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Flex Space Is On The Rise

Last year, the flexible workspace industry saw activity come to a halt. The close-knit community that these spaces once prided themselves in became one of the most high-risk environments during the pandemic. However, as we enter a post-pandemic society and workers are not eager to return to the office, these flexible spaces could make a huge comeback. “This is more meaningful than a shifting of deckchairs,” said Ben Munn, managing...

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Workers Do Not Want To Return To The Office Full-time

The biggest takeaway of the past year is that many professionals can work from virtually anywhere. Whether it’s your home, a coffee shop or a flexible workspace, traveling to your company’s office tower in the city isn’t necessary for all.  This has led many organizations to cut down on their real estate footprint and accommodate more flexible working arrangements for the future. A survey from Accenture ACN found that 79% of...

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AI’s Impact On Commercial Real Estate

AI and automation is forcing big changes in white-collar industries as these roles become more reliant on modern technology to operate. AI is expected to impact how we use offices, how commercial real estate leaders build out their spaces, and how employees interact with the workspace overall. “What we’ve seen over the last year is the office is being redefined, and employers are stepping back and trying to understand the purpose...

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Employees Are At Their Breaking Point

Achievers’ fourth annual Employee Engagement and Retention Report has found that 52% of employees are looking for a new job this year, a 43% increase from 2020 and 2019. The survey of 2,000 employed adults across North America found that the pandemic has pushed many employees to their breaking point at their current organization. But what exactly are workers looking for and what do employers need to do in order to boost their...

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Why We Need A Hybrid Workforce

Working in sweatpants and eliminating daily commutes once seemed like a dream, until the creeping reality of isolation set in. After a year of little to no face-to-face interactions with our colleagues, the idea of coming into the office doesn’t seem so bad now. However, workers aren’t ready to give up the perks of working from home just yet. Lack of daily commutes has decreased work-related stress levels, as well as expenses for...

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The Flex Market Is Making Its Comeback

Around a year after the pandemic cut leasing volume by 92%, flexible workspaces are preparing to rebound. According to a new report from JLL, the industry saw a steady rise in growth between 2014 and 2019. However, the characteristics that these spaces were once loved for became their Achilles’ heel during the pandemic. Still, there are indications that the sector is emerging from the hole that was 2020. For instance, WeWork recently...

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What Tenants Want From Coworking Spaces In The Future

Coworking companies have gone from being a darling of the commercial real estate world, to an industry investors willingly avoided. Now, the industry’s most notable companies are making big changes to their infrastructure in order to position themselves as a reliable business model once again. For instance, WeWork has walked away from low-performing spaces, while Knotel has filed for Chapter 11 bankruptcy and is on the cusp of being...

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AI Can Enhance The Future Of Work Operations

Artificial intelligence was propelled into the mainstream in 2020 as companies were forced to adopt new strategies and technology to stay afloat. Now, 2021 will be the year for AI to become a staple in how companies drive engagement, grow customer support and enhance employee experiences. In fact, according to the International Data Corp, global spending for AI will double over the next four years from $50 billion in 2020 to $110...

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What The New Future Of Work Holds

Two new reports from JLL have navigated what the new future of work could look like as the pandemic seemingly subsides and companies consider their next move. The “Shaping the Future of Work for a Better World” and “Shaping Human Experience” reports reveal that a company’s willingness to adapt to new work conditions will give them a competitive edge in the future. According to JLL’s human experience report, 70% of 2,000...