Practical Facilities Tips, News & Advice.
Of the 776 million square meters of existing office space across 66 markets globally, about half of that space, or 322-425 million square meters, is likely to require substantial investment to remain viable in the near term—an investment of approximately $933 billion-$1.2 trillion in spending. That’s according to JLL’s latest research, “Opportunity Through Obsolescence.” The […]
Remember the days when many team members were in the office? Well, they’re back, and it may come as no surprise they’re not always excited about returning to their old/new workplaces. Almost every day, there’s another headline covering a CEO calling employees back to the office. Even the U.S. Department of Labor ordered its remote […]
Offices are increasingly vacant. According to Moody’s Q2 2024 CRE trend report, office vacancy rates have exceeded 20% this year as businesses reduce their space or leave the office entirely, driven by the continued demand for hybrid work. In response, building owners and facility leaders are under increased pressure to offer enhanced amenities, to help […]
Return-to-office (RTO) mandates have become a hot topic, with major corporations like Amazon Web Services (AWS) and Dell insisting employees work on-site. However, Amazon’s hardline policy on returning to the office or else is being met with resistance, and other companies are considering their options. In a recent Q&A released by the University of Tennessee, Knoxville’s Haslam College of Business, Tim […]
As businesses continue to embrace digital technologies, the modern office faces heightened security challenges. The COVID-19 pandemic accelerated remote work, but now many companies are reversing this trend, requiring employees to return to the office either full-time or part-time. In this changing environment, facilities managers must adjust to hybrid work attendance patterns, making access control […]
In today’s hybrid work landscape, organizations are striving to strike the perfect balance between boosting operational efficiency and fostering robust employee collaboration. Leaders are actively seeking ways to seamlessly integrate their diverse software tools and processes. While they embark on integration initiatives, they are working to optimize building and facility costs with advanced data strategies […]
North American tech companies, once the vanguard of workplace innovation, are still catching up to new work patterns. With average peak utilization not exceeding 34% in tech offices, up to $40 million in rent costs are wasted annually on underused space. That’s according to a new report from international design practice Hassell and workplace analytics company Density. The State […]
The pandemic forced us to focus on the health and well-being of our bodies. Now as we look ahead to the future of work, the same focus should also be placed on our environments. While it is an individual pursuit, wellness is significantly influenced by our physical, social, and cultural environments. The Global Wellness Institute […]
Four years following the pandemic, a new survey from JLL finds that hybrid working is now the most common workstyle globally, with 87% of organizations operating with a hybrid program today. Hybrid work has proven to have a lasting impact and is “here to stay,” according to JLL’s new 2024 Global Occupancy Planning Benchmarking Report. The […]
“Everything, Everywhere, All at Once” is an award-winning movie that won several major industry awards last year. In today’s landscape, this movie title fittingly describes the widespread influence of artificial intelligence (AI) across numerous industries and job functions. AI is seemingly everywhere now, with one IEEE global report ranking it as the most critical global […]