What the hybrid
workplace means
for real estate
New ways of working require companies to rethink their workplace
Companies are welcoming people back to the office as conditions allow, with employees returning as they receive their vaccine and become more comfortable with the state of the pandemic. The type of work that people do in the office is changing as well, causing C-suite leaders to rethink the role of the workplace in this new landscape.
As organizations map out what they want the future to look like, many will adopt a flexible workplace model, with physical space dedicated to socialization, collaboration, in-person meetings and people management. These interactions are most meaningful in person—they can’t be replicated through computer screens or instant messages in the same way. That’s why companies must prioritize how their space fits into a broader network of integrated services that support working from anywhere—whether from home, the office or elsewhere. When done correctly, organizations will see an increase in human performance, organizational resiliency and a more optimized real estate portfolio.
The pivot requires CFOs and other C-suite leaders to think differently about their real estate portfolios. It’s not just about assessing space based solely on cost per person or per square foot. Instead, they need to consider how the built environment adds value and invest in the footprint that best supports how work will be done.
This guide will highlight those considerations, including:
- Why a people-centric real estate strategy is key
- Why the workplace will benefit from a refresh
- Why updating office space is a worthwhile investment
- Why collaboration between leadership is crucial to success
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