In 2009, IBM reported that 40% of its 386,000 employees in 173 countries were working remotely. That policy allowed IBM to sell off its office buildings at a gain of almost $2 billion. Hailed as a savvy business strategy, the trend of telecommuting was soon in full swing. Impressive, right? Why then, in March of…
Leaders of businesses will return to a more discerning workforce that will expect continuous assurances that they are working in a safe environment. This will include posted displays of updated safety, health and wellness information and resources for employees, visitors, and occupants throughout the building, both inside and outside the workplace. Establish a multi-disciplined Team:…
The coronavirus has turned everything upside down. However, our clients are beginning to wonder how they can best bring people back into the office when the crisis subsides. This will be a transition rather than an “all in” move. We know from several recent studies that a well-designed workplace is still overwhelmingly the place that…
Wage rate and job growth analytics for top markets in US.
Leading real estate professionals, site selection consultants, and C-suite executives have begun to focus not just on pure cost, but more on the performance of real estate as a strategic asset. Together, we are looking increasingly at real estate’s contribution to overall company results and realizing return on investment (ROI). Yes, return on investment. Now…
Office space occupants are getting more and more efficient, which is good for the corporation’s bottom line, but a big challenge for the company’s CRE team and landlord’s alike. The average parking ratio across all classes of offices buildings, nationwide is 3.12 cars per 1,000 rentable square feet of space. Today’s most efficient space users…
Competition for Tech Labor remains fierce. A recent Tech Talent research report ranking 50 U.S. and Canadian markets according to their ability to attract and grow tech talent provided a few surprises amongst the perennial favorites. The Tech Talent Scorecard rankings are determined based on 13 metrics including: tech talent supply, growth, concentration and cost,…
The old adage of “it’s always cheaper (and easier) to renew” doesn’t hold true today. A lot depends on your updated space utilization metrics, goals for that particular facility, design criteria and labor analytics. A few interesting points to consider when working through this decision: There is an efficiency delta of ±15% when re-configuring existing…
On November 11, 2015, the Financial Accounting Standards Board (FASB) decided upon the effective date for the long awaited and much debated new lease accounting standard requiring companies to recognize leases on their balance sheets. The effective date for public companies will be in fiscal years (including interim periods within those years) beginning after December…
How does your company’s real estate support and enhance corporate goals and objectives? I.E. – if a corporate goal is to be a low-cost producer, does the real estate footprint support that objective? If retaining and attracting talent is critical, how do locational decisions, workplace decisions, and facilities decisions advance that goal? Many C-suite executives…