HYBRID IS THE NEW NORMAL IN THE OFFICE ENVIRONMENT

First, what has changed, specifically in the Twin Cities office market. The primary change is that allowing for a hybrid workforce is here to stay for the foreseeable future. Through the pandemic, employees and corporate leaders have learned that the workforce can be effective with certain types of work while working from home or a remote location. Most employees prefer at least some form of a remote work experience. Finding the right balance between having happy employees and training new or inexperienced employees to get the work completed professionally and on time is an ongoing challenge. Transparent communication between employer and employee about what is expected has been the most effective outcome.

The most active office buildings in the Twin Cities are typically the best located, highest quality offerings that will be more expensive, but offer the most in terms of culture, creative amenities, and professional management services including a more “hospitality-focused” environment like a high-end hotel might offer. Many companies are taking less space but are considering more expensive options to lure employees back to the office.  Over the next 3 years, the office market will continue to evolve into the new normal.