Economic and geopolitical uncertainties are delaying some restructuring plans, but only temporarily, as pressure to control commercial real estate spending remains “as strong as ever,” the firm says.
Downsizing of office space has peaked, Cushman & Wakefield says, with return-to-office strategies accelerating demand for space despite uncertainty in the broader economy, according to a report it released Friday in conjunction with CoreNet Global.
Following years of footprint rationalization, pent-up demand for office space is now evident, with about an eighth of occupiers planning to expand their footprint, and average lease sizes growing 13% in the past two years, the firm said in a release. Cost continues to drive commercial real estate decisions, with pressure to reduce and control spending “remaining as strong as ever,” Cushman & Wakefield and CoreNet Global said in the report...
Following years of footprint rationalization, pent-up demand for office space is now evident, with about an eighth of occupiers planning to expand their footprint, and average lease sizes growing 13% in the past two years, the firm said in a release. Cost continues to drive commercial real estate decisions, with pressure to reduce and control spending “remaining as strong as ever,” Cushman & Wakefield and CoreNet Global said in the report...
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RSK: With AI coming on strong in the next year or two I have a feeling downsizing will remain for certain businesses for some time.
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- - Volume: 25 - WEEK: 27 Date: 7/1/2025 12:24:29 PM -