Flexible Office for the Evolving Workforce

Return to Office Dominated by Flexibility U.S. workers working hybrid or remote vs on-site 2019-Q4 2022

Hybrid Work Persists

• As the share of employees working exclusively remotely returns closer to pre pandemic levels, hybrid is the new “norm.” • As of November 2022, a fifth of office employees have indicated they are on-site every day while a fourth are exclusively remote. The remainder (53%) are working in a hybrid workplace ecosystem (i.e., in the office part of the time and working remotely part of the time). • According to Gallup, employees prefer more flexibility. A third want to be work exclusively remote while the overwhelmingly preferred work model is hybrid (the stated preference of 61% of employees). • Cushman & Wakefield’s Experience per Square Foot TM analysis shows a similar trend towards post-pandemic flexibility.

Hybrid (>10% to <100% remote)

Exclusively Remote

On-site

80%

70%

70%

60%

60%

53%

50%

40%

32%

30%

Share of respondents

26%

18%

21%

20%

10%

12%

8%

0%

2019

Q2 2020 Q2 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022

Source: Gallup