How Short Work Weeks Could Impact The CRE Industry
Shorter work weeks have come to the forefront of workplace discussion in recent years, but the impact this concept could have on the commercial real estate world needs to be addressed.
As the pandemic has led companies to adjust their workplace arrangements to become more flexible, both hybrid working and four-day work weeks are an inevitable part of this future.
Because some workers will be spending less and less time in the office, CRE leaders will have to find new ways to attract tenants and incorporate flexibility into their offerings.
However, both hybrid working and shorter work weeks won’t all look the same. Demand for agility in the workplace varies among professionals, so providing users with catered experiences will be crucial here.
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For instance, one demand that renters will be seeking are more valuable workspaces. With CBRE reporting that rents will continue to drop until the end of 2022, landlords will need to focus on building value for renters in order to keep them in the building.
One way to do so is to invest into proptech tools that incorporate the latest real estate technology into a building. Doing so can help create a space that is safe, healthy, efficient, productive, and operates in a seamless fashion.
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