Flex Index 6/20/23: Preparing for the Storm - The Future of Downtown Office | Arpit Gupta
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Preparing for the Storm: The Future of Commercial Real Estate | Arpit Gupta
In this episode, Rob is joined by Arpit Gupta, Associate Professor of Finance at NYU Stern, to discuss the risk of a commercial real estate “apocalypse.” Together they dive into:
Unprecedented Upheaval: The factors causing a dramatic transformation in the office space business and the potential size of the impact.
Stakeholders at Risk: How different stakeholders in the office real estate ecosystem, including employers and employees, are likely to be affected.
Seizing Opportunities: What actions real estate stakeholders and local governments can take to protect themselves and leverage this upheaval as a potential opportunity.
Whether you're in real estate, a company leader, or a public official impacted by urban core changes, this must-listen conversation offers insights and strategies for navigating uncertain times.
Listen on Spotify, Apple, or Amazon.
ICYMI: Tech Industry Deep Dive
While tech companies are often at the forefront of new trends, not all trends have staying power. One trend worth watching is Fully Remote work flexibility. While larger tech companies like Salesforce and Meta made remote work a hallmark of the pandemic era, the tide appears to be shifting.
So what's happening in tech? Is tech on the leading edge of Fully Remote companies becoming the norm, or will tech gradually shift more toward hybrid work as larger companies reevaluate their policies?
In this report, we dive into the current state of work location flexibility in the tech industry. We examine how flexibility is evolving, with a particular emphasis on trends by size of company and where Fully Remote work is most popular. From that analysis, we can start to draw some early conclusions on where tech may be headed and how that might impact Fully Remote adoption in other industries.
Company Spotlight
At Constellation Brands employees can be full-time remote if their role permits without special approvals, however you must receive approval to move states. Production and Hospitality teams generally have to work on-site daily, either in producing our products or in working with customers enjoying our products on site.
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Newly Added Companies
In the Media
WSJ: Despite most companies offering work location flexibility, relatively few companies include flexible work information in their job descriptions.
Fortune: Financial professionals have a warning for their employers: Don’t ask me to come in to the office more often, or I’ll quit.
Worklife: Google opened a new front in return to office last week by stating an intention to include office attendance in performance reviews.
One Last Thing…
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About Scoop
Scoop is the fastest way to plan your next great office day. With Scoop, employees get more out of going in, with easily scheduled in-office days and invites. For HR and workplace leaders, Scoop provides insights on work location trends, office usage, and additional workplace solutions to get the most out of hybrid work.