How to Plan For The Post-Pandemic Office

There are many aspects of the project management process that have changed in the past year due to the effects of COVID-19. As companies begin to reintegrate their operations and return to the office, it is important to consider changes in municipal or corporate regulations and be sensitive to employee wellness and office interactions. Companies should partner with experienced project managers to help them navigate the entire real estate process from a property management perspective while reaping the benefits of their market expertise. Site selection is arguably the most important step clients face in their commercial real estate planning. Due to the impact of COVID-19, the availability rate of office space increased to 20.6 percent by year-end 2020 (up 3.4 percent from 2019). Now more than ever, thinking outside the box is key as space utilization decisions are being made. As one innovative example, companies could consider selecting vacated big-box buildings or warehouses to build-out their space. These types of spaces typically have lower rents than traditional Class A or B office buildings and can be a more cost-effective approach for companies looking to reduce their real estate costs. Additionally, many companies are currently considering maintaining work from home policies for big portions of their workforce, which will, in turn, reduce their space needs and their operational and facilities management costs. Utilizing a workplace strategist is valuable in this stage of the process as it can help narrow down building options and identify the best strategic approach to site selection. Click to read more at