing large corporations around the world, CoreNet Global (www.corenetglobal.org) operates in five global regions: Asia, Australia, Europe, Latin America and North America, including Canada.