Employees are experiencing increased anxiety, stress, burnout, depression and loneliness.
Employers are bearing higher healthcare, absenteeism and turnover costs, as well as lower presenteeism and productivity loss.
Record high resignation levels. Organizations are struggling with attracting and retaining talent. 4.5M U.S. workers quit jobs in November 2021 alone.
Furthermore, the new “working from home” model is putting further pressure on organizations. Companies are figuring out optimal working routine and framework, which includes their office space needs and requirements.
Major business centers and cities globally are experiencing high vacancy and increased turnover rates. The U.S. office market alone will have 1.1 billion square feet in vacant office space by 2030. The softness in the market is not equally distributed - the desired buildings emerge strong, while the less desired ones are at the obsolescence risk.
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