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Commercial Real Estate After the Pandemic

Reimagining the Role of Offices

 

“I wish I could spend more time with my family” has been the heart’s desire for many parents in the workforce for decades. Commute time back and forth to work, along with long hours, was generally the reason for their heart cry. If there was one silver lining to be thankful for within the challenging pandemic season during 2020, it was the gift to working parents of being able to stay home and spend time together in between completing their professional responsibilities.

As companies across the globe began initiating “home office” operational processes during the Spring of 2020, everyone was forced to learn how to do what they were paid to do in a new way. Now, almost a year later, 2021 has begun with many companies opting to keep their teams virtual because they see the benefits of doing so on their bottom line.

This business trend has significantly affected the commercial construction industry. According to an article from Construction Executive, “After a record year in 2019, the amount of U.S. office space under construction fell by 5.4 million square feet in Q1 2020 to 155.7 million square feet. For contractors, these unknowns are forcing them to reevaluate future construction projects, as well as timelines on ongoing projects.”

All construction companies have had to revamp many operational procedures since last year to align with Covid-19 guidelines. These alterations affected budgets, timelines, workflow, crew scheduling, and so many other aspects of construction projects. Even once normal full-scale renovation cycles for commercial companies are being reevaluated or put off entirely during 2021 for all kinds of reasons.

Many companies are only using their office space for collaborative and brainstorming meetings, opting for home offices to be the main location for day-to-day work activities. Other companies are looking at adding or re-working outdoor space to make it safe for their employees to work on-site during warmer months. Another new procedure is the establishment of team pods to reduce Covid-19 exposure amongst the whole company when working in person together.

As everyone begins to re-imagine the role of offices, and make final decisions about how their teams will work remotely and onsite from 2021 and beyond, it’s a sure bet that many working parents will get their wish: A home office or a remote working schedule of some sort to allow them to have more time with their family.

To read Construction Executive’s article in full about the current commercial construction industry challenges, new office design trends, and how the industry can move forward after the pandemic, click here.

If you are a hotel owner or General Manager considering a renovation project in the near future, don’t hesitate to send us a project bid or contact us to learn more about how we make every project a Partner Grade Experience for our clients.

About Triple Crown Construction:

Founded in 1991, Triple Crown Construction built a reputation for itself as a reliable partner in the hospitality and commercial construction industry by understanding and delivering on its partners’ expectations. Based in Frederick, Maryland, Triple Crown Construction strives to approach each and every project with the goal to deliver quality, service, and value, and is committed to raising the standard of excellence in all areas of its work. The company operates with a family mentality, a commitment to the greater community, and a desire to work with those who aim to improve their customers’ experience.

 

 

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About Triple Crown Construction:

Triple Crown Construction is a Partner-Grade provider specializing in pre-construction, commercial construction and hospitality renovation. This allows you to focus on driving revenue while we focus on your construction projects.

Since 1991, TCC has provided expertise in delivering successful turnkey solutions to its clients across the nation. Efficient processes and cutting-edge technology has enabled TCC to maximize client value while minimizing project pitfalls. A core team of Estimators, Project Managers and Superintendents provide guidance and support to a network of TCC Certified subcontractors. Nestled in picturesque Frederick County, MD, TCC is an active member of the community, routinely participating in local events and charity programs.

We are Partner-Grade™
Partner-Grade is a shared commitment to and investment in our Client-Partners’ interests. We offer confidence through knowledge in the construction process, turnkey projects and a solution-oriented approach. Our brand virtues of efficiency, clear communication and providing an excellent customer experience are at the core of every project. Can you afford to work with a firm that’s not “Powered by Partner-Grade?”

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