{"id":1004655271,"date":"2023-04-04T01:46:21","date_gmt":"2023-04-04T09:46:21","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004655271"},"modified":"2025-02-25T04:27:14","modified_gmt":"2025-02-25T12:27:14","slug":"poll-results-how-much-is-your-company-downsizing-office-space","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/poll-results-how-much-is-your-company-downsizing-office-space\/","title":{"rendered":"Poll Results: How Much Is Your Company Downsizing Office Space?"},"content":{"rendered":"
\"\"<\/a>

By how much is your company downsizing office space in the face of an economic slowdown and hybrid work?<\/em><\/p><\/div>\n

In CPE\u2019s latest monthly poll, readers were asked about their companies\u2019 possible downsizing of office space, particularly in the face of an anticipated recession, as well as the unchanging appeal of hybrid work. Nearly three quarters of respondents, 73 percent, stated that their company is not shrinking their spaces at all, likely owing to longer-term leases and warming sentiments toward working in-person<\/a>.<\/p>\n

\n

READ ALSO: <\/strong>What the New Wave of M&As Means for CRE<\/span><\/a><\/p>\n

\n

At the same time, a total of 27 percent stated that their office space is being downsized by orders of 26 to 50 percent, 51 to 75 percent, and 76 to 100 percent, with an even 7 percent split of those seeing decreases of over half their space. These statistics likely owe to ongoing struggles in the sector, such as historically low occupancy levels, imminently expiring leases that are unlikely to be renewed in full, as well as an ever-more uncertain lending and deal making environment, furthered by the recent collapse of two banks carrying sizeable commercial real estate loans<\/a>.<\/p>\n

The tech sector is a significant contributor to these trends, with leases of over 20,000 square feet down 74 percent from a quarterly average of 8.6 million square feet recorded prior to the pandemic, according to data from a January 2023 report<\/a> from Savills.<\/p>\n

Click here<\/a> to access the current poll, and to see the results of previous polls. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

More than 70 percent of respondents said that their employers had planned no changes to their footprint.<\/p>\n","protected":false},"author":3012,"featured_media":1004655272,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742,21747],"tags":[],"class_list":["post-1004655271","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest","category-office"],"acf":[],"yoast_head":"\nPoll: Office Downsizing - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"The majority of respondents said that their company has not planned to make any changes. That could change in the event of a lease expiration.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/poll-results-how-much-is-your-company-downsizing-office-space\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Poll Results: How Much Is Your Company Downsizing Office Space?\" \/>\n<meta property=\"og:description\" content=\"The majority of respondents said that their company has not planned to make any changes. That could change in the event of a lease expiration.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/poll-results-how-much-is-your-company-downsizing-office-space\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-04T09:46:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-25T12:27:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/0423_CPE_poll_bk.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gabriel Frank\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/poll-results-how-much-is-your-company-downsizing-office-space\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/poll-results-how-much-is-your-company-downsizing-office-space\/\",\"name\":\"Poll: Office Downsizing - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/poll-results-how-much-is-your-company-downsizing-office-space\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/poll-results-how-much-is-your-company-downsizing-office-space\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/0423_CPE_poll_bk.jpg\",\"datePublished\":\"2023-04-04T09:46:21+00:00\",\"dateModified\":\"2025-02-25T12:27:14+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cf1bfd2d6753f6ea305911ffd020862c\"},\"description\":\"The majority of respondents said that their company has not planned to make any changes. That could change in the event of a lease expiration.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/poll-results-how-much-is-your-company-downsizing-office-space\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/poll-results-how-much-is-your-company-downsizing-office-space\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/poll-results-how-much-is-your-company-downsizing-office-space\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/0423_CPE_poll_bk.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/0423_CPE_poll_bk.jpg\",\"width\":800,\"height\":620,\"caption\":\"By how much is your company downsizing office space in the face of an economic slowdown and hybrid work?\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/poll-results-how-much-is-your-company-downsizing-office-space\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Poll Results: How Much Is Your Company Downsizing Office Space?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cf1bfd2d6753f6ea305911ffd020862c\",\"name\":\"Gabriel Frank\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/GF2.jpg?w=90\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/GF2.jpg?w=90\",\"caption\":\"Gabriel Frank\"},\"description\":\"Gabriel Frank is a Senior Associate Editor with Multi-Housing News and Commercial Property Executive. He has a background in journalism, and is the editor of MHN's Daily and Weekly newsletters. He lives in New York City.\",\"birthDate\":\"2000-05-11\",\"gender\":\"Male\",\"jobTitle\":\"Editor\",\"worksFor\":\"Yardi Systems\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/gabriel-frank\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Poll: Office Downsizing - Commercial Property Executive","description":"The majority of respondents said that their company has not planned to make any changes. That could change in the event of a lease expiration.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/poll-results-how-much-is-your-company-downsizing-office-space\/","og_locale":"en_US","og_type":"article","og_title":"Poll Results: How Much Is Your Company Downsizing Office Space?","og_description":"The majority of respondents said that their company has not planned to make any changes. That could change in the event of a lease expiration.","og_url":"https:\/\/www.commercialsearch.com\/news\/poll-results-how-much-is-your-company-downsizing-office-space\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2023-04-04T09:46:21+00:00","article_modified_time":"2025-02-25T12:27:14+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/0423_CPE_poll_bk.jpg","type":"image\/jpeg"}],"author":"Gabriel Frank","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/poll-results-how-much-is-your-company-downsizing-office-space\/","url":"https:\/\/www.commercialsearch.com\/news\/poll-results-how-much-is-your-company-downsizing-office-space\/","name":"Poll: Office Downsizing - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/poll-results-how-much-is-your-company-downsizing-office-space\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/poll-results-how-much-is-your-company-downsizing-office-space\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/0423_CPE_poll_bk.jpg","datePublished":"2023-04-04T09:46:21+00:00","dateModified":"2025-02-25T12:27:14+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cf1bfd2d6753f6ea305911ffd020862c"},"description":"The majority of respondents said that their company has not planned to make any changes. That could change in the event of a lease expiration.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/poll-results-how-much-is-your-company-downsizing-office-space\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/poll-results-how-much-is-your-company-downsizing-office-space\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/poll-results-how-much-is-your-company-downsizing-office-space\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/0423_CPE_poll_bk.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/0423_CPE_poll_bk.jpg","width":800,"height":620,"caption":"By how much is your company downsizing office space in the face of an economic slowdown and hybrid work?"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/poll-results-how-much-is-your-company-downsizing-office-space\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Poll Results: How Much Is Your Company Downsizing Office Space?"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cf1bfd2d6753f6ea305911ffd020862c","name":"Gabriel Frank","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/GF2.jpg?w=90","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/GF2.jpg?w=90","caption":"Gabriel Frank"},"description":"Gabriel Frank is a Senior Associate Editor with Multi-Housing News and Commercial Property Executive. He has a background in journalism, and is the editor of MHN's Daily and Weekly newsletters. He lives in New York City.","birthDate":"2000-05-11","gender":"Male","jobTitle":"Editor","worksFor":"Yardi Systems","url":"https:\/\/www.commercialsearch.com\/news\/author\/gabriel-frank\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/0423_CPE_poll_bk.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004655271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/3012"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004655271"}],"version-history":[{"count":8,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004655271\/revisions"}],"predecessor-version":[{"id":1004655476,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004655271\/revisions\/1004655476"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004655272"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004655271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004655271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004655271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}