![]() As such you may be targeting new markets which means that you want to relocate your office to a more suitable location.” COVID may have meant that your organization needed to pivot, changing its services or products. U-Collective, a Denver based commercial real estate company, provides helpful advice on this subject as part of post entitled, “Corporate Real Estate Strategies to Consider in 2021.”Īccording to U-Collective, “You may need to upsize to allow space for social distancing to either comply with local regulations in your area or to make your employees feel comfortable and safe in the workplace. Matt Giffune, Co-Founder of Occupier, a lease tenant solutions provider, authored an informative post entitled, “The Ultimate Guide to Corporate Real Estate Strategy.” Highlighting how the changes in work modality impact real estate strategy, according to Giffune, “Companies might need less square footage than they did before many people will continue working remotely after the pandemic the idea of shared workspaces will never be the same again. But that doesn’t make workplace strategy any less relevant to a company’s success.” When is a New Strategy Necessary?Īs with virtually all other elements in the world of work, the pandemic has changed the indicators that you might need to consider a new real estate use strategy for your company. With that in mind, and considering some specific changes to workstyle such as a shift toward hybrid work, understanding the changing landscape of the corporate real estate world has become more important than ever. COVID ImpactĪs we discussed in the opening, much like every other element in the world of work, the world of corporate real estate saw some substantial changes as a result of the COVID-19 pandemic. ![]() We’ve done the research and will break down for you advice from the experts, coupled with the top investment strategies that you will want to make sure you are aware of before implementing any changes. With that said, after all the changes businesses have undergone across the globe in the last two years, you are not alone if you are looking for a real estate portfolio management strategy that meets the needs of the post-pandemic world of work. The changes within the corporate real estate world have led to many different strategies that you can consider for managing your portfolio. Since many industries and companies have shifted to a hybrid modality where employees split time between home and the office and are unlikely to return to the pre-pandemic schedule of full-time in-person work, the demands and requirements of what is needed in the office have changed. As a result of this sudden shift to remote work – which lasted more than a year for many companies and in some cases there are companies still operating remotely nearly two years later – there has been a reimagining of space utilization. The COVID-19 pandemic has upended all facets of the world of work, though perhaps none more so than the dramatic change to remote work for a majority of industries in March 2020. ![]()
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