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

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According to a report published by The Washington Times , the drastic decrease in physical office presence has had significant economic repercussions for the city, leading to reduced weekday economic activity. will face an $800 million budgetary deficit for the fiscal year 2025. It’s projected that D.C. The post D.C.

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Canada Commits $1.1 Billion to Repurpose Vacant Federal Properties

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billion investment over the next decade to convert vacant federal government office space into residential units. 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. Washington D.C.

2025 289
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Pittsburgh Office Market Shows Signs of Recovery Four Years After COVID-19

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Despite urgent signs a month ago, the Pittsburgh office market is reported to be showing healthier in the first quarter of 2024. More specifically, in March a report published by the Pittsburgh Post Gazette , revealed that nearly 50% of the office spaces downtown could be sitting empty by 2028. It’s projected that D.C.

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Tech Talent Shortage Threatens U.S. Innovation Despite Record R&D Spending

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Science and Engineering 2024 report. Science and Engineering 2024 report reveals that the STEM workforce comprised “36.8 The report shows that STEM occupations account for nearly a quarter, or 24%, of the U.S. million people in diverse occupations that require STEM knowledge and expertise in 2021.”

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

Workplace Insight

That is the main finding of a new report which explores the current state of retrofit for commercial property in the UK. The report suggests that over half (55 percent) of businesses said company boards do not see retrofitting as part of their net zero strategy.

2025 52
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The Secret Tool Every Workplace Needs to Thrive in 2024

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According to a Forrester report, about 40% of employees and managers are unsatisfied with on-the-job training. According to Statista, 59 hours are spent on training and an average of 16% of their budgets, so the gap is costly. And according to McKinsey, only 40% of training is aligned with business goals.

2024 246
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8 Reasons Why Sponsored Content Is Worth The Investment For Your Brand

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A Nielsen report found that branded content resulted in 86% brand recall. Traditional forms of advertising are still prevalent, yet consumers are becoming increasingly weary of disruptive ads. A single native advert could never offer the same level of depth.