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

Allwork

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. . There’s no part of the world that is untouched by the growth of hybrid working,” said Richard Barkham, global chief economist at CBRE. .

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Layoffs Will Hurt Office Usage In 2023

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The office market is in flux once again as companies turn to layoffs, second-guess remote work policies and seek to right-size expenses on the eve of a recession. According to a new report from Commercial Edge, layoffs will hinder the number of office-using employees, particularly amongst the tech industry.

2023 230
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It’s time to review (or create) your document retention policy

BMT Office Administration

They create a document retention policy that clarifies what needs to be saved, where, and for how long. Sticking to a set record retention policy eliminates guesswork and promotes efficiency. Businesses and nonprofits of all sizes should possess a written-out document retention policy. Such action raises concern about cover-ups.

Policies 105
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Is Flexibility Going Away?

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The sunk cost fallacy can lead leaders to continue an unsuccessful hybrid workplace policy rather than getting needed advice and training to improve their approach. The company thus adopted a hybrid workplace policy allowing employees to work both remotely and in-office. CEOs intended to decrease remote work availability.

Policies 246
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Unveiling the Hidden Potentials of Remote Work Productivity

Allwork

Companies offering remote work options can also save on cost-of-living expenses by hiring talent in more affordable regions, both domestically and internationally. Forward-thinking business leaders should seriously contemplate integrating remote work policies into their organizations. By spring 2022, this figure rose to 9%.

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

Allwork

This trend has impacted the commercial real estate industry. 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. If remote work persists, workers may opt to live in less expensive areas, away from major downtown areas.

2019 182
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What Is The Impact Of Hybrid Working On Space Optimization?

Allwork

Real estate costs can be reduced by downsizing the amount of space needed and allowing for flexible desk booking policies. After all, commercial real estate is, on average, the second-highest expense for most businesses, only surpassed by payroll. Working policies. Part of the answer lies in your working policies. .

Policies 298