Reopening the Office Best Practices
Buildings shares NELSON Worldwide’s guide Scalable Workplace Solutions, outlining a spectrum of tactics employers can take to keep their employees safe when returning to the office. Read more here.
Why Now Might Actually Be The Best Time To Sign A Long-Term Office Lease
“Let’s sit down and sign a contract. It will last for 10 years, and it will cost you hundreds of thousands of dollars, if not millions. What you’ll get out of the deal will be an office. Yes, an office: the physical real estate that was deemed unsafe by the pandemic, and which continues to be an uncertain space for human use. The remote work of the lockdown days has evolved, post-pandemic, into here-today-gone-tomorrow hybrid work. As a result, office spaces are often occupied only some of the time, and in some cities they are virtual ghost towns, stacked in vertical ghost buildings, filling ghost blocks.
With high vacancy and low demand, the debts coming due on many of these buildings may simply be unpayable. But office spaces in general are not dead.” (Fast Company)
Haril Pandya, Principal and National Practice Leader, Asset Strategy, shares why it’s a good time to be a tenant with Fast Company.
ENR New York: ‘Hilton Garden Inn Camden Waterfront’ Best Residential/Hospitality Award
We are pleased to announce our project for Hilton Garden Inn Camden Waterfront has received a Best Residential/Hospitality Award for ENR’s New York Region. Congratulations to our partners at Intech Construction. See full article here.
Asset AdvantEDGE: Redefining Amenities
In recent years, physical amenities have become an imperative perk to differentiate your property’s experience, but the rise of COVID-19 has shifted consumer behavior and the role of the workplace (check out our post on Top 10 COVID-Safe Amenities). Soon, pressure for employees to return to the office full time will ease and it will be up to landlords to create a differentiated foundation for programming, engagement, and collaboration that tenants not only want to return to but cannot be replicated at home. The traditional definition of amenities will expand to support lifestyles – both in and outside the property – and successful future perks will be a blend of digital offerings and experiential environments, as our teammate Holly Williamson recently shared with the New York Real Estate Journal.
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Leading Regional Trends: Northeast | Southeast | Central | West
Good Reads | Featured Project
Northeast: Urban Convenience
Even post-pandemic, urban hubs in the Northeast will still value convenience in their workplace offerings. From secure bike rooms to commute-tracking apps, the focus will be on ease of experience, as much as safety. With public transit still a concern, offices should consider adding perks like an Uber allowance or electric scooter rentals for alternative transportation options. Landlords might even consider offering additional square footage in satellite buildings to give tenants and employees more flexibility in where they go to work, providing a dedicated network rather than a dedicated office. Consider conducting tenant surveys to understand your commute breakdown to provide more relevant offerings.
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Southeast: Foodie Focus
The foodie culture of the South will need to be reimagined in the wake of the pandemic. Landlords will need to get creative to offer a differentiated food and beverage experience for their tenants, with safety in mind. Consider win-win partnerships with local restaurants, food trucks, catering apps like Relish, and even cloud kitchens, to offer employees unique, localized food offerings in a more controlled environment. Create dedicated drop-off zones for food delivery with warming drawers, refrigerators, and disposable utensils to reduce touches and streamline the process.
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Central: All Season Entertainment
Now that tenants have been forced to embrace the working from home experiment, the role of the office is shifting. While heads-down work can easily be accomplished at home, the office will be need to be transformed into a social destination – an experiential hub for brands, dedicated to hosting clients, encouraging employee engagement, and facilitating teammate collaboration – and amenities will need to follow suit. Consider creating more elevated, year-round spaces that can flex depending on the occasion and get employees excited about an excuse to return to the office.
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West: Wandering Wellness
A healthy lifestyle is nothing new in this region, but a renewed focus on holistic, outdoor wellness will reign supreme in the coming years. Create differentiated amenities like hiking trails, dedicated meditation areas, or artificial turf for multi-purpose events and activities, to allow your tenants to unwind and recharge in a safe environment. If you’re short on square footage, consider app subscriptions for on-demand content like Headspace, LulaFit, or Peloton.
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Working with you, to get you back to work
SPARC: Space Planning & Assessment in Response to COVID
As we collectively transition into the next phase of COVID-19 containment, we’re here to guide you through the process of assessing your space based on your company’s approach to returning to your workplace. Our tiered service packs allow you to quickly assess your needs and identify what’s right for you.
Good Reads
- 10 COVID-Safe Building Amenities
- Reimagining amenities for the future of workplace
- LulaFit adjusts to coronavirus crisis by shifting to virtual amenities programs
- The best workplace amenities are the ones your employees don’t even notice
- Food is a big deal at work. Here’s how the pandemic will change lunch and snacks
- A place to meet, a place to relax: what members want from their workspace
- Fitbit rolls out ‘Ready for Work’ COVID-19 symptom tracker
- The amenity evolution
- The future of work is hybrid: Work from home and the workplace
- The amenity effect: making your office building more marketable
Featured Project: Nomad Tower
We reimagined this 39-story building in New York City’s upcoming neighborhood known as NoMad, located north of Madison Square. Elevated amenity spaces including a private lounge complete with ping pong, pool table, and arcade games. In addition, tenants can take advantage of a conference room, 200-person amphitheater, fitness center, private coffee bar, and New York’s largest bicycle storage and bicycle access to an office building.
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See full project details View Asset Strategy
Return to Work Survey
Evolving Workforce Expectations
Learn more about NELSON Worldwide’s proprietary research study on emerging employee expectations to better determine the impact COVID-19 has had on work environments and employee engagement. We uncover insights that will help drive your re-entry strategy and provide support and context for future decisions.
Stay In the Know
Atlanta Business Chronicle: Best in Atlanta Real Estate
When Truist Securities announced it would move its longtime headquarters in Buckhead to a new tower in The Battery Atlanta — a few hundred feet from home plate — it underscored a common theme emerging in commercial real estate.
Read more with Atlanta Business Chronicle here.
Philadelphia Business Journal: Hilton Garden Inn Named Best Real Estate Deal for Hospitality
Hilton Garden Inn Camden Waterfront, the first new hotel in Camden, New Jersey in more than 50 years, is named best real estate deal for hospitality by Philadelphia Business Journal. Read the full article here.
Careers
Philadelphia Business Journal: Best real estate deals of 2021
We’re thrilled to share that our project with the W Element Hotel was awarded second place on Philadelphia Business Journal’s Best Real Estate Deals of 2021. Read more here.
Verizon Innovation Center Named “Best Research Lab” by IIDA New England
NELSON is proud to announce that its Verizon Innovation Center project was named the “Best Research Lab” at the IIDA New England Interior Design Awards 2014 last night!
Congratulations to the Boston office and its project team for its exemplary work!
For more information about the Verizon Innovation Center, please contact Stacy Chambers, Managing Director, via email at SChambers@NELSONonline.com.
Jezebel: 10 Best hotels in Atlanta
“Tucked away inside The Interlock sits the Bellyard, a rustic-chic haven of industrial design dreams.”
We’re honored to share that our work with the Bellyard was named #1 Best Hotel in Atlanta by Jezebel magazine. Thank you to our talented teammates and partners! Read more here.