article thumbnail

Canada Commits $1.1 Billion to Repurpose Vacant Federal Properties

Allwork

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. Like many major hubs across the U.S., Washington D.C.

2025 289
article thumbnail

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

Allwork

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.

2024 212
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Europe not on track to deliver carbon neutral built environment by 2050

Workplace Insight

Launched on 24 May 2022 at a conference attended by EU policymakers and business leaders, the EU Roadmap sets out a plan for how Europe’s built environment can support the EU to become the first carbon neutral continent. GBCs will work with their members and wider industry to produce progress reports on industry and political action.

article thumbnail

Is Home Coworking a Passing Trend or the Future Workplace?

Allwork

Home coworking is the practice of sharing a workspace with other professionals, often from different companies or industries, within a home setting. This arrangement allows individuals to enjoy the benefits of a professional office environment while still maintaining the comfort and convenience of working from home. Furthermore, 12.7%

2025 246
article thumbnail

Workplace Stress Is Crushing Young Employees

Allwork

Gen-Z appears to be the most stressed cohort of workers; a recent BBC report revealed that a staggering 91% of 18-24-year-olds are stressed (compared to 84% of employees overall). By 2025, Gen-Z will comprise 27% of the workforce across OECD nations. Supporting this generation in the workplace must be a top priority for employers.

Stress 246
article thumbnail

Flexible Work and Investment in ESG are Driving Profitability for this Global Brand

Allwork

to provide financial business reports integrated with environmental, social, and governance performance measures (ESG). The company views this method of reporting as part of its commitment to its employees, stakeholders, and the global market. According to the report, the company achieved net sales of $7.1 billion in 2022.

2022 299
article thumbnail

U.S. Commercial Offices Facing Major Fallout

Allwork

Amid mounting economic challenges and demand for flexible work environments, the U.S. trillion of commercial real estate debt, which is due by the end of 2025, according to Morgan Stanley. office real estate market might only be at the start of a major downswing. The anticipation of a further downward slope spells trouble for the $1.5

2025 147