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March 3, 2022

Coworking And Flex Office Providers Say They're Past The Pandemic And Set To Expand

Wingspan Development Group's Chris Coleman discusses new developments shaping the burbs at Chicago Future of the Suburbs March 30

Government officials across the U.S. are lifting mask mandates, a long-awaited sign that companies can start to think seriously about returning workers to their offices. But it isn't as if nothing has changed, and many expect new ways of working will replace the old.

That may mean good times ahead for flex office providers.

“The dark cloud of the pandemic is starting to blow over a little,” said Joe Brady, CEO of the Americas at flexible workspace company The Instant Group. “But no one believes there’s going to be a return to pre-pandemic behavior.”

Coworking And Flex Office Providers Say They're Past The Pandemic And Set To Expand

Brady said he expects many employees will increasingly make clear they want to keep working from home, at least for portions of the week. When they do return to their offices, they will want more amenities and a wide range of spaces that can offer privacy if needed. And if…

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Nobody can say for certain their current role in real estate will still exist in a few years' time. The world has seen periods of immense change before, but real estate is still catching up with societal shifts from a decade ago. In this environment, plotting a course for the…

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Biden: ‘Vast Majority Of Federal Workers’ Soon Returning To Offices

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City Emissions Laws Fueling Cottage Industry Of Sustainability Consultants

 

Three years after the passage of Local Law 97, the New York City law mandating emissions reductions in large commercial buildings, the impact of the pioneering legislation is beginning to be felt.

While building owners won’t face fines for noncompliance until 2024 — and in the case of the vast majority of buildings without significant emissions issues, 2030 — the fact that the law has serious financial penalties for not meeting reduction targets has created a push for owners to begin planning for emissions reductions, emissions monitoring, and even building retrofits and electrification. 

“LL97 is one of the few laws with actual teeth,” said Nikhil Daftary, executive vice president of product at Carbon Lighthouse, a building analytics firm focused on decarbonizing buildings. “What’s interesting is that it's forcing change in the market in interesting ways. You can’t just pay lip service, you need thoughtful implementation.”

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