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Learn How KBS is Creating Safe Work Environments
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News & Insights

3 Reasons It’s Important to Consider Safely Returning to the Workplace

  • December 31, 2020
News & Insights

3 Reasons It’s Important to Consider Safely Returning to the Workplace

  • December 31, 2020
Here is a statistic that is hard to believe: Remote working accounted for only 3.4% of the total U.S. workforce population prior to COVID-19, according to Gallup. In fact, many companies, including tech companies such as Yahoo!, famously banned working from home prior to the pandemic because the company craved “increased productivity and a more connected company culture.”

Here is a statistic that is hard to believe: Remote working accounted for only 3.4% of the total U.S. workforce population prior to COVID-19, according to Gallup. In fact, many companies, including tech companies such as Yahoo!, famously banned working from home prior to the pandemic because the company craved “increased productivity and a more connected company culture.”

 

Fast forward to 2020, when the current sentiment is flipped inside out. Tech companies are now grabbing headlines by stating employees can work from home for an extended period of time, with some even pondering allowing employees to work from home forever.

 

Is a permanent shift to working from home the next craze every company should get behind? Not so fast.

 

There is no doubt that working from home has its benefits, and employees with preexisting conditions or those that are uncomfortable going back into the workplace should continue working from home until the COVID-19 pandemic subsides. However, quietly behind the scenes, major companies are doubling down for what the true future of the workspace looks like. Amazon is creating 600 new technology jobs in Dallas and will lease an additional 100,000 square feet of space as part of the company’s national tech hub expansion. More broadly, Facebook closed on a long-awaited deal for 730,000 square feet in the heart of New York City. Facebook also chose to not terminate a lease in Chicago for 100,000 square feet in a building where the social media giant already had a 200,000-square-foot footprint across the street – a building that the company has not even fully occupied yet. These are indications the workspace isn’t going away – if anything, it’s expanding.

 

The bottom line is this: As companies consider long-term real estate solutions and safely reopening offices, they face many unknowns. Here are three things to consider that are known about the physical workplace:

 

  • Culture: True culture is built by authentic interaction of employees in a location, promoting company loyalty.
  • Collaboration: Working in tandem with colleagues leads to synergy and increased production.
  • Communication: The organic nature of in-person communication (water cooler conversations, hallway “meetings,” and quick pop-ins) contributes to innovation and, in turn, business wins.

 

Transwestern has assembled a team of experts to support the return to its offices and our clients’ assets during these extraordinary times. We’ve also created a customizable workbook to prepare office buildings for increased occupancy following the widespread closure of businesses during the COVID-19 pandemic.

 

Working from home has proven to have valuable benefits and can serve as an extension to a company’s real estate strategy. Millennial employees have demanded flexibility in hours and mobility in work location. As a result of COVID-19, corporate America will have to embrace a work-from-home component in its real estate strategy. This may look like a hybrid workspace, one or two days remote, or a combination of different factors. Nonetheless, getting the workforce back into the office, safely and with appropriate measures in place to protect employees, is the answer.

 

This article was written by Bill Gannon and originally published on Transwestern’s Translations Blog. To view the original post click here.

Learn more about the post-Coronavirus office space.

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Industry Trends

Underwriting the Perceived Instability of Short-Term Office Leases

  • February 16, 2021
The threat of shorter office lease terms has been looming over the commercial real estate industry for several years. Companies first braced for the potential impact of new standards from the International Accounting Standards Board (IASB) recognizing all leases on the balance sheet, which took effect in January 2019. Then, the office leasing world was hit with additional challenges from COVID-19 as many companies opted to work from home and re-evaluated the role of their physical office space.
Industry Trends Insights

Envisioning the Future of the Built Environment

  • January 29, 2021
Amidst the ongoing crisis, built environments are at the front lines of change and will play a huge role in creating a more resilient world going forward. Office architects are re-envisioning the future of the workplace—where and how we work. Unfortunately, there is no crystal ball to predict exactly what the new future-oriented office will look like, but what we do know is flexibility and adaptability will be key in resilient design.
Industry Trends

Why Texas is becoming a commercial real estate powerhouse

  • January 21, 2021
It looks like 2021 will be another big year for Texas, a year when a lot of major companies will make the jump and move to the Lone Star state. Just look at these transitions:
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