NewHavenBIZ

New Haven Biz-January 2022

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HARTFORDBUSINESS.COM | NEWHAVENBIZ.COM | ECONOMIC OUTLOOK SURVEY ECONOMIC OUTLOOK SURVEY How will your office space needs change in 2022? What do you expect housing prices to do in 2022? Will your company allow employees to work from home in 2022? Answer Choices Responses Office space footprint will shrink 22.62% Office space footprint will increase 11.15% We are abandoning office space completely and moving to remote work only 1.31% No change 64.92% Answer Choices Responses Decrease 25.00% Remain flat 37.66% Increase 37.34% Answer Choices Responses Yes, full time 15.48% Yes, part time/hybrid 54.84% No, not at all 29.68% What is your estimate for your company's revenue performance for 2022 compared to 2021? Answer Choices Responses Decrease more than 20% 2.29% Decrease 11 to 20% 1.63% Decrease 1 to 10% 10.13% No growth 13.73% Increase 1 to 10% 49.02% Increase 11 to 20% 15.69% Increase more than 20% 7.52% If you anticipate revenue growth, where will it come from? Answer Choices Responses New products 21.85% New customers 72.69% Better retention rate of current customers 27.31% Current customers buying more 41.60% Decrease 0% 0% 0% 20% 40% 60% 80% 20% 40% 60% 10% 20% 30% 40% Remain flat Increase Yes, full time No, not at all Current customers buying more New products New customers Better retention rate of current customers Yes, part time/hybrid Office space will shrink Office space will increase No change Decrease 11 to 20% Decrease 1 to 10% Increase 1 to 10% Increase 11 to 20% Increase more than 20% No growth Decrease more than 20% We are abandoning office space completely 0% 0% 10% 20% 30% 40% 50% 20% 40% 60.% 80% Responses Responses Responses Responses Responses

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