As we begin to transition back to the workplace after several years of uncertainty, organizations and the real estate industry are embracing a hybrid way of working. This will change how we view the workplace, how it will be used, and how team will function in the office and remotely.
Employers and employees are facing a set of conditions, which has created a series of problems that confront us today. This perfect storm include the following three main drivers:
- The pandemic caused the great re-evaluation: many individuals changed jobs, downsized their homes, or took an early retirement.
- The pandemic has proved the need for operational changes: Organizations that were built on traditional, hierarchical models have now shifted to trust-based operation allowing employees to work remotely.
- And, demographic shifts give employees the power: Baby boomers retiring, delayed entry into workforce by young people and an increased death rate have resulted in labour shortage in countries around the world.
In this employee-led market, workers are in the driver’s seat and can make demands, and our workplace strategies must respond to this shift in power. When it comes to real estate, this has led to two distinct trends: hybrid work and the flight to quality for buildings and locations.
Cushman & Wakefield’s Strategic Consulting’s latest report covers insights and recent research we’ve conducted in Canada on the workplace revolution and outlines how our offices will begin to change the way we work, shop and live. Download the report to learn more.