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Realty savings from hybrid, remote work 1/3rd of markets estimates: Report

Realty savings from hybrid, remote work 1/3rd of markets’ estimates: Report SECTIONS Share Synopsis While evaluating emerging workplace trends and the projected impact of Covid-induced strategies on achievable real estate savings, CBRE found that achievable medium-term real estate savings attributable to hybrid or remote working could be one-third of the market estimates. Agencies CBRE is of the view that from a workplace strategy perspective, the relevance of physical space will continue, however, the intended purpose of office is likely to be gradually redefined over a period of time; the findings said. Cost savings from adoption of hybrid or remote working models are unlikely to match the expectation of companies and would offer only one-third estimated benefits, showed a CBRE South Asia report.

After seven 1M-SF deals in 2020, North Texas could see more in 2021

After seven 1M-SF deals in 2020, North Texas could see more in 2021
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