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Previous segments of this blog series touched on the disconnect between workers and employers, the shifting priorities and values of the general workforce and the role management and leadership plays in DEI initiatives. In this final installment, we dive into what it will take for savvy companies to position themselves for success.
There’s no disputing that as an industry, commercial real estate lags in terms of diversity, equity and representation. It’s also undeniable that industry leaders have taken great measures over the past decade to catch up. Despite this, there’s plenty of room for improvement—especially for companies looking to retain and maintain a diverse, productive and satisfied workforce.
Welcome back to our series on diversity, equity and inclusion in commercial real estate. By now we’ve established that although conditions have improved, women and minorities are experiencing higher levels of discontent with their jobs. Many employers—both in and outside the industry—have caught on and have been taking steps to alleviate the pressures on their workforce.
Last week’s blog touched on the Americans’ approach to work, and where it fits in our daily lives, has evolved over the past several years. For many people, the mandatory hiatus from in-person work trigged a re-evaluation of the type of work they want to do and where they want to do it.
Are you looking to start a business or invest in a new market? Factors such as job opportunities, population growth, crime rates, housing affordability, quality of life, employment rates, higher education, and cost of living are crucial when choosing a new market to invest in as a business owner, tenant, or property owner. Additionally, it’s important to consider what’s driving growth in certain markets and why people are moving to or from other areas. In this article, we explore the hottest markets right now, what growth we are seeing in these popular areas, and the role higher education plays on a successful market.
I’ve always enjoyed a good debate, conversation, or negotiation. I started honing my negotiation skills at a very young age, thanks to my mother. She would offer me a cookie and I would counter-offer by asking if I could have four or five. She would say “Why don’t you start with one or two?” In my mind I just got her to double her initial offer! I would often end up with three cookies in exchange for being a happy child, and a promise to eat my dinner. A 300% increase from the initial offer and more than enough to satisfy my desire. Now, I find myself negotiating in so many aspects of my real estate career. It is not just the price of a property for my client nor the time frame it will take to close—the negotiations include: listing agreements, lease terms, contingencies, repairs, inspections, personal property, tax prorations, build-out costs, rent commencement dates, asking price, personal guarantees, and cost-sharing, just to name a few. Over the years, I have learned many traits of a good negotiator and skills to help my clients reach their goals.
The franchise model is not just a pathway to connections, it can be a foundation to long-term growth and competitive advantage. The appeal of joining a larger organization is typically rooted in a number of factors that range from building a pipeline of business within a network and collaborating with commercial real estate experts across the country to tapping into new resources and tools while capturing the benefits found under the banner of a larger brand family.
If you spend any time at all talking about networking technology, it’s nearly impossible to avoid talking or hearing about the cloud. But how much do you really know about the cloud? Have you implemented cloud technology into your business model yet? Don’t worry, if your business hasn’t made the jump to cloud-based technology, you’re not alone. If you’ve been thinking about moving to the cloud, here are # things that you should consider before making the switch.
As the COVID-19 outbreak continues to change our daily lives, it is crucial to keep yourself equipped with tools and strategies to help keep your business moving forward. As the impact of the pandemic continues to intensify globally, it is important that teams are managed well and that there is effective communication during these challenging times. Maintaining levels of productivity, collaboration, and learning among teams is important to keep business going as usual.
As many states begin setting schedules for lifting their COVID-19 related shelter in place orders, businesses across the United States are beginning to think about what that means for the business. Make no mistake about it: experts predict that the world will never be the same again after this pandemic. In many of the same ways that 9/11 shaped the ways in which the world travels, this pandemic will shape the ways in which we work.