The Partnership Business Development Manager of IWG says that companies require less space as their employees are no longer in the same location 5 days a week and providing access to a network of locations boosts productivity and provides greater flexibility and convenience for employees
According to the IWG country manager, workers see the possibility of hybrid working as equivalent to a 7%-8% pay rise. She expects the sector's vacancy rate to fall in the second half of the year, as the daily commute of white-collar workers could soon be a relic of the past. Brave new world? Find out in this interview.
CPI Hungary has further increased its competitive advantage in the Hungarian real estate management market through an acquisition. The company relies on offering its tenants unique, flexible office solutions and wellbeing services compared to its competitors. The majority of time spent in office buildings can be meaningful, colourful and full of life. We had a chat with the Bea Déri (Director of PR, Marketing and Design of the market leader company, pictured right), and Zita Kovács-Bertók (Office Business Development Director).
Mr. Hubert Abt, founder and CEO of New Work and workcloud24 says that if we want to continue to live on this planet, ESG is inevitable for all companies. We also talked about the risks in the real estate market, the differences between ESG and CSR and how to fit 7,000 people in a building planned for 4,500 people. Tight questions and even tighter answers.
Office tenants are hesitating to sign long term contracts, which is understandable given the turbulence of the last few years. Flex-office operators are not looking forward happily to the recession either, but it is undeniable that the market environment is more in their favour. Mr. Hubert Abt, founder and CEO of New Work and the Workcloud24 platform, shares with us all there is to know about the difficult times ahead.
Mr. Hubert Abt, Founder-CEO of New Work Offices & Workcloud24 does not like to talk in circles, he prefers facts, and some of his statements are almost shocking. He says that without the changes required by ESG, the average real estate portfolio will lose 30% of its value in a few years. We talked about an impending recession, 50% vacancy rates, and the challenges facing landlords.
According to Ms. Erika Loska, MRICS, Co-Managing Director of Knight Frank Hungary, hybrid working is a huge opportunity to retain a quality workforce, but it also has a number of drawbacks, and it is just one of the biggest changes in the office market that both tenants and landlords need to respond to. We talked about ESG, the world beyond profit and tenants' cautiousness, among other things.
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