Corporate Real Estate

As the world progresses, so does the way we conduct business. Real estate is no different. In the past, companies would purchase or lease a space and that would be their office for years to come. However, now we are seeing a trend of large corporations selling their buildings and moving to a more mobile workforce. There are many advantages to this type of real estate strategy, as well as some challenges that must be considered.

The advantages of a mobile workforce are numerous. First, it allows for companies to be more nimble and agile. They can respond quickly to changes in the market or their industry. They are not tied down by a physical space that they may no longer need or want. Second, it can save the company money. They no longer have to maintain a building or pay for utilities and janitorial services. Third, it gives employees the freedom to work from anywhere. This can lead to increased productivity and creativity as they are not confined to a traditional office space. Finally, it can help with recruiting and retention as more and more people value work-life balance and flexibility.

There are also some challenges that come with this type of real estate strategy. First, it can be difficult to find appropriate spaces for employees to work from. Second, there may be increased costs associated with providing the necessary equipment and furniture for a mobile workforce. Third, you may need to invest in technology to enable employees to work remotely. Fourth, you will need to provide training for employees on how to use this new technology and how to be productive while working from home. Finally, you will need to have systems in place to manage employee work hours and vacation time so that everyone is on the same page.

Despite the challenges, there are many advantages to moving to a more mobile workforce. If you are considering this type of real estate strategy for your company, there are a few steps you can take to make sure it is successful:

1. Define your needs: What type of space do you need? How many employees will be working from home? What type of equipment will they need?

2. Research your options: There are many different types of coworking spaces and remote working arrangements available. Make sure you find one that meets your needs and budget.

3. Create a plan: Once you have found the perfect space, create a plan for how you will use it. This should include details on who will use it, when they can use it, and what type of work will be done there.

4. Train your employees: Employees will need training on how to use the new space and how to be productive while working from home. Make sure you have a plan in place for this so that everyone is on the same page.

5. Monitor progress: Check in with employees regularly to see how they are adjusting to the new arrangement and if there are any problems that need to be addressed