
Kastle’s 10-city occupancy average, based on its survey of entry card swipes, stalled at 43% in March—a level it hovered around for the next six months—and then registered a modest bump to around 47% in the weeks since Labor Day.
.A new study by Density, which analyzed thousands of workplaces used by Fortune 500 companies across 13 cities, found that a significant chunk of office space is sitting unused and empty for much of the workday.
Back to the office? Stay at home? Bit of both?
One company that’s working to shed some light on the situation is Kastle Systems. The company’s weekly office occupancy barometer is based on physical key swipes, showing exactly how many people enter a building on any given day.
In fact, 37% of people over 50 years old are likely to be found in the office five days a week, as opposed to just 20% of under 35s.
Meta has given its employees the flexibility to determine how they work, and has offered most employees the option to do their jobs remotely full-time or to select a mix of in-office and home work.
Perhaps even, the term “downtown business district” has become an anachronism, said panelists this week at NAIOP’s CRE.Converge conference taking place in Chicago with 1,600 attendees.
Landfill apparently. In fact, 17 billion pounds of office assets end up in landfills each year, according to the U.S. Environmental Protection Agency. Granted, there are a lot of moving (stressful) parts involved in renovating, relocating or closing. That has meant that to date, how to dispose of the furniture hasn’t exactly been front of mind for employers. That’s a mindset that needs to change, fast, experts have stressed.
Investment firm Thoma Bravo has announced the merger, and claims that the “strategic combination creates a global worktech leader that provides software solutions to power the modern workplace,” according to Workplace Insight.
Technology has transformed the contours of our workspaces. The authors of a new book spanning 50 years of design history explain how.
Is an office a jail, a playpen, a living room or a “container for occupational distraction”?
According to a new study from JLL based on surveys of more than 1,000 decision makers around the globe, companies will need to find answers. “55% of office-based employees globally have already adopted a hybrid working pattern, while 77% of CRE leaders in our recent Future of Work survey say flexibility is key to attracting and retaining staff,” the company wrote. “The shift to hybrid will demand a much greater reliance on technology. Organizations that empower their workforce and support flexibility with the right tools will reap the greatest long-term benefits.”
