{"id":1004660184,"date":"2023-05-03T14:45:40","date_gmt":"2023-05-03T22:45:40","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004660184"},"modified":"2023-05-10T05:25:54","modified_gmt":"2023-05-10T13:25:54","slug":"proptech-and-office-space-management","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/proptech-and-office-space-management\/","title":{"rendered":"Proptech and Office Space Management"},"content":{"rendered":"
\"Jessica

Jessica Fiur, Editor-in-Chief<\/p><\/div>\n

I inspected my office\u2019s bare walls. Papers, Post-its and index cards, filled with important dates to remember, editorial calendars and art from my kids were all taken down, and all that was left on the bulletin boards were the sun-bleached outlines. I diligently packed my pens, phone charger and branded conference swag into a box, and took a final look around. Green Day\u2019s \u201cTime of Your Life\u201d was playing in my head.<\/p>\n

Having an office is great. But who can resist the alluring siren song of wearing leggings and 5K race shirts to work, while bonding with my dogs? Certainly not I. So, it\u2019s the hybrid work life for me. And since our office has a lot of people who also may or may not go in during the week, it\u2019s only fair to share the space.<\/p>\n\n\n

\n
READ THE DIGEST<\/a><\/div>\n<\/div>\n\n\n

Though there are many other companies that have also adopted a hybrid schedule for their workers, there are still a lot of employees working from home full time\u2014according to a monthly study<\/a> from Stanford University, in early 2023, 27 percent of people with full-time jobs were working from home. And the industry is still grappling with what to do with empty office space.<\/p>\n

According to reporting by Denile Doyle in “How Office Stakeholders Are Coping With Maturing Loans, Looming Defaults<\/a>,” the office market is in distress\u2014and some of the biggest office landlords have defaulted on their loans. And though some tenants are requiring their team back in the office, this might not be the solution to owners\u2019 woes.<\/p>\n

\u201cDespite everybody\u2019s mandates, I have yet to see it really play out,\u201d Jim Brooks, president of BH Properties, told Doyle.<\/p>\n

Both the companies that do <\/em>have employees back in full time and the ones that are allowing hybrid schedules and hoteling are leaning into proptech to streamline processes for both owners and occupiers\u2014and this has led to many innovations. For example, there are advances in data tracking that allow owners to measure how often tenants have their team in the office space, as well as technology that lets employees reserve their workspaces in advance.<\/p>\n

\u201cThe physical workplace is becoming more digitally integrated, and it\u2019s important, as landlords, to provide tools that activate smart offices for tenants,\u201d Mikki Ward, senior vice president of technology and innovation at EQ Office, told Gabriel Frank for “CRE Is Still Hungry for Proptech, but Tastes Are More Refined<\/a>.” <\/p>\n

Maybe proptech could have a hand in helping the office sector regain its footing. One thing\u2019s for sure, it\u2019ll help me reserve my office when I run out of stretch pants and need a break from the dogs.<\/p>\n

Read the May Digest.<\/em><\/a><\/p>","protected":false},"excerpt":{"rendered":"

While many companies are still unsure about what to do with their empty office space, new proptech options are emerging to help manage it.<\/p>\n","protected":false},"author":443,"featured_media":1004526512,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1521,21788],"tags":[],"class_list":["post-1004660184","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital","category-editors-notes"],"acf":[],"yoast_head":"\nProptech and Office Space Management - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/proptech-and-office-space-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Proptech and Office Space Management\" \/>\n<meta property=\"og:description\" content=\"While many companies are still unsure about what to do with their empty office space, new proptech options are emerging to help manage it.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/proptech-and-office-space-management\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-03T22:45:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-10T13:25:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Jessica-Fiur-Headshot_small-1-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jessica Fiur\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/proptech-and-office-space-management\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/proptech-and-office-space-management\/\",\"name\":\"Proptech and Office Space Management - 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