The future of workplace and CRE

The future of the workplace and CRE is ever evolving. It’s our business to ensure we’re up to date with the latest trends in this space. Enabling us to hold meaningful conversations with our customers and partners, and continue to innovate in this space.

Here’s a wrap up of three noteworthy articles for October.

2023 commercial real estate outlook - Deloitte

Deloitte surveyed 450 CFOs of major commercial real estate owners and investors, shining a light on their insights when it comes to growth, investment, anticipated structural changes and more.

With this study, it’s clear that the industry is making some major changes as it responds to an uncertain economy post-pandemic. The recent CRETech conference also highlighted some of the big shifts from within a sector that affects us all.

We’ve recently held some meaningful conversations with our Parkable customers and partners in this space, who have been giving key insight into these changes. Between heightened ESG disclosure requirements and the risks associated with curtailing technology spending, our peers in CRE are looking to 2023 and beyond, gauging where these next few years will take us all.

How can offices find new relevance in today’s hybrid world of work? JLL

To run a successful company today, we all have to start aligning operations with the hybrid work culture of the future.

As JLL mentioned in their July study on decoding hybrid work, employers generally agree that remote work is the future. So the question now goes, how can we best support teams in the new working landscape?

We are proud to be involved with our customers on the journey making hybrid work a little less complex for everyone involved. Our technology makes the commute to work easier, whether you’re going into the office one day a week or all five.

As the study says, “while hybrid work is now perceived as a non-negotiable element of the employer promise, how to support it properly is yet to be defined.”

Facebook Parent Meta to Shrink Some Offices as It Adapts to Hybrid Work - Wall Street Journal

The growing pains of adapting a workspace for hybrid work still affect many businesses worldwide. And often, it takes a bit of trial and error, whether you’re a part of a tech conglomerate or a startup, before a workspace runs completely smoothly.

For example, our customer Meta is just one of the many organisations that have recently shrunken some office spaces to adapt to remote and hybrid work shifts. And while the company’s top real estate exec has said in the WSJ exclusive, that it’s too early to say how much their overall real estate footprint could change, they are hoping that the shifts to smaller venues drive more life into the building, more energy and more activity.

The Parkable team appreciate getting an inside look into how such a major conglomerate is affected by wider transformations in work culture, and are always on the lookout to learn more about it and how it affects us all moving forward.

We're always interested to learn more about industry trends like these, while also building our own insights. Keep an eye our for one of our surveys for your chance to have your say, and to contribute your voice so our industry can continue to innovate in the future of work.

If you're keen to learn more about the benefits of Parkable you can read more:

5 reasons CRE implement a Parking Management System

5 reasons Workplaces implement a Parking Management System