The technology sector was the only one where companies planned to expand their office footprint rather than downsize. According to the results of a 2022 survey, 52 percent of office occupiers had plans to expand, whereas in the finance sector, which ranked second by expansion plans, this share was 24 percent. As many companies choose to downsize, demand for office real estate may continue to weaken.
Distribution of office occupiers by their plans to expand or downsize office footprint in the United States in 2022, by sector
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JLL. (May 10, 2022). Distribution of office occupiers by their plans to expand or downsize office footprint in the United States in 2022, by sector [Graph]. In Statista. Retrieved January 09, 2025, from https://www.statista.com/statistics/1089717/office-space-expansion-or-downsizing-plans-of-us-companies/
JLL. "Distribution of office occupiers by their plans to expand or downsize office footprint in the United States in 2022, by sector." Chart. May 10, 2022. Statista. Accessed January 09, 2025. https://www.statista.com/statistics/1089717/office-space-expansion-or-downsizing-plans-of-us-companies/
JLL. (2022). Distribution of office occupiers by their plans to expand or downsize office footprint in the United States in 2022, by sector. Statista. Statista Inc.. Accessed: January 09, 2025. https://www.statista.com/statistics/1089717/office-space-expansion-or-downsizing-plans-of-us-companies/
JLL. "Distribution of Office Occupiers by Their Plans to Expand or Downsize Office Footprint in The United States in 2022, by Sector." Statista, Statista Inc., 10 May 2022, https://www.statista.com/statistics/1089717/office-space-expansion-or-downsizing-plans-of-us-companies/
JLL, Distribution of office occupiers by their plans to expand or downsize office footprint in the United States in 2022, by sector Statista, https://www.statista.com/statistics/1089717/office-space-expansion-or-downsizing-plans-of-us-companies/ (last visited January 09, 2025)
Distribution of office occupiers by their plans to expand or downsize office footprint in the United States in 2022, by sector [Graph], JLL, May 10, 2022. [Online]. Available: https://www.statista.com/statistics/1089717/office-space-expansion-or-downsizing-plans-of-us-companies/