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This Fortune 500 Utility's Plans To Slash Office Space Makes It Stand Out

Duke Energy's New Hybrid Work Model Part of Broader Modernization Push
Duke Energy plans to vacate its current headquarters, center, and other office buildings in Charlotte, North Carolina, reducing its office space by 1.5 million square feet. (CoStar)
Duke Energy plans to vacate its current headquarters, center, and other office buildings in Charlotte, North Carolina, reducing its office space by 1.5 million square feet. (CoStar)
CoStar News
June 21, 2021 | 7:21 P.M.

As corporate America heads back to the office, more companies are rethinking their initial instinct of last year to cut back on space as employees worked at home. But one Fortune 500 company is sticking to plans to shrink its office footprint, in this case by 60% to save costs with a permanent hybrid remote work policy, and this business isn't a tech company founded in the 21st century.

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