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2023 Future Of Work Forecast: 3 Things CRE Players Must Do To Stay Relevant In 2023

Allwork

This article is part of the Allwork.Space 2023 Future Of Work Forecast. In 2023, it’ll be up to CRE leaders to find ways to quantify the productivity gains their real estate offering can produce, and communicate these to prospective tenants effectively. . PART OF OUR 2023 FUTURE OF WORK FORECAST. Productivity.

2023 246
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San Francisco Office Vancy Soars to 37%

Allwork

Even as the city began to recover from the initial pandemic shock, it’s reported that other factors such as high crime rates and an influx of expiring leases from non-returning companies continued to drive up vacancy rates. By December 2023, the city had an office vacancy rate of 35.9%.

2025 248
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U.S. Office Transactions Rise 22% in 2024 as Hybrid Work Takes Hold

Allwork

billion in office transactions in the first half of 2024, up 22% from 2023, but still more than 50% down from pre-pandemic levels. office market saw $25.8 As hybrid work becomes the norm across the U.S., both tenants and landlords are adapting their strategies this year to avoid high capital costs.

2024 224
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How Do Employees Feel About Remote Work in 2023?

Success

19-25, 2023—the highest number since the start of the pandemic. A look at the state of remote work However, the general consensus from a recent report by Buffer, “ State of Remote Work 2023 ,” shows that employees don’t necessarily want to be back in the office. If it’s up to remote workers, the answer is a clear yes.

2023 147
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Lease cycle means West End office market will ‘reset’ by 2025

Workplace Insight

A BNP Paribas Real Estate analysis claims that London’s West End office market is on course to ‘reset’ by 2025 following a major leasing event cycle commencing in 2023, which will see a flurry of renewals, expiries and break clauses executed by both landlord and tenant, which will alter the market as we know it by the milestone year.

2025 52
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IRS guidance addresses SECURE 2.0’s catch-up contribution dilemma

BMT Office Administration

The saga of 401(k) catch-up contributions under SECURE 2.0 Beginning with catch-up contributions to be made next year, employees whose Social Security wages (W-2, Box 3 wages) exceed $145,000 this year can make catch-up contributions on a Roth, after-tax basis only. is well known.

Payroll 97
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British Council for Offices Chief Executive Richard Kauntze to step down in summer 2025

Workplace Insight

After soon-to-be 25 years of serving as Chief Executive for the British Council for Offices, Richard Kauntze will be stepping down in summer 2025. The BCO Awards programme has developed and expanded to recognise new priorities and innovation within the sector, such as the ESG Award introduced in 2023.

2025 52