Mixed-use development projects are enjoying a popularity boost as employers look to entice employees to spend more time in the office. Just ask Clayton Davis.
After an extensive period when many employees worked exclusively from home during the pandemic, some employers are rethinking their approach to real estate. One of the challenges is designing office spaces to accommodate new patterns of flexible work schedules. Another is choosing a location attractive enough to entice employees to make the commute. Mixed-use neighborhoods such as Bridge Park may hold some of the answers, Davis said.
“With real estate being the second-largest line item on a P&L outside of human capital, it’s a sensitive piece,” he said. “Employers want to make sure that investment is the appropriate one. No longer do you lease an office for its four walls and mailing address, where people come in with their heads down on their computer from 8 to 5.”
Comments are closed.