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APRIL 23, 2024

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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APRIL 11, 2024

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.

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APRIL 17, 2024

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.

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MARCH 13, 2024

According to a report published by The Associated Press , most AI systems are expected to fall into the low-risk category. However, it’s reported that high-risk AI tooling, which includes medical devices and AI systems linked to critical infrastructure (i.e.

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DECEMBER 13, 2023

It’s reported that some politicians fear the potential for exploitation of the proposal by for-profit programs — establishing skills-training credentials that may lack serious rigor or fail to offer genuine career advancement to those that invest time and money into the programs.

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OCTOBER 11, 2022

That’s according to JLL’s new report, ‘Technology and Innovation in the Hybrid Age’. . While some companies currently lag behind in terms of hybrid work connectedness, the report shows there is widespread ambition to adopt technologies designed for hybrid work. . Providing a great workplace is only half the solution.

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OCTOBER 11, 2022

Some reports suggest that office occupancy is rising sharply as people head back into the office. JLL’s Future of Work survey suggests that 53% of organizations are planning to make remote working permanently available to all employees by 2025. . But this is not a widespread trend – nor is it a straightforward one. .

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MAY 10, 2022

The report reveals that advertising will fall to 45% of total revenue once Musk owns the company, a 90% decrease from 2020. billion in 2025 and $9.4 Musk also anticipates Twitter’s workforce to grow from 7,500 to 11,072 by 2025. . billion by 2028, a $5 billion increase from last year. . billion in 2028. billion. .

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OCTOBER 31, 2023

On October 31, WeWork disclosed its decision to suspend the interest payment due on November 1 on senior notes maturing in 2025, despite having sufficient funds to meet the payment. Despite these setbacks, WeWork managed to go public in 2021 but at a significantly diminished valuation. The company now enters a 30-day grace period.

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FEBRUARY 8, 2024

In an ambitious move to shape the future of work in India, Microsoft CEO Satya Nadella has announced plans to train 2 million young Indians in artificial intelligence (AI) by 2025. This initiative, known as ADVANTA(I)GE INDIA, aims to create an inclusive and skilled workforce capable of leveraging AI across various sectors.

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FEBRUARY 13, 2023

Why it matters: Sasikumar Gendham, managing director at Salcomp Manufacturing India, told reporters in Chennai city in southern India during an industry event, “The whole supply chain is now kind of looking at an alternative. And India is poised to be one of the best alternatives.

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MAY 12, 2023

The new space is set to open in 2025 and will be located in a prime area between Paseo de la Castellana and Avenida del General Perón, opposite the Santiago Bernabeu Stadium. Nation World News reports that the Space Bernabeau project will accommodate 180 offices for more than 900 jobs.

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JUNE 26, 2023

The data reveals that around 56% of respondents want more than 10% of their office portfolio as flexible spaces by 2025, according to Business Outreach. Why it matters: There is a heightened desire within India’s workforce to strike a balance between business objectives and the needs of employees.

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NOVEMBER 21, 2023

The rates were revealed to be even higher for Gen Z workers and those with lower incomes, with 46% and 39% reporting no vacation time, respectively. The lack of vacation time is not necessarily a matter of personal choice. This is particularly important as the U.S. government faces recruitment challenges in hiring younger employees.

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MAY 5, 2023

This reportedly will be followed by 3% increases in 2024 and 2025, according to Reuters. What’s going on: Spain’s main trade unions and representatives of employers have finally reached a preliminary agreement to grant a 4% wage increase across the board in 2023.

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AUGUST 11, 2023

It’s reported that these legal groups are opposing diversity, equity, and inclusion (DEI) efforts of large employers like Texas A&M University, Target, and Kellogg’s. What’s going on: U.S. Although the U.S. corporations.

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JUNE 28, 2023

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.

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SEPTEMBER 12, 2022

According to the report, the rise in costs is impacting 62% of respondents within real estate decision-making positions, leaving 42% to dwindle their lease takeup and 41% to seek more cost-effective solutions. By 2025, 42% of respondents predict a further decrease. . economy is expected to slip into a recession by the end of 2022. .

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OCTOBER 25, 2023

The property is reported to undergo extensive renovations starting in early 2024 — with completion expected in 2025. The acquisition, sold at approximately £48 million — a 31% discount from the initial asking price — reflects a strategic move towards sustainable and flexible workspaces for the firm.

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OCTOBER 25, 2023

There’s been a recent surge in new businesses forming in Spain, and it’s a trend that’s causing flexible office spaces to strive in the country. According to a report published by CoStar , the European country’s economic landscape has profound implications for the future of work. In August alone, the number of new companies grew by 11.8%

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JUNE 20, 2022

Not only is the shortened work-week beneficial for employee wellness and company productivity, but according to a report published in May 2021 by the 4 Day Week campaign alongside the environmental and social justice collective Platform London, it found that shifting to a four-day week by 2025 could slash the U.K.‘s

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MAY 3, 2023

Almost a quarter of jobs are expected to switch in the next five years according to a new report from the World Economic Forum. The Future of Jobs Report 2023 suggests that tasks are seen as no more automated now than they were three years ago when the report was last published.

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SEPTEMBER 28, 2023

is projected to rise dramatically in the coming years, and by 2025 a staggering 50 million square feet is estimated to be sought by occupiers annually. According to the 2023 U.K. Instant reports that the U.K. The demand for flexible workspaces in the U.K. To meet these growing expectations, over half of U.K.

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JANUARY 18, 2024

According to WEF’s The Future of Jobs Report 2023 , 43% of work tasks could be automated by 2027 — highlighting the sheer urgency of investing in the workforce. The roadmap for 2024-2025 includes speeding up global reskilling efforts, leveraging AI-enhanced learning model s, and maintaining a geographic focus through country accelerators.

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OCTOBER 2, 2023

trillion of commercial real estate debt, which is due by the end of 2025, according to Morgan Stanley. This outlook suggests a challenging future for many struggling commercial real estate markets across the country, with a majority of these respondents anticipating that the lowest point for U.S. resist returning to traditional office spaces.

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SEPTEMBER 26, 2023

By the end of 2025, approximately 31% of the country’s 2 million full-time federal employees will be eligible for retirement, according to the Washington Post. Only 7% of full-time federal workers are reported to be below 30 years of age, a stark contrast in comparison to the 20% representation of this age group in the broader U.S.

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AUGUST 17, 2023

By 2025, it is projected that as many as 36.2 As of 2023, 27% of U.S. employees now work remotely, a fourfold increase from pre-pandemic times. Furthermore, 12.7% of full-time employees work from home, while 28.2% work a hybrid model. million Americans will be working remotely. Coworking spaces are also experiencing significant growth.

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MARCH 21, 2024

1] Worldwide, 76 million anxiety cases and 53 million depression cases underscore a significant mental health crisis, notably affecting Gen Z (projected to comprise 27% of the workforce by 2025). BBC News has reported on Limbic Access (a therapy chatbot) and its seal of approval from the government, whilst the U.S. In the U.K.,

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JANUARY 20, 2023

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.

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OCTOBER 26, 2023

By 2025, it’s projected that 32.6 In fact, Forbes found that 69% of remote workers report increased burnout from digital communication tools, highlighting the importance of setting boundaries. As of 2023, 12.7% of full-time employees have fully embraced this dream, working from home full-time, while a whopping 28.2%

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NOVEMBER 22, 2023

Statista reports the global artificial intelligence market is expected to reach a value of $208 billion USD in 2023 and $1.8 In fact, by 2025, AI should be responsible for creating nearly 100 million jobs (though they are sure to take a few along the way , other reports show). trillion USD by 2030.

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FEBRUARY 15, 2024

However, the latest reports indicate a slackening of demand for suburban centers as well, at least for conventional lettings if not for flexible space, so it may be just a delayed reaction. Goldman Sachs is reported to have shrunk its CRE loan portfolio by 10% in 2023, though this still leaves it with $26 billion. A number of U.S.

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SEPTEMBER 20, 2023

The survey indicates that by 2025, 49% of the skills present in today’s workforce might become obsolete. Thus, while the role of human CEOs might evolve, it’s unlikely to disappear. This AI-driven skills transformation isn’t limited to the C-suite executives.

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DECEMBER 26, 2023

In 2020, the World Economic Forum estimated that, by 2025, there could be nearly 100 million new roles related to AI. In fact, in a new Calendly report called the 2023 State of Scheduling , a survey revealed only 64% of workers at large companies have tried AI, yet 94% are curious about it. People want to understand AI.

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DECEMBER 1, 2022

Globally, the number of gig workers from 2018 to 2023 will have grown from 43 million to 78 million, according to a Mastercard report. By 2025, India will likely have 350 million gig jobs. Overall, growth in the near, mid-term, and long-term future looks remarkable. .

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AUGUST 18, 2022

Generation Z, the youngest working generation, is expected to make up 27% of the workforce by 2025. Born between 1997 and 2012, Generation Z currently makes up 30 percent of the world’s population and is expected to make up 27% of the workforce by 2025. The most recent generation to enter the workforce is Generation Z.

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MARCH 10, 2023

A look at the state of remote work However, the general consensus from a recent report by Buffer, “ State of Remote Work 2023 ,” shows that employees don’t necessarily want to be back in the office. The Buffer report highlights several areas where remote work misses this mark. It is a bit lonely,” she says of remote work.

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