The spring of 2020 will go down in the history books as the first health pandemic to affect much of the world in over fifty years, resulting in a global economic shutdown. With the easing of restrictions across the world, companies have an incredible opportunity to reposition, rethink, reevaluate, reimagine, and redesign their real estate portfolios based on a new set of criteria and priorities. Rather than solving for the notion that employees need to consume commercial real estate to be productive, companies should now focus on utilizing real estate as a fundamental tool to support employee productivity.
What strategies companies choose to deploy will, presumably, vary greatly, but common themes have emerged that will continue to steer strategy discussions moving forward: agility and mobility via technology, enhanced tools and educational trainings to strengthen existing talent, tighter cost controls, risk management and greater flexibility, futureproofing, employee safety and wellness, and a greater focus on increasing employee engagement.
Please download to read the full whitepaper: Now is the time to shift to long-term RE planning