20% of Corporate Executives Say They Plan to Reduce Office Space
- American Institute of CPAs surveys outlook for next 12 months
- Long-term leases limit changes as firms wait for renewals
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More than one-in-five company executives expect a reduction in office space in the coming year, according to the American Institute of CPAs survey.
Businesses planning to shrink their commercial real estate footprint by 10% to 24% over the next 12 months saw the most significant change among those surveyed, according to the report released Thursday.