Hybrid No Longer the Norm for Fortune 100 Workforce

Hybrid work is no longer the default for most Fortune 100 employees, with full-time office mandates now impacting a majority of desk-based staff.

July 21, 2025

Nina Dale

A majority (54%) of Fortune 100 employees are now required to work full-time in the office, a sharp increase from just 5% two years ago.
Hybrid work arrangements are down to 41%, from a peak of 78% in 2022, according to a new report from JLL.
The shift is impacting commercial real estate: trophy office buildings are achieving record-high rents while older buildings are being demolished or repurposed.

Key Takeaways

The Office Comeback

More than five years after the pandemic upended corporate work life, in-person work has made a definitive return, reports Bloomberg. According to Jones Lang LaSalle’s latest report, 54% of Fortune 100 employees now work under full-time in-office attendance policies—up from just 5% in 2022. The data reflects the number of employees affected, not the number of companies, to better represent office demand trends. Only 41% of these top US companies still offer hybrid work, down from 78% two years ago.

CRE Implications

The push back to the office is having ripple effects across the commercial real estate market. In Q2 2025, office attendance rose by 1.3% year-over-year. JLL reports that new trophy assets in key markets — including Miami, New York City, and San Francisco — are commanding record prices. Asking rents for newly built properties reached an all-time high of $92.38 PSF.

Line chart showing the Fed Funds Rate and 10-Year US Treasury yields from 1990 to 2025. Both spiked post-2022, with the Fed rate peaking at 4.5%

Bar and line chart showing US net office absorption and overall vacancy from 2016 to 2025. Vacancy hit 22.5% while net absorption remained negative in 2025.

Meanwhile, the national office vacancy rate remains stubbornly high at over 22%. In response, developers are accelerating conversions and demolitions of underperforming buildings. JLL notes a net reduction of 700K SF of office inventory last quarter — the result of more buildings being taken offline than added.

Line chart showing average asking rents for U.S. office space from 2016 to 2025. Class A rents peaked at $44.79, overall average at $39.60.

Big Players, Big Shifts

Among the ten largest companies in the Fortune 100, seven now require at least four days per week of in-person work. The remaining three have implemented full-time return mandates. The average in-office requirement across all Fortune 100 firms has climbed to 3.9 days per week, up from 2.6 days in Q2 2023.

Notable examples:

Amazon prepared its staff in 2024 for a full return by January 2025.
JPMorgan Chase eliminated hybrid work in early 2025.
Starbucks announced a four-day office minimum starting in September, with remote managers required to relocate or accept a buyout.

Why It Matters

This broad reversal marks the end of hybrid work as the dominant corporate structure — at least among the nation’s largest employers. As executives assert control over office attendance, they’re also justifying premium office leases, especially in new developments designed to attract high-value tenants.

What’s Next

Expect continued divergence in office demand. While top-tier buildings see record rents, older inventory will face increasing obsolescence. The transformation of unused office space into residential or mixed-use assets may accelerate — especially as companies double down on long-term office strategies and reshape urban work ecosystems.

Note: JLL tracks corporate attendance policies across Fortune 100 employers but does not monitor compliance or actual attendance rates. The figures represent stated policies affecting desk-based employees.