Daniel Shapiro Tenant Broker

Many have assumed that many companies in the post pandemic commercial office market will be pulling back on the amount of office space they use. In this article from the Harvard Business Review, authors Jose Maria Barrero, Nicholas Bloom, and Steven J. Davis discuss a survey of 5,000 American workers and 500 U.S. employers that show this is not necessarily the case. Highlights: Firms predict only a 1% reduction in office space after Covid Some social distancing may still remain in place Employees want to work from home on Mondays and Fridays Cresa offers several services to help you plan for your current or future commercial office requirements.   We offer consulting on hybrid workforce strategy, occupancy planning, space management solutions, workplace strategy and more.   Let’s talk if you think Cresa can help your company – www.tenant-broker.com .   Why Companies Aren’t Cutting Back on Office Space by  Jose Maria Barrero, Nicholas Bloom,  and...

We feature another article about the future of the company office.  Olivia Lueckemeyer from Bisnow.com discusses how the demand for flex space in the office is on the rise.  Some stats from the article:    There was historical negative net absorption, but flexible office space market has only contracted by under 9% in the year leading up to Q3 2021. Close to 20% of enterprise companies of more than 10,000 employees said flex space could eventually comprise more than 50% of their portfolio. 80% of large employers indicated a desire for shared meeting space and another 75% saying they want flexible open space within their buildings. Continued job growth paired with a need for space that aligns with hybrid work will spur more demand for this type of product in 2022. From this article, it seems that flex space will be an important planning factor for commercial office space in the future.   Our experts understand how influential the right work environment can be a...

Here is an excellent article by Jason Jones and Paul Springer with Cresa.  This article is published on www.siteselection.com from their workforce 2022 guide.  Some highlights: According to EY’s Future Workplace Index released October 25, 60% of companies have not formalized their hybrid work strategy yet. “Though hybrid work is here to stay, the C-suite isn’t creating the policies necessary for long-term hybrid workplace success,” says EY Global Real Estate Leader Mark Grinis. Stop asking, “How do we get people back to the office?” and “How do we prevent losing people?” While these are valid concerns, they put you on the defensive and distract from your efforts to build the culture, onboarding, mentoring and training programs necessary for a successful hybrid work model. Seize the moment and make your hybrid work model a competitive advantage. Your employees — and business — will thank you. To ensure a successful hybrid work model, you need to align every department in you...

The commercial real estate market continues to adapt to the pandemic environment.  This article by Lynn Pollack with Globest.com features information indicating that flex space in offices will boom in 2022.   She provides data from a team of Colliers analysts with their predictions.  The point is made “How occupiers interact with a building will be fundamental to real estate decision making.  Providing high-quality tenant experience is becoming essential, particularly for Grade A and trophy buildings. We expect more specialist operators to emerge into this space, together with hospitality operators stepping in and flexible workspace providers pivoting towards it.” If your company is looking for a commercial real estate strategy that includes the right amount of flex space, contact me.   Cresa experts understand how influential the right work environment can be and will work with you to develop a space that enhances productivity and innovation. Whether opt...