At the center of the return-to-office stalemate lies the “experience gap” - the difference between what today’s workforce wants and values vs. what traditional office buildings currently provide. As a hospitality company first and foremost, Convene has helped Class A landlords across the US and UK close this gap to drive tenant attraction, retention, and engagement. Our Head of Product James Frankis and Head of Real Estate Brian Holland discuss their top recommendations for the ever-evolving return-to-office strategies in this co-authored piece published by Coworking Insights. https://lnkd.in/eq2P9V7y
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"Alongside macro factors like commute times, there is an 'experience gap' between office provision and employee requisites. Offices need to be better productized, amenitized, and culturized, providing a key focus on 'customer' (employee) satisfaction and brand. Businesses that are striking the right balance of in-person attendance have downsized their office footprint and focused instead on using real estate budgets to create a smaller but more collaborative and more exciting office space to highlight their culture while creating a workplace destination: half the space, twice the experience."
At the center of the return-to-office stalemate lies the “experience gap” - the difference between what today’s workforce wants and values vs. what traditional office buildings currently provide. As a hospitality company first and foremost, Convene has helped Class A landlords across the US and UK close this gap to drive tenant attraction, retention, and engagement. Our Head of Product James Frankis and Head of Real Estate Brian Holland discuss their top recommendations for the ever-evolving return-to-office strategies in this co-authored piece published by Coworking Insights. https://lnkd.in/eq2P9V7y
Closing the Experience Gap: Bringing People Together - Coworking Insights
https://coworkinginsights.com
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In contrast to the 2021 survey, companies based in the Asia-Pacific region are displaying a greater inclination to increase the use of flexible or coworking spaces in order to adapt to evolving workplace requirements. Knight Frank (Y)OUR SPACE survey indicates that larger corporations are increasingly considering this option. Read more: https://lnkd.in/gGUzFb48 #knightfrank #knightfrankmalaysia #KnightFrankAPAC #YourPartnersinProperty #knightfrankspeaks #knightfrankinsights #knightfrankthoughts #knightfrankspeakinglah #knightfrankresearch #knightfrankmalaysiaturns21 #YOURSPACE #OfficeTrends #Redensification #BusinessShift #property #realestate #office #commercial #FlexibleWorkspace #HybridWork #CorporateTrends
Strategic third spaces considered by APAC occupiers
knightfrank.com
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What if I told you a major key to return-to-office success is already within reach? As we navigate post-pandemic fluctuations in revenue forecasts and office engagement, one possible solution relies on this simple truth – amenities don't have to lose money, if done correctly. In my latest Forbes Business Council piece, I talk about leveraging your amenities for maximum revenue while keeping users happy and excited to return to the office. #returntooffice #amenities #lulafit #workplaceculture
Council Post: Amenities Don’t Have To Be A Cost Center
forbes.com
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“The times have changed. Today businesses have so much choice of where their employees can work. Clearly, leased and serviced offices remain popular, but flexible and coworking spaces are on the rise, while pay-as-you-go spaces are also becoming an attractive option for businesses that are largely remote but meet in person on occasion. “There are significant knock-on effects for the entire office and commercial real estate sectors. Ultimately, choice is power, and our research highlights that businesses are constantly evaluating their options. This means that deliver great spaces and great experiences is imperative – otherwise, as our data proves, businesses will simply vote with their feet. “It’s critical that landlords and workspace operators remain agile if they want to successfully meet the changing demands of modern working – namely, spaces that are dynamic, attractive and tech-enabled. Doing so can simultaneously improve tenant retention and futureproof their assets.”
Three-quarters of businesses are actively considering changing their workspace
https://www.fmj.co.uk
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3 Reasons to Chuck Coworking and Get a Real Office
3 Reasons to Chuck Coworking and Get a Real Office
9jabase.com.ng
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Sneak Peak 👀 Find out how landlords and coworking operators are monetizing spaces “24/7” Employees have voted with their feet and the verdict is in. The traditional five-day office model is settling into a well-defined three-day-a-week zone. Studies indicate this is great news for business profitability and employee productivity and well-being. The downside? A decline in space utilization for flexible workspace providers and landlords who seek to monetize space that is currently empty. Solutions? Andrea Pirrotti-Dranchak (MBA) (Managing Director, EXPANSIVE) joined up with Thomas Proctor (NCG), Jane Sartin (Flexible Space Association) and John Allen (Bruntwood) to delve into the world of around-the-clock revenue generation. Their findings are a 6-minute read away! ➡️Hint: Data plays a pivotal role in reimagining the workspace product line.⬅️ A must-read for landlords and asset owners as well as flexible workspace operators. Allwork.Space | FUTURE OF WORK® writer Andrea distilled their webinar into a 6-minute article. Check out the article and listen to the video for inspiration to activate your space “24/7”. ▶️ https://hubs.la/Q02gQT0w0
Building A 24/7 Workspace — How To Make Money Beyond The 9 To 5
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Interesting article about the future of co-working and flex office space. Let me know if I can help you with your changing real estate needs! "To tap the pandemic-driven shift toward neighborhoods on the outskirts of downtown hubs "we changed our network strategy 18 months (to) two years ago after seeing exactly that," said Peri Demestihas, Industrious' senior director of real estate. A lot of towers in central business districts "just don't do it for people anymore, so our entire focus now is on those live-work-play areas. There are a ton of places where we're not, and a ton of opportunity to get to those places."
Beyond WeWork: How Coworking Firms Are Trying To Avoid Past Industry Mistakes
costar.com
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Are you a small business or startup? Don’t miss this article on avoiding “the enemy” (a lease) Companies warm to co-working Eager to shed full-time office space they aren’t using in favor of more flexible leases to save costs, bosses are giving employees the option to rent co-working spaces by the hour, by the day or on a recurring basis. “The lease has become the enemy right now for some of these companies,” said Jacob Bates, head of flexible office and co-working business at commercial real estate company JLL. According to a JLL report from May, 40% of the companies it surveyed plan to increase their use of flexible spaces, including co-working sites. Office Alternatives offers amentity-packed coworking solutions at affordable prices with month-to-month terms. Talk to us today about employee memberships https://lnkd.in/gEUb7wTP
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Is the return to the office worth it? That's the billion-dollar question. While labor experts debate the pros and cons of RTO, coworking spaces continue to gain popularity. WeWork, in particular, has seen an 18% YoY revenue growth from 2021 to 2022, with revenue up 7% in H1 2023. However, WeWork expressed "substantial doubt" about its ability to survive, citing "increasing competition in flexible space." According to a recent report from the Integrated Benefits Institute, almost half of workers would quit if their employer issued an RTO mandate. And during the hybrid work era, about one-third of workers said they'd quit if they were required to return to the office. But coworking spaces offer a unique benefit: cross-company connection. Industrious, for example, hosts happy hours that allow members to "connect on a human level, away from 9-to-5 grind," according to Finch. These connections can lead to new friendships and personal interests outside of the office. As operations managers, HR leads, and C-suites weigh the costs and benefits of RTO ultimatums, coworking spaces remain a popular option for those seeking flexible work arrangements.
How coworking in DC reflects the latest RTO push
hrdive.com
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3 Reasons to Chuck Coworking and Get a Real Office
3 Reasons to Chuck Coworking and Get a Real Office
9jabase.com.ng
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1mo“Half the space, twice the experience” is a great strategy as long as we take the opportunity to reinvest some of the savings than just bank the profit and an average workplace experience continues. Interesting and perceptive article James Frankis