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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…