A new CoreNet Global survey has found that post pandemic, workers will spend roughly half of the work week at the office and the remaining time either in a home office, remote location or co-working space.

While the office will remain a place for collaboration and teamwork, the overall corporate footprint is expected to be smaller two years from now for more than 54 percent of the companies surveyed. Nine percent project a reduction of less than 10 percent, 31 percent project a reduction of 10-30 percent and 14 percent project a decrease of greater than 30 percent.

At the same time, 18 percent of the companies project an increase in their footprint over two years and 27 percent report neither increases or decreases.

Eighty-five percent report that the role of the office moving forward will be for teamwork and collaboration as opposed to individual work. Sixty-eight percent report that the pattern of a 9 to 5 workday is a thing of the past.

In February, CoreNet Global conducted a survey of its worldwide membership to gain insight on how the ongoing COVID-19 crisis is impacting corporate real estate management. Nearly 200 people responded to the most recent survey, which was an update to the previous survey conducted in January.

CoreNet Global launched this version of the survey in conjunction with the first ever Corporate Real Estate Week, during which corporate real estate leaders from around the world are participating in sessions that detail the strategic role they will play in shaping the future of work.

About CoreNet Global

CoreNet Global is a non-profit association, headquartered in Atlanta, Georgia (US), representing more than 11,000 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 or follow @CoreNetGlobal on Twitter.