Despite some employees still working remotely, managers recognize the wisdom of keeping their same office square footage.
Why are companies retaining the same office space despite hybrid work?
Managers recognize that hybrid work often leads to mid-week crowding, where employees tend to come into the office on the same days. This pattern means that a reduction in remote work doesn't necessarily lead to a proportional decrease in space requirements. Many companies have found that they still need the same amount of office space to accommodate this mid-week attendance.
What trends are influencing office attendance policies?
Recent trends show a shift among major employers towards requiring more in-office attendance. For example, Meta Platforms announced that employees will need to work from the office three days a week, while Skadden, Arps, Slate & Meagher requires lawyers to be in the office four days a week. These changes reflect a broader movement towards fostering collaboration and maintaining company culture.
How has office attendance changed since the pandemic?
Since the pandemic, office attendance has shown significant seasonal variations. For instance, attendance was 20% higher in the post-Labor Day, pre-Thanksgiving period of 2022 compared to the first five months of that year. In 2021, attendance was almost 50% higher during the same period. This trend indicates that employees are more likely to return to the office during certain times of the year.