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Cities that converted empty office buildings into housing face these important questions
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It took a global pandemic to convince American businesses that their employees could work productively from home or a favorite coffee shop. Post-COVID-19, employers are struggling to find the right balance of in-office and remote work. However, hybrid work is likely here to stay, at least for a segment of workers.
This shift isn’t just changing lifestyles—it’s also affecting commercial spaces. Office vacancy rates post-COVID-19 shot up almost overnight, and they remain near 20% nationwide, the highest rate since 1979 as tenants downsize in place or relocate. This workspace surplus is putting pressure on existing development loans and leading to defaults or creative refinancing in a market already plagued by higher interest rates.
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Tourism is an often-underutilized driver of economic growth, capable of transforming communities by creating jobs, fostering local businesses, and enhancing the overall quality of life. Economic developers and tourism professionals must work together to create a cohesive strategy that leverages the community’s tourism potential. Here’s how you can integrate tourism...
Agriculture Secretary Tom Vilsack announced today that the U.S. Department of Agriculture (USDA) is awarding $50 million to 141 awardees in 40 states and Puerto Rico, through the Farm Labor Stabilization and Protection Pilot Program (FLSP Program), reaching 177 unique agricultural operations and over 11,000 workers. The awards will help...
The long-simmering debate over whether remote work hurts productivity or dampens worker performance has reached the peak of academic prestige: A study in the journal Nature.Leaders eager to get workers back to the office often believe it leads to things like lower worker output and an erosion of workplace culture...