Remove Collaborate Remove Cost Remove Examples Remove Expenses
article thumbnail

Amazon’s Office Downsizing Plan Threatens Already Struggling Commercial Real Estate Markets

Allwork

For example, in Pittsburgh, nearly 50% of the office spaces downtown could be sitting empty by 2028 unless some urgent intervention is taken. This approach, reportedly known as “hibernation,” involves suspending the use of entire floors or buildings to reduce costs related to HVAC and lighting.

2024 258
article thumbnail

Future-proofing Workspaces: Top Tactics To Align CRE Choices With Business Needs

Allwork

Real estate decisions must align with broader organizational objectives, considering factors like cost reduction, spatial needs, and talent attraction, necessitating a comprehensive evaluation of the total occupancy costs and flexible lease terms. It’s more about collaborative spaces. Another big shift is in office size.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How Will Global Warming And Rising Sea Levels Impact Your Business?

Allwork

Consequences of rising sea levels The consequences of unchecked global warming and the continued trajectory of the rise of global sea levels will be vast, expensive, and disorienting for millions. Businesses relying on a city’s infrastructure will face disruptions in supply chains, increased maintenance costs, and potential business closures.

Expenses 293
article thumbnail

The Return To Office Trade-Off

Allwork

Employees and employers are weighing the costs of commuting against the benefits of in-person work, with many finding that the expenses and time associated with commuting need to be balanced by other compensations. Beyond the one-to-one comparison to the financial cost of commuting, food brings people together.

article thumbnail

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. Companies offering remote work options can also save on cost-of-living expenses by hiring talent in more affordable regions, both domestically and internationally.

article thumbnail

Will Office Dynamics Shift In 2024?

Allwork

of survey respondents citing travel expenses and time as their major concerns. The concerning challenges for the commercial real estate industry leads a lot of people in the workforce to question what collaboration will look like in the future , and more specifically, how offices will be utilized in 2024.

2024 246
article thumbnail

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. Does this bring with it an opportunity to save costs? After all, commercial real estate is, on average, the second-highest expense for most businesses, only surpassed by payroll.

Policies 291