U.S. businesses are looking to add office space this year, but their planning is more short-term than it used to be, according to a new survey by software specialist Visual Lease of 200 senior corporate real estate executives at companies with more than 1,000 workers.
Seventy percent of respondents said their businesses are looking to add space this year, but 88% are planning for their space needs a year or less in advance. A year ago, 35% of respondents reported planning their company's spaces with the same short timeline in mind.
The survey's results highlight a fundamental shift in tenant thinking in the…
Source: Companies Still Want Office Space, But They Also Want To Stay Nimble