Cubicles received a resounding endorsement, as nearly 80 percent of the respondents found reported that cubicles in their companies are getting smaller and shorter with more open space. A similarly strong majority – 89 percent – reported that cubicles represent an innovation in workplace design and are here to stay.
According to the CoreNet Global survey, 32% of respondents said they would be increasing office space occupancy, while 35% said office space would be decreasing. The remaining 34% reported that occupancy levels would remain the same. The third quarter results represent a shift downward from a second quarter survey when 41% said they would be increasing office space, a 9% decrease. The CoreNet Global survey records somewhat different results in the industrial space sector. Twenty-three percent of the respondents said they would be decreasing space in the third quarter, compared to only 12% in the second quarter, marking an 11% drop-off in industrial occupancy trends.
The survey was sent to 1,000 CoreNet Global corporate members and yielded a 10 percent response rate.
CoreNet Global members manage $1.2 trillion (US) in worldwide corporate assets totaling 700-billion square feet of owned and leased office, industrial and other space. With 7,500 members representing large corporations around the world, CoreNet Global (www.corenetglobal.org) operates in five global regions: Asia, Australia, Europe, Latin America and North America, including Canada.