New Office Leases Surge at the End of the Year

Figure 1: Corporate office openings did not flatline in 2020. Data from ZoomInfo’s databases looked at 539 office openings in the U.S. and abroad, seeing an uptick of nearly 59% for months October through November.
  • Despite the pandemic-induced economic crisis, 45% of respondents are either currently expanding globally or slightly delaying their expansion and doing it within one year.
  • 9% intend to expand internationally but remain in a year-long holding pattern.
  • More than 50% of the respondents expressed interest in expanding or adding operations in the Asia-Pacific region (more on this in a few paragraphs).

Most businesses are undeterred by COVID-19 and are pushing forward with new or expanded international operations.

  • Capturing market share (49.7%)
  • Expanding sales presence (44.8%)
  • Diversifying investments (30.9%)
  • Ability to acquire top talent (29.1%)
  • Reduction of costs (29.1%)
  • Merger and acquisitions activity (27.9%)
  • Adding an employee in-country near a customer or client (22.4%)

Do you have a (data-driven) story?

--

--

--

We use millions of data points from our B2B intelligence platform to unearth trends in the way people buy, sell, and go to market. https://www.zoominfo.com

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Three Reasons Your Business Growth Is Stagnant

Barclays criticised over relationship with disgraced Maltese timeshare company Azure.

How Has E-Commerce Conquered Post-Soviet Countries?

Amazon, the animal farm

Talis Capital: what we’re looking for in 2021

How Banks Could Survive the Tech Revolution and Act as Consumer Champions to Save You a Fortune

Saturday Cup of Joe from Detroit

3 Startups That Have The Balls To Go Big

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
ZoomInfo

ZoomInfo

We use millions of data points from our B2B intelligence platform to unearth trends in the way people buy, sell, and go to market. https://www.zoominfo.com

More from Medium

What I learned from hiring.

Top 14 Nomad Challenges For 2022 & How To Overcome Them

Are You Managing Cash Or Is Cash Managing You?

The Truth About Credit Card Debt — You Can Ditch It Today!

debt, money, financial worries can create stress and chaos