Some of you have said to us, “We are looking to downsize our office space.” Turns out, 69% of CEOs say the same thing. KPMG conducts an annual survey of CEOs. In 2020, they got the feedback of 315. Many of them realize they many not need all that office space. In 2020, these smart CEOs are looking to alternatives.
Not to worry, 60% of the CEOS said they are “more confident” in their businesses’ growth prospects. That’s as compared with the beginning of the year.
And, nearly that many said: “The pandemic has changed their focus towards their environmental, social and governance-related programs.”
In August, NPR’s “Marketplace Morning Report” host Sabri Ben-Achour interviewed KPMG Chair and CEO Paul Knopp. One interesting note, many CEOs are zeroing in on their company’s purpose. That’s how they affect the world and their stakeholders. And, they are getting clear on their values.
Downsizing to Fine Tune
So, when these CEOs say “We are going to downsize our office space,” what they mean is fine-tune their operations. The goals: 1. Adapt in light of how we work now. 2. The usefulness of technology for collaboration. 3. The impact they are having on those around them.
CoWork 414 is currently home base to several local businesses who no longer have a physical location but would like to receive their mail at a commercial address. Note that this service is only available to local businesses because we are about community.