December 2022: Are Thursdays the New Monday for Work from Home?
Employers are not only battling inflation and slowing growth, but worker productivity that is falling at the fastest rate in four decades. This has been the first year since 1983 to include three straight quarters of year-over-year drops in average productivity per worker, ADP chief economist Nela Richardson said during CNBC’s recent Workforce Executive Council Town Hall.
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October 2022: Will Office Occupancy Get To 60%?
Kastle’s 10-city occupancy average, based on its survey of entry card swipes, stalled at 43% in March—a level it hovered around for the next six months—and then registered a modest bump to around 47% in the weeks since Labor Day.
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September 2022: Return to Office & the Impact of Inflation on CRE
CoreNet Global shared some survey data on the impact inflation is having on CRE real estate portfolios and footprints. We are seeing trends of shorter lease terms and more caution with longer commitments which makes sense in a time of potential instability in the markets.
Here are a few key stats:
More than half, 54 percent, are consolidating locations and 42 percent are reducing the size of leases they are signing
34 percent say that annual escalations are 100 basis points higher than normal
44 percent say that compared to prior to the pandemic their overall corporate real estate footprint has decreased; 21 percent say that it has increased, and 34 percent say that it has stayed the same. Between now and 2025, 39 percent expect an increase in the size of their corporate real estate portfolio, 42 percent expect a decrease, and 19 percent say that it will stay the same.
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August 2022 Newsletter: The Latest Data on the Future of Work
This month's newsletter will include two recent surveys on return to work and cleaning, NYC CRE market trends, hybrid work's impact on real estate portfolios and the return to office plans for Apple, Peloton, Bank of Canada and others.We hope this content is helpful as you navigate your return to …
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3 Data Points Facilities Leaders Need to Manage Hybrid Work.
Employees are asking for a flexible work experience new things and facilities teams must adapt to that sentiment, with new views around health, safety, and work-life balance. Hybrid workplaces not only mean flexibility for the employee but also more variability and complexity for facilities teams trying to provide a best-in-class physical workplace. How can we create the best and most efficient office environment to ensure satisfaction amongst occupants?
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Workplace Experience Newsletter June 2022: What is the Future of the Workplace?
This month's articles will look at the key data points from recent studies around the future of the office, hybrid work, and sustainable workplaces.
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3 Things Employers Need to Address to Improve Employee Experience and Drive New Ways of Working
It's no secret that there has been a major shift in work dynamics in the last two years directly influenced by the global pandemic. The power of when and where work gets done has shifted from the employer to the employee as workers have been able to have more control over where they live and operate independently from the office. Because of these changes, employees want flexibility and understanding from their employers as they begin to reevaluate their careers.
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The Evolving Workplace - Kelly Colón
Pivoting away from traditional office strategies towards more of a destination strategy focusing on the overall employee & human experience where collaboration, innovation and creativity can be enhanced will increase the fundamental interest for employees to return to the office.
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Transform Your Office Into the Heartbeat of the Company - Nellie Hayat
Leaders must transform their
offices into the heartbeat of the company and invite their distributed
workforce to gather, make meaningful connections, create rituals and
celebrate milestones. That means investing in redesigning the office for
a purpose-driven community and creating a connected network of
“community spaces” for employees to know what’s happening, when and
where, so that they’re inspired to visit often.
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Test and Optimize the Future of the Workplace - James Scott
Every workplace is different, with specific needs, complexities, and culture, and each department operates in its own way. There is no one-size-fits-all solution. The next year will encompass a state of flux as tenants experiment with innovative ideas and new technologies.
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