The pandemic has accelerated what the technology workforce was looking for, remote work or hybrid work where people can work from anywhere. Many companies had already adopted remote work but we see that a lot of organizations’ cultural and technological barriers are reset now.

A lot of people working from their own locations means that there are significant changes in the entire supply chain that involves the in-office work. This includes the transportation which means fuel and parking, civic design, restaurant and food, retail, facility’s maintenance, security, and so on.

An analysis commissioned by IWG brand Regus and conducted by independent economists concluded that flexible working could contribute $10.04 trillion to the global economy by 2030, thanks to cost savings for businesses and increased productivity.

IWG (source)

Impact on commercial real estate for office space

The commercial real estate is already planning the business complex and office space, differently. The landlord-tenant relationship is changing because the hybrid model brings a different set of working conditions. So the terms and conditions of the lease contract are changing.

Hybrid work is changing the office space design and leasing strategy, as posted by Tick Property.

In addition to the lease, the office design standards are also changing. The occupants are looking for some wellness areas, and the tenants want to know if the facilities comply with the sustainability standards in building design.

“As they adapt to the “new normal” of office work, some real estate owners are transforming their portfolios to meet the needs of today’s hybrid workforce—and capitalize on the growing corporate appetite for flexspace.” says this Bloomberg report that is sponsored by IXG.

There are many new commercial office space projects coming up in Mohali Aerocity, and on the Mohali Airport Road. The entire real estate design approach is changing from the leasing strategy, project design plans, designing the internal facilities, and to retain the tenants. All of them have a chance to improve their real estate portfolio if they adapt fast, and smart.

Comments to: Adding value to real estate office space portfolios for hybrid work—A Bloomberg story

Your email address will not be published. Required fields are marked *

Attach images - Only PNG, JPG, JPEG and GIF are supported.

Contact 9814210011, 9855063463, [email protected]

Join us today!

Join us for real estate industry updates, news, new projects, trends, reports, and new property updates.

Contributing authors

Inviting contributor author for Tick Property: If you want to write for Tick Property, please write to us at [email protected] with the details—your name, email ID, and your current organization (or business name if self-employed).

The Tick Property Newspaper

We publish a daily newspaper for a quick reference to real estate news, insights, and reports: See the Tick Property Newspaper

Good Reads

Zirakpur’s expansion for its commercial and real estate projects towards Mohali on the airport road, towards Ambala, and on the PR7 road that connects it to Panchkula has caught the attention of real estate developers to find new hotspots for their commercial real estate projects. Looking at the series of upcoming commercial projects on the […]
The Mohali and Zirakpur region in the periphery of Chandigarh is one of North India’s fastest growing markets for businesses, commercial investments, and for residential and commercial real estate. The growth of commercial property means that the region has generated new segments for jobs, career path, for trading, for small businesses partnership, and work for […]

Worlwide

There are no matching posts for this section.

Trending

This post is taken from Forbes India (source). In the commercial property trends in India in the recent years, the new-generation technology parks have emerged particularly in high-potential and high-rewarding cities including in Bengaluru, Hyderabad, Mumbai, Delhi and Pune. Chandigarh and Kolkata are now attracting investments too. This, according to Nasscom, has been due to […]