Publications

- January 1, 2022: Vol. 14, Number 1

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Rethinking the workplace: Real estate investors must reinvent office spaces for an evolving workforce

by Neil Synnott

COVID-19, along with rising environmental, social and governance (ESG) concerns, has spurred a revolution of the workplace as we know it. To encourage employees back into the office, office spaces must reinvent themselves.

The pandemic has had a monumental impact on where the workforce works, forcing offices to shut their doors and employees to work from home throughout the duration of lockdowns. Although the level of COVID-19 cases varies around the world — and now there is concern about the Omicron variant — we are shifting to a new model that sees the workforce splitting time between working from home and working from the office. This shift towards a hybrid model of working means employees expect different experiences from their offices. It’s no longer only somewhere to work, but somewhere to spend time. For health and safety reasons, among others, employers can no longer pile workers on top of each other and expect good work to get done. With this in mind, plenty of

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