How Canadian businesses anticipate their real estate strategy changing over the next 3 years

Cresa, in conjunction with Financial Executives International (FEI) Canada, conducted a survey of Canadian businesses to understand how companies anticipate their real estate strategy and holdings changing over the next three years.

Surveying financial executives across a number of industries, including Finance, Insurance, Technology and Manufacturing, found that over the next three years, companies are anticipating:

1. Headcount for most industries continuing to grow.
   
   
2. More employees shifting to working from home, thereby decreasing the office footprint. A critical component for this trend is not only ensuring the right technological capabilities, but also understanding how to create a shared culture/experience for employees who work from home.
   
   
3. As we see more demand for a curated office “experience,” the design of office spaces will continue to change. The survey showed a trend towards a reduced square foot per employee and more open vs. closed spaces. Companies increasingly looking to create different types of work spaces – formal, informal, collaborative – to suit every type of working style.

To see the survey highlights, take a look at our one-page infographic.