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Over 90% Of Companies Will Expand Or Decrease Their Office Space

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According to CBRE’s Spring 2022 Occupier Sentiment Survey, over 90% of companies that use offices have plans to expand or decrease their space in the post-pandemic era. . However, 52% stated that they would reduce their space over the next three years due to the embrace of remote working policies. . Source: Spring 2022 U.S.

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Remote Work Could Decrease Office Tenant Demand By 10% In New York

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Despite many companies making their return to the office over the last several months, vacancy rates across some of the world’s largest cities continue to climb as flexible policies take precedence. . But this could be treacherous for landlords. . with 10% being in New York. . with 10% being in New York. .

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Dine In While Ordering Out? Remote Work Is Rising In Unexpected Industries

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Companies are leveraging new technologies and ideas to break down geographical barriers — enabling employees to contribute from virtually anywhere. The remote work trend is even catching up to the restaurant industry. However, the transition to remote work also requires a reevaluation of work practices and policies.

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Navigating Change: Transformative Strategies For Landlords In The New Era Of Workspace

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Research shows that there is a clear upside to hybrid work for employers in terms of productivity and profitability — companies whose employees have the option to work in-office or remotely have demonstrated a 16-percentage-point advantage in revenue growth over the last three years. in August of 2023.

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How To Create Commute-Worthy Destinations

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Recognizing the importance of work-life balance, companies are adopting more flexible approaches to office attendance, allowing employees to better tailor their in-office hours to suit personal preferences and commitments. Making the Workplace Worth it We have reached a consensus.

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The Pandemic Has Impacted Downtown Areas Across the U.S.

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Additionally, businesses in these metro areas that rely on the influx of weekday office workers, such as restaurants and shops, have felt the economic impacts as well. Several large companies in San Francisco, New York, and other areas that have been impacted the hardest are now adopting hybrid work policies.

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The Future Of Commercial Real Estate In The 21st Century City

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Many companies across the country are reducing their office square footage, or looking for ways to restructure leases, as they contemplate the long-term impact. As a company leader, I see the logic and the appeal. Of course, safety was the first priority for these decisions, but that quickly morphed into other driving motives.