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D.C. Faces $800M Budget Shortfall As Remote Work Leaves Government Buildings Vacant

Allwork

will face an $800 million budgetary deficit for the fiscal year 2025. Faces $800M Budget Shortfall As Remote Work Leaves Government Buildings Vacant appeared first on Allwork.Space. It’s projected that D.C. The post D.C.

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Canada Commits $1.1 Billion to Repurpose Vacant Federal Properties

Allwork

will face an $800 million budgetary deficit for the fiscal year 2025. Canada’s $1.1 According to a report published by CBC , the initiative could repurpose 65 million square feet of surplus federal real estate — with a focus on the National Capital Region. Like many major hubs across the U.S., Washington D.C.

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Pittsburgh Office Market Shows Signs of Recovery Four Years After COVID-19

Allwork

Prior to this slight recovery, the Pittsburgh office market faced significant challenges, including high vacancy rates and a decline in demand, largely attributed to the increased adoption of remote working arrangements. Pittsburgh is one of many major economic hubs facing a potential budget shortfall due to commercial real estate vacancies.

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Republic of Korea to join Horizon Europe programme

Workplace Insight

Horizon Europe is the biggest EU research and innovation programme ever with a budget of €95.5 This will enable Korea’s participation in Horizon Europe as of 2025. Once signed, researchers and organisations in Korea will be able to receive funding under Pillar II of the Horizon from 2025 onwards. billion.

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Open competition launched to find design team for new museum of architecture and design in Helsinki

Workplace Insight

The total budget of the project is around €105 million, with construction costs of the museum not to exceed €70 million (price level Sept 2023). The entrants selected for Stage 2 of the competition will be notified in December 2024, with Stage 2 opening in February and running until the end of May 2025.

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Most firms don’t see retrofit as part of their net zero strategy

Workplace Insight

Of the organisations that prioritise getting non-domestic buildings to net zero, some 73 percent said they aim to do this by 2025 and 30 percent by 2023. Over half of the respondents said they will be operating with the same or lower budgets over the next three years compared to the previous three years.

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The Secret Tool Every Workplace Needs to Thrive in 2024

Allwork

According to Statista, 59 hours are spent on training and an average of 16% of their budgets, so the gap is costly. For companies looking for a strategy to manage the Gen Z workforce, (the demographic group born between 1996 to 2012, who will make up 27% of the workplace by 2025), an understanding of expectations is critical.

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