A trend towards hybrid and remote work since the pandemic may cut $800 billion from office property values by the end of the decade, according to a recent study by consulting firm McKinsey. McKinsey said that employees continued to spend far less time working at the office compared to the pre-pandemic era, The survey, published on July…
Hybrid Work Trend May Crash Commercial Real Estate Values By 2030, Says McKinsey
July 15, 2023
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Worst Case Scenario: Hybrid Work Trends May Result in Office Space Demand Falling 38 Percent by 2030, Says McKinsey
July 15, 2023
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Business & Marketscommercial real estateCompanieseconomic policieseconomyGlobal Real Estatehybrid workInvestmentMarketspandemicreal estateremote work
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A trend towards hybrid and remote work since the pandemic may cut $800 billion from office property values by the end of the decade, according to a recent study by consulting firm McKinsey. McKinsey said that employees continued to spend far less time working at the office compared to the pre-pandemic era, The survey, published on July…
Federal Liberals Want to Make Hybrid Work Permanent for Members of Parliament
The federal Liberals want to make virtual participation in the House of Commons a permanent option for members of Parliament and they are vowing to make sure that happens before any can go home for the summer. All parties agreed to create a hybrid workplace once MPs started returning to the House of Commons after…
Remote, Telework, or Hybrid: How About a Raise Just for Showing Up?
Commentary Is the option of working from home for some employees coming to an end? It depends on who you ask. Last week, Forbes ran an article titled, “Is remote work dying a fast death?” while only 10 days earlier, the Los Angeles Times had declared, “Why the trend toward remote work isn’t going to…
Remote, Hybrid Work Creating Schism as Popular Option Unavailable to Many Workers
Employees like Matt Fairbanks are one of the reasons the hospitality and restaurant industry is struggling to find workers even as the pandemic wanes. The 34-year-old former bartender has moved from slinging beers in Toronto to selling software to restaurants for a Saskatchewan company — which he does remotely. “I was always kind of one…
Google Employees Told to Come Back to Offices, Vaccinated Don’t Need to Wear Masks
March 3, 2022
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Business & EconomyBusinesses in COVID-19CompaniesGooglehybrid workMedia & Big Techremote workReturn to OfficeTechTech NewsUSUS News
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Google is asking employees in the United States, Asia-Pacific, and the UK to return back to offices for three days per week beginning April 4, marking the end of the company’s full-time remote working option instituted during the pandemic and a transition toward hybrid work. “Google’s approach to the hybrid work week was inspired by…
Wealth Generated by Cryptocurrency and Hybrid Work Fuel Demand for Luxury Housing: Report
January 11, 2022
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The growing demand for luxury homes is being fueled by hybrid work and increasing wealth generated by cryptocurrency, according to Sotheby’s International Realty Luxury Outlook 2022 report published on Monday. The report, which looks at trends that are likely to shape the global high-end real estate market in the year ahead, was compiled by surveying Sotheby’s International Realty agents around the…
Remote Work Anxiety Is Real. Here’s How to Help Employees Who Have It.
By John Boitnott The increasing popularity of hybrid work models has produced an unexpected consequence: remote work anxiety. Many employees say that working remotely leaves them feeling lonely, stressed out, less motivated and ultimately leads to lower levels of productivity. A recent survey by InsurTech company Breeze found 47 percent of remote workers are experiencing remote work anxiety as their coworkers return…
Welcome to the Hybrid Work Era
It seems like ages ago. But, do you remember the optimism that we were all basking in back in the spring? Maybe, just maybe, things were returning to a pre-pandemic life. Case in point, a Deloitte survey was conducted in April 2021. At the time, over two-thirds of the respondents (67%) were still fully remote. However, 64 percent…
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