Questions to Ask Before You Change Your Office Space

What is the “why” you and your employees are coming to the office?

For a lot of companies, the answer is collaboration. For others, it is providing a space for employees to come periodically if they can’t or don’t want to work at home full time. A lot of people need the office as a social outlet or a place to “actually” get work done. Answering this will help dictate the overall square footage needed and configuration. (Private offices vs workstations vs hoteling options).

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Warehouse Space Demand Post-Pandemic

Minneapolis warehouse space has been in extremely high demand during and after the pandemic.

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Target Giving Up Downtown Office Space

Per the Star Tribune Target will move out of approx 1 million SF of their Minneapolis office space.

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Returning to the Office Post-Covid19

The return of employees to their Minneapolis office space has been halting and difficult. Wells Fargo, Target, and other major employers have delayed their return to the office several times, telling its employees recently that they will continue to work remotely through the summer. Some companies are bringing some employees back in this summer, but don’t expect occupancy levels to change much any time soon.

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Air filtration in commercial real estate is suddenly a hot topic. Once COVID came and stayed, more people began to realize that good air filtration could mean the difference between sick and healthy, and in some cases, life and death. Offices, in particular, are a concern for companies looking to reoccupy their buildings and guarantee employees safety in terms of air quality. So if you are a building owner, what should you do?

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So perhaps it’s not exactly shocking to learn that working from home during the COVID-19 pandemic has had a positive effect on workers’ productivity, according to 54% of respondents in a recent survey of professionals ages 18-74. The reasons for this, they said, were time saved from commuting (71%), fewer distractions from coworkers (61%) and fewer meetings (39%).

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Most commercial, office, and warehouse leases include “force majeure” provisions that extend the time for a party to perform an obligation, or suspend the obligation, while there is a delay due to causes beyond the parties’ reasonable control.

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An interesting scenario regarding COVID-19 from the Wall Street Journal: The coronavirus goes on hiatus in late spring, cases begin to drop, States begin to re-open (including Minnesota), and social distancing eases. But many onetime office workers realize they have little interest in going back to the way things were. The age of the office as we know it is probably over, and the bell can’t be unrung. So how are things potentially going to change for Minneapolis office space users?

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One of the most obvious real estate impacts of COVID-19 has been the heavy hit retail property has been taking. Retail owners were already being described as facing an apocalypse thanks to eCommerce and that was before the new coronavirus swept across the country and began punishing even retailers who were relatively eCommerce-immune. So how does that effect Minneapolis Warehouse Space?

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