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.
Despite being more connected than ever before, the latest data shows that more than half of U.S. adults (58%) are considered lonely. The epidemic of loneliness and social isolation is one of the greatest social challenges we face. The mortality impact of being socially disconnected is comparable to smoking 15 cigarettes per day and can increase risk of cardiovascular disease by 30%.
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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