g-f(2)109 THE BIG PICTURE OF THE DIGITAL AGE, Fortune, Work-from-home isn’t going away: Only 4% of CEOs plan to add office space.

Extra-condensed knowledge

In our September 2020 survey, 76% of CEOs told Fortune their company would need less office space in the future. The number is so high one might assume it's an outlier. But in our January 2021 survey, 75% of CEOs still say they'd need less office space in the future.

• Fortune conducted a survey of CEOs in collaboration with Deloitte. We received over 100 responses from executives between January 5 and 13. We asked CEOs similar questions in our September 2020 survey—so we can see if CEOs are changing their minds.
• Only 4% of CEOs say their company will need more office space in the future. That figure was 6% in our September 2020 survey.

Genioux knowledge fact condensed as an image

Condensed knowledge  

• In our September 2020 survey, 76% of CEOs told Fortune their company would need less office space in the future. The number is so high one might assume it's an outlier. But in our January 2021 survey, 75% of CEOs still say they'd need less office space in the future.
• Fortune conducted a survey of CEOs in collaboration with Deloitte. We received over 100 responses from executives between January 5 and 13. We asked CEOs similar questions in our September 2020 survey—so we can see if CEOs are changing their minds.
• Only 4% of CEOs say their company will need more office space in the future. That figure was 6% in our September 2020 survey.
• Remote work may very well outlast the pandemic.
• Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, told Fortune that commercial real estate loans (CREs) are the most vulnerable financial sector with the potential to cause a shock to the financial system.
• *Methodology: Fortune surveyed CEOs in collaboration with Deloitte between Jan. 5 to 13. A total of 137 CEOs (86% in the U.S.) responded to the survey, which was sent to Fortune CEO Community. Among those, 104 fully completed the survey. That Fortune CEO Community includes Fortune 1000 CEOs, Global 1000 CEOs, and CEOs who attend Fortune conferences. 

Category 2: The Big Picture of the Digital Age

[genioux fact produced, deduced or extracted from Fortune]

Type of essential knowledge of this “genioux fact”: Essential Deduced and Extracted Knowledge (EDEK).

Type of validity of the "genioux fact". 

• Inherited from sources + Supported by the knowledge of one or more experts + Supported by a survey.

Authors of the genioux fact

Fernando Machuca

References

Work-from-home isn’t going away: Only 4% of CEOs plan to add office space., Lance Lambert, February 4, 2021, Fortune.

ABOUT THE AUTHORS

Lance Lambert (@NewsLambert)

Associate Data Editor @FortuneMagazine

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