{"id":3000076341,"date":"2024-09-12T08:59:11","date_gmt":"2024-09-12T12:59:11","guid":{"rendered":"https:\/\/www.wework.com\/ideas\/?p=3000076341"},"modified":"2025-02-26T16:08:24","modified_gmt":"2025-02-26T21:08:24","slug":"survey-reinforces-that-the-future-of-the-office-is-flex","status":"publish","type":"post","link":"https:\/\/www.wework.com\/ideas\/research-insights\/survey-reinforces-that-the-future-of-the-office-is-flex","title":{"rendered":"Survey reinforces that the future of the office is flex"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>WeWork conducted an anonymous survey of business leaders across major industries in the United States and United Kingdom, revealing that the majority of remote, hybrid and fully-in-office companies plan to increase their office space in the next two years, primarily through flexible workspace.&nbsp;<\/p>\n\n\n\n<p>Companies believe the office plays a critical role in driving profitability, boosting productivity and fostering company culture, reinforcing that the future of workspaces must be flexible, or contain a flexible element. Key insights include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>86%<\/strong> of respondents foresee the office becoming more important to their <strong>profitability<\/strong> and organization&#8217;s <strong>culture<\/strong> over the next five years<\/li>\n\n\n\n<li><strong>82%<\/strong> of fully in-office and <strong>76%<\/strong> of hybrid companies said their workplace strategy positively impacted employee <strong>productivity<\/strong>, compared to just <strong>two thirds<\/strong> of remote organizations<\/li>\n\n\n\n<li><strong>59%<\/strong> of companies who plan to increase their workspace in the next two years are choosing flexible over traditional offices, including nearly <strong>three quarters<\/strong> of remote companies<\/li>\n<\/ul>\n\n\n<div\r\n  data-block_7b2d265b4770a8776af5ead05f251b58\r\n  class=\"sticky-cta align sticky-cta--bottom sticky-cta--default--bottom sticky-cta--right sticky-cta--default\"\r\n>\r\n  <div class=\"sticky-cta__copy sticky-cta--default__copy\">\r\n    <p>Want to learn more about flexible space?<\/p>\n\r\n  <\/div>\r\n\r\n  <div class=\"sticky-cta__button-wrap sticky-cta--default__button\">\r\n    <button class=\"ray-button ray-button--primary sticky-cta__button\">\r\n      <a\r\n        href=\"#nf-form-31-cont\"\r\n        class=\"sticky-cta__link sticky-cta--default__link\">\r\n        Get in touch\r\n      <\/a>\r\n    <\/button>\r\n  <\/div>\r\n<\/div>\r\n\n\n\n<p>\u201cWeWork created the flexible workspace category recognizing that the office isn\u2019t just where a company\u2019s success happens, but a core driver of <em>how<\/em> it happens,\u201d said <strong>John Santora, Chief Executive Officer at WeWork<\/strong>. \u201cThis new data underscores a significant shift in recent years, where fully remote work is losing steam as businesses acknowledge the irreplaceable value of the office, cementing hybrid work as the best-of-both-worlds solution.<\/p>\n\n\n\n<p>\u201cWith pandemic-era policies phasing out, Chief Operating Officers and Chief Financial Officers are now defining their workplace strategies with a focus on agile costs and bespoke, turnkey solutions to improve their bottom line. This, coupled with an emphasis on quality over quantity of office space, is propelling a flight toward flexible workspaces for their location, design and amenities.<em> <\/em>As companies look to the future, flexible workspaces are best positioned to provide adaptable solutions that meet their priorities: maximizing space utilization, enhancing productivity and encouraging employee engagement.\u201d<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.wework.com\/ideas\/wp-content\/uploads\/sites\/4\/2024\/09\/AD_4nXer5eLzzVAkpOw_rA-_vlCdPtb6C98uDg6yYjPf497B4F_odrBre78pDRlNV4JS3SJSpyaM1uhO_nSdXyDp-BarcuKTNBdJMx8q_BQJE8_C-_CGmEB242CjGJqC-9rrX1WQXud_Fvc4hJ0JgHRXy2PsbARkeyN-_jxLTrWDBwVrzsv0Lgfg.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p><strong>The Office is Driving Profitability + Productivity<\/strong><\/p>\n\n\n\n<p>Organization\u2019s workforce strategies have a significant impact on their financial performance, and business leaders are taking note. In fact, an overwhelming <strong>83%<\/strong> of leaders surveyed agree that the office is more important to their bottom line and profitability now than it was five years ago and, importantly, <strong>86%<\/strong> believe it will become even more important in the next five years.<\/p>\n\n\n\n<p>Shorter and more flexible lease terms allow real estate costs to become more agile, enabling workforce strategies to serve as key drivers of productivity and financial performance:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Companies who spend time in-office were more likely to say that their workplace strategy positively impacted employee productivity &#8211; <strong>82%<\/strong> of fully in-office and<strong> 76%<\/strong> of hybrid companies agreed, compared to <strong>two thirds<\/strong> of remote organizations<\/li>\n\n\n\n<li>While technology companies led the charge towards remote work during the pandemic and financial services firms were some of the first to call workers back, these industries are now aligned on the office\u2019s value &#8211; both sectors agree (<strong>88%<\/strong> and <strong>84%<\/strong> respectively) that the office is more important to their company\u2019s profitability than it was pre-pandemic, five years ago<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.wework.com\/ideas\/wp-content\/uploads\/sites\/4\/2024\/09\/AD_4nXfLT-FVOWFb5phMYW_6HyH4yUHoCS9tiZ8E164gSdpSk6AXewDMfWf7DIAeCUdk5iUAGHm-zSdgCjBQ_ecQzfGrozTfaCkI5gPcXEE0cKf6Rxgnntb95NF0FpaLSQtw0VymtwYgW-2JKul3jAGwzuoLz9L2keyN-_jxLTrWDBwVrzsv0Lgfg.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p><strong>Workplace Strategies are Essential in Shaping Company Culture<\/strong><\/p>\n\n\n\n<p>At the heart of many organizations is their culture, which more companies are finding to be driven by in-office collaboration and interactions. The survey confirms this sentiment, revealing that <strong>82%<\/strong> of respondents believe the office is more important to their organizational culture now than it was five years ago and <strong>86%<\/strong> predict it will be more important five years from now.<\/p>\n\n\n\n<p>Additional highlights from the survey reinforce that the office has evolved into more than just a workspace; it\u2019s a place where teams intentionally come together to collaborate:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Companies who spend more time in-office are more likely to report positive improvements on culture: on average, <strong>81%<\/strong> of fully in-office companies saw a positive impact on recruiting, staff retention and organizational culture, compared to<strong> 74%<\/strong> of hybrid and <strong>67%<\/strong> of remote companies<\/li>\n\n\n\n<li>More than two-thirds of leaders from all industries surveyed agree that over the past five years, the office has positively shaped organizational cultures, with the Construction\/Property (92%), Energy (90%) and Financial Services industry (88%) believing this most strongly<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.wework.com\/ideas\/wp-content\/uploads\/sites\/4\/2024\/09\/AD_4nXe92LbODlMnUlS6TfhoN9qAv41npeBkI9JBxAYC-_2Jbpe3jxKeUDrL89Fd9XWLFzXgtuCvTmpF1BJGgn-Luz-9GyUe56C9TXwpLlu0T2C9W-kDHRNrd40ntZLVl0yS50O2i3WinZBmGyRzgrRDFMUygXskeyN-_jxLTrWDBwVrzsv0Lgfg.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p><strong>Flight to Flexible Workspaces will Propel Future Office Growth&nbsp;<\/strong><\/p>\n\n\n\n<p>As believers that the office drives profitability and culture, the majority of companies are planning to increase their office space over the next two years. In doing so, most are prioritizing flexible workspaces. According to the survey, <strong>72% <\/strong>of companies are planning to expand their workspace within this timeframe and <strong>59%<\/strong> of which will do so through coworking or flexible office locations.<\/p>\n\n\n\n<p>More specifically, the data shows that remote work is losing steam and that flexible workspaces are attracting companies of all sizes and industries:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>95%<\/strong> of remote companies are planning to increase their workspace in the next two years, with nearly <strong>three quarters<\/strong> investing in coworking and flexible offices\n<ul class=\"wp-block-list\">\n<li><strong>76%<\/strong> of fully office-based companies and <strong>68%<\/strong> of hybrid companies are planning to expand their workspace, with almost <strong>two thirds<\/strong> of each investing in coworking and flexible offices<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Larger businesses are investing more in coworking or flexible workspaces over the next two years &#8211; <strong>54%<\/strong> of medium-sized and <strong>41%<\/strong> of enterprise companies are looking to add these spaces to their portfolio, compared to about <strong>a third<\/strong> of small businesses<\/li>\n\n\n\n<li>IT\/Technology and Financial Services are the two industries leading the charge towards coworking and flexible offices &#8211; <strong>50%<\/strong> of these companies are investing in these spaces over the next two years, compared to:\n<ul class=\"wp-block-list\">\n<li><strong>43%<\/strong> of Construction and Property<\/li>\n\n\n\n<li><strong>43%<\/strong> of Energy<\/li>\n\n\n\n<li><strong>43%<\/strong> of other industries<\/li>\n\n\n\n<li><strong>33%<\/strong> of Manufacturing<\/li>\n\n\n\n<li><strong>30% <\/strong>of Business and Professional Services<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1440\" height=\"810\" src=\"\/ideas\/wp-content\/uploads\/sites\/4\/2024\/09\/DMS_Infographic_1-1.jpg\" alt=\"\" class=\"wp-image-3000076449\" srcset=\"https:\/\/www.wework.com\/ideas\/wp-content\/uploads\/sites\/4\/2024\/09\/DMS_Infographic_1-1.jpg?w=1440 1440w, https:\/\/www.wework.com\/ideas\/wp-content\/uploads\/sites\/4\/2024\/09\/DMS_Infographic_1-1.jpg?w=400 400w, https:\/\/www.wework.com\/ideas\/wp-content\/uploads\/sites\/4\/2024\/09\/DMS_Infographic_1-1.jpg?w=800 800w, https:\/\/www.wework.com\/ideas\/wp-content\/uploads\/sites\/4\/2024\/09\/DMS_Infographic_1-1.jpg?w=1120 1120w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<p><strong>To read more about the report and methodology, <a href=\"http:\/\/www.wework.com\/newsroom\/wework-survey-reinforces-the-future-is-flex-as-business-leaders-saythe-office-is-critical-for-profitability-and-culture\">click here<\/a>.&nbsp;<\/strong><\/p>\n\n\n<noscript class=\"ninja-forms-noscript-message\">\n\tNotice: JavaScript is required 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href=\\\"https:\\\/\\\/www.wework.com\\\/legal\\\/terms-of-service\\\" target=\\\"_blank\\\" style=\\\"font-size: 13.3333px;\\\">Terms of Service<\\\/a><span style=\\\"font-size: 13.3333px;\\\">&nbsp;and acknowledge our&nbsp;<\\\/span><a href=\\\"https:\\\/\\\/www.wework.com\\\/legal\\\/global-privacy-policy\\\" style=\\\"font-size: 13.3333px;\\\">Global Privacy Policy<\\\/a><span style=\\\"font-size: 13.3333px;\\\">.<\\\/span><br><\\\/p>\",\"container_class\":\"width 100\",\"element_class\":\"width 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our&nbsp;<\\\/span><a href=\\\"https:\\\/\\\/www.wework.com\\\/legal\\\/terms-of-service\\\" target=\\\"_blank\\\" style=\\\"font-size: 13.3333px;\\\">Terms of Service<\\\/a><span style=\\\"font-size: 13.3333px;\\\">&nbsp;and acknowledge our&nbsp;<\\\/span><a href=\\\"https:\\\/\\\/www.wework.com\\\/legal\\\/global-privacy-policy\\\" style=\\\"font-size: 13.3333px;\\\">Global Privacy Policy<\\\/a><span style=\\\"font-size: 13.3333px;\\\">.<\\\/span><br><\\\/p>\",\"label_pos\":\"above\",\"parentType\":\"html\",\"element_templates\":[\"html\",\"input\"],\"old_classname\":\"\",\"wrap_template\":\"wrap\"},{\"objectType\":\"Field\",\"objectDomain\":\"fields\",\"editActive\":false,\"order\":12,\"idAttribute\":\"id\",\"type\":\"submit\",\"label\":\"Submit\",\"processing_label\":\"Processing\",\"container_class\":\"\",\"element_class\":\"\",\"key\":\"submit_1554741098461\",\"field_label\":\"Submit\",\"field_key\":\"submit_1554741098461\",\"wrap_styles_show_advanced_css\":0,\"element_styles_show_advanced_css\":0,\"submit_element_hover_styles_show_advanced_css\":0,\"cellcid\":\"c4249\",\"created_at\":\"2019-04-11 14:18:43\",\"admin_label\":\"\",\"id\":359,\"beforeField\":\"\",\"afterField\":\"\",\"value\":\"\",\"label_pos\":\"above\",\"parentType\":\"textbox\",\"element_templates\":[\"submit\",\"button\",\"input\"],\"old_classname\":\"\",\"wrap_template\":\"wrap-no-label\"}];nfForms.push(form);<\/script>\n                <script id=\"nf-tmpl-cell\" type=\"text\/template\">\r\n            <nf-fields><\/nf-fields>\r\n        <\/script>\r\n\r\n        <script id=\"nf-tmpl-row\" type=\"text\/template\">\r\n            <nf-cells><\/nf-cells>\r\n        <\/script>\r\n\r\n        \n\n\n<p><em>Vanson Bourne conducted the anonymous, online survey of 500 business decision makers from the U.S. and U.K. from May 3, 2024, to May 16, 2024. Respondents came from organizations that currently have an office or have had one in the last 5 years and work at the mid-level management, senior management, executive or board level at their company. Respondents were recruited from third-party panels and went through a rigorous screening process by both the third-party panels and Vanson Bourne.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p><em>86% of business leaders see offices becoming more important for profitability and company culture<\/em><\/p>\n","protected":false},"author":883,"featured_media":3000076345,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"template-single-default.blade.php","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[43907,43901],"tags":[],"class_list":["post-3000076341","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research-studies","category-research-insights"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.4 (Yoast SEO v25.3.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Survey reinforces that the future of the office is flex<\/title>\n<meta name=\"description\" content=\"86% of business leaders see offices becoming more important for profitability and company culture\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wework.com\/ideas\/research-insights\/survey-reinforces-that-the-future-of-the-office-is-flex\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Survey reinforces that the future of the office is flex\" \/>\n<meta property=\"og:description\" content=\"86% of business leaders see offices becoming more important for profitability and company culture\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wework.com\/ideas\/research-insights\/survey-reinforces-that-the-future-of-the-office-is-flex\" \/>\n<meta property=\"og:site_name\" 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