Eight hours per day, 4 or 5 days per week: the average office worker spends tens of thousands of hours at work over the course of their career.

In our last blog post, we covered 5 ways to create a great office culture. Today, we’re building on these ideas and exploring some of the important steps that businesses can take to create a healthy and productive working environment for this culture to thrive in.

Because of the significant amount of time that people spend at work, employers have a duty of care towards their staff. Among other things, this entails going the extra mile to create the healthiest possible workplace environment. Here are some tips to help employers build a more productive work environment.

Adopt a holistic approach to workplace health

Health isn’t just physical; it has psychological components too. A holistic approach to health in the workplace means paying attention to:

•  Physical health: Health and safety, ergonomic furniture, wellness amenities, etc.
•  Psychosocial health: Relationships between co-workers, management style, communication, positive values, flexible hours.
•  Development: Providing professional development opportunities and incentives to be productive and set new goals.

Read the rest of this entry »

There’s no doubt that a healthy organizational culture is one of the greatest assets any company could have. Employee engagement, motivation, retention, and talent attraction are greatly influenced by company culture.

But culture can be an abstract concept. How exactly can a healthy corporate culture be cultivated in an office environment? In this article we’ll look into five ways you can do so.

Read the rest of this entry »

In a previous blog post we examined the performance of the commercial real estate market in some major US cities. This is the second article in this series, which uses data from late 2020 and early 2021 to examine vacancy and supply rates in cities such as Los Angeles, Chicago, Atlanta and Houston. These statistics illustrate the impact of COVID-19 on the commercial property rental market, as well as the types of properties that are holding strong in the face of negative trends.

Los Angeles

Los Angeles is a hub for creative, media, and entertainment companies, many of which are office-based. The city’s proximity to major cargo ports makes it convenient for logistics and distribution businesses, both of which have kept the industrial real estate market strong.

Offices

•  Vacancy rates in downtown Los Angeles are 21.5%.
•  In Q4 20202, there was more than 5.5 million square feet for vacant space, with 3.4 million feet being in the Financial District.
•  The majority of vacant inventory involves Class A offices.
•  Supply increased by more than 2 million square feet in the past 12 months.
•  No new supply is expected to enter the market as no projects are currently under construction in the CBD area.
•  Vacancy rates average 22.5% outside of the CBD, however, they reach 56% in the Fashion District.
•  Vacancy rates are just under 18% in the Greater Los Angeles area.

Read the rest of this entry »

With a market size of nearly $900bn, the United States has one of the world’s largest commercial real estate markets, coupled with some of the most desirable business locations to match. This post serves as the first part of our examination into the US market’s performance based on data from Q4 2020 and Q1 2021.

Read the rest of this entry »