Did you know that 99 percent of large companies are no longer working as 100 percent virtual? Since folks are working in the office, what are business owners focused on when it comes to looking at office space in 2024? The answers may surprise you.
First off, companies with full-time employees are seeing a number of benefits:
Increased Profits: Companies with full-time staff are experiencing and measuring greater profits. You can’t argue with that.
Corporate Culture: Employees working together in an office environment are experiencing lower turnover rates and greater corporate loyalty.
These trends are so pronounced that the traditional number crunching CFO has been largely replaced in the process by the CEO who is now involved in office space decisions from the projects beginning. Rather than looking at office space solely in terms of cost per employee or as merely an operating expense, the new approach by the CEO is one where the inherent value of the office is getting new appreciation.
While office amenities are still seen as an important component for attracting employees, the more important one is the increased cultural benefits that employees receive from interpersonal relationships while sharing the mission.
While hybrid work schedules are still common for many companies, those like Chase led by CEO Jamie Dimon are stressing their employees need to be full-time five days a week in the office.
We tenant advisors find when dealing with companies in today’s more challenging business environment that the old one-size-fits-all cookie cutter approach of many full service real estate brokers is no longer sufficient. As tenant advisors we take a more customized approach to understanding the unique needs and values of our clients before recommending any real-world alternatives.
If you would like a confidential appointment to evaluate your leasing alternatives, why not give us a call to find out why, at Dickstein Real Estate Services, OUR DIFFERENCE IS YOUR ADVANTAGE®.
Regards,
Lawrence Dickstein
Categorised in: Office Space