Office workers are back, and focused on wellbeing • RENX

December 17, 2024
2 mins read
2024120932 2


Tenants appreciate the upgraded amenities and First & Jasper Edmonton, GWLRA’s top performing building

In April 2024, GWLRA surveyed our office tenants for the first time since the COVID-19 interruption.  We asked how we are doing as building managers, what amenities were most appreciated or desired as well as about their return to office and commute patterns.

As building managers, the largest gains in satisfaction were in buildings where GWLRA had invested in the tenant experience by adding amenities such as gyms, end-of-trip facilities, tenant lounges and re-imagined, inspiring lobbies.  The information gathered reveals much about the state of the office market. 

Office workers are back!

2024 12 10 08 article image office workers are back and focused on wellbeingpng
Figure 1

Tenants are back to the office. Over 75% were working 3 or more days in Calgary and Edmonton at the May 2024 survey date, for example.  GWLRA places an importance on 3 or more days in the office, as this typically requires space to accommodate everyone at one time at least one day per week, thereby reducing the likelihood of the tenant wanting less space.

The greater prevalence of in-office work outside of Toronto correlates to shorter and/or arguably more pleasant commuting elsewhere in Canada, and we think this is a factor. See figures 1 and 2.  Montreal has some longer commutes, but also a greater use of transit than Toronto, which may be a factor in maintaining higher in-office work in that metro region; people can answer emails, read reports or relax when traveling by rail or bus rather than be frustrated in traffic.

Office workers place increased value on security

2024 12 10 17 article image office workers are back and focused on wellbeingpng
Figure 2

The importance of the overall office experience has grown since 2018.  This appeared in several ways.  First, tenants value and prioritize feeling safe.  24-7 security in the buildings was the top ranked and valued amenity in many downtown buildings.  The urban disorder nearby some of our office buildings has likely contributed to an added appreciation for seeing a smiling security professional when tenants walk into the building.  

Changing workplace styles and valuing seating options throughout the building

Tenants valued places to work in the building, outside of their office suite.  This included having seating in the entry lobby, a tenant lounge, or outdoor area as well as in bookable meeting rooms.  A desire for alternative places in which to work or to take a break within the building is consistent with the larger trend of people working from cafes or coworking places to focus and sometimes for the energy that comes from being with others.  

2024 12 10 22 article image office workers are back and focused on wellbeingpng
Figure 3

This appreciation for workplaces outside the office may also be connected to a significant change in workplace styles since 2018.  In 2024, 67% of tenants report having either agile seating or a mix of both agile and assigned seating—up from 26% in 2018. More are also in open plan.  These layouts that prioritize collaboration can be noisier and sometimes make private conversations challenging–likely a reason why tenants appreciate additional work spaces in the building.  Also, because workers are now typically mobile with laptops on WIFI, they find it much easier than in the past to relocate for quiet, privacy, or that coffee-shop buzz. 

A focus on wellbeing

Wellbeing amenities consistently ranked the highest in our survey.  Healthy food options in the building or close by, end-of-trip facilities (showers, bike lockers, etc.) onsite, and fitness opportunities scored highly where we have them, and as most desired where GWLRA does not yet offer the amenity.  In buildings where GWLRA has changed the arrival experience, tenants rated this feature highly.  

Wrap up

A key takeaway for GWLRA from this survey is that overall experience matters. From arrival in a welcoming lobby with security professionals saying hello, to break time in coffee shops or sit down restaurants in the building, and the option to find alternate workspaces on site, tenants now expect and appreciate quality touch points throughout the day. Tenants also want the option to get some exercise in a gym or through an active commute; and they want to find healthy food choices. As GWLRA prepares for more upgrades of our office stock, these considerations are top of mind.



Source link

curationteam

Curation Team will curate content from different sources and present for you. We will not edit any content. Source link is provided for the source from where its received .

Leave a Reply

Your email address will not be published.

Retired government official arrested in multi-crore land scam in Malad, ET RealEstate
Previous Story

Retired government official arrested in multi-crore land scam in Malad, ET RealEstate

Birla Estates acquires land parcel for Rs 104.3 crore in Boisar, Maharashtra, ET RealEstate
Next Story

Birla Estates acquires land parcel for Rs 104.3 crore in Boisar, Maharashtra, ET RealEstate

Latest from Blog