• Cincinnati

Out of the Office

By Douglas Bolton, Market Leader & Managing Principal

woman-791185_1920-200x300This headline in the New York Times a few weeks ago, “More Are on the Job While Out of the Office” will definitely not be the case during certain periods March 16-April 3, thanks to the NCAA men’s basketball tournament.

The headline and story — (Click Here to Read) caught my eye as I was preparing to speak to a local firm’s sales force about trends and topics I’m seeing from my corner of the commercial real estate world.

A Gallup survey of more than 15,000 adults released in early February showed that 43 percent of employed Americans said they spent in 2016 at least some time working remotely, a four percentage point increase from 2012.

What this means is that employers are waking up to the fact that flexible scheduling and work-from-where ever opportunities play a major role in keeping their employees engaged and not longing for work somewhere else.

The study also found that:

  1. Workers are spending more time working remotely;
  2. The shift is not universal, being embraced by transportation, computer, information systems and mathematics industries, while being shunned by community and social services, science, engineering, architecture, education, training and libraries.
  3. Employees were more engaged if they spent 60- to-80 percent of their time away from the office, a reversal of fortunes from 2012 when workers who were the most engaged were the ones spending more time in the office.

These facts are important to our work as advisers to our clients, whether investors or occupiers. It spells a change in the overall scope of the office environments we are designing. Workforces will always have a need for office space. It’s our job as real estate professionals to help them navigate creating what’s best for their workforce or working with our investor clients on how best to attract tenants and fill their buildings full of the workforces of the future.

Doug-Bolton_8206e_pp-150x150Douglas Bolton, Market Leader & Managing Principal

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