Real Estate

Where companies say they will cut budgets first in a softer economy


monkeybusinessimages | iStock | Getty Images

It’s no secret that companies are reducing their real estate footprint. Even companies still committed to in-office work, but embracing a hybrid model, require less square footage and more use of shared office space.

Now as the economy cools, and at least flirts with entering a recession, real estate is going to be a focus of budget cuts for corporations.

That’s according to a new survey of more than 200 CFOs and finance executives conducted by Gartner in July and released on Wednesday, which revealed that “real estate/facilities management” was the corporate function most likely to face budget cuts.

“Given that 72% of CFOs want to trim their…


0 0 votes
Article Rating

GM Super Cruise hands-free system expanding to cover 400,000 miles

Previous article

Jobs report July 2022: 528,000

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Real Estate