Reimagining Office Development: Renovations or Construction?

According to a recent CoStar Group analysis, older office buildings, even those considered commodity Class A, are facing tough times when it comes to keeping their spaces filled. These buildings are struggling to replace tenants who move out, as more companies are opting for new constructions instead. What used to be a reliable solution—renovating older buildings to attract tenants—isn’t working as well as it once did.

This situation puts owners of older buildings in a tough spot. They might consider investing in renovations to compete for top-tier tenants, but there’s no guarantee it’ll pay off. CoStar’s data suggests any gains from such investments could be short-lived, and the return on investment might not be as strong as it used to be.

Investing in workplace nutrition programs can address a range of issues. Providing nutritious food options, offering nutrition education, and promoting healthy eating habits can boost employee morale, productivity, and overall performance. These programs demonstrate a company’s commitment to employee wellbeing, making it more attractive to health-conscious professionals and helping to reduce turnover.

Multiple generations, women, people of color, and individuals with disabilities are working side by side more and more. To attract and retain this diverse talent, creating inclusive workplace environments is essential. Inclusive design involves ensuring all voices are represented in the planning process and offering accessible, flexible spaces that accommodate different needs. Solutions include clear signage, quiet areas, adaptable workspaces, and movement-friendly designs. By embracing these practices, organizations can create welcoming environments where everyone feels supported and valued.

Learn more about building an office for diversity here.

The Coca-Cola HBC headquarters in Warsaw is a vibrant space that perfectly captures the brand's iconic spirit. Designed by BIT CREATIVE, the office spans over 59,000 square feet and brings together industrial elements with Coca-Cola’s signature colors and imagery. The result is a lively, modern workplace where every corner reflects the brand's identity.

From the creative use of bottle-shaped handles to light fixtures made from glass bottles, the design is both playful and sustainable. Employees enjoy flexible, quiet spaces for focused work, while themed meeting rooms add a unique, fun touch—each one reflecting a different Coca-Cola brand. It’s a space where the Coca-Cola vibe is felt everywhere, making it an inspiring place to work.

See the office and full article here.

Hyundai Motor Company is making a big move by taking up 19 floors in two WeWork locations in Seoul. They've secured a total of 77,700 square feet, giving their employees more flexibility in where they work. With 1,000 WeWork All Access passes, Hyundai's team can now work from any WeWork spot around the world, showing just how much flexibility is becoming a key part of modern work culture. This shift isn’t just about convenience; it’s a sign that even traditional industries like auto manufacturing are embracing more adaptable and employee-centered work environments. This move by Hyundai also highlights how flexible workspaces are shaping the future of work, helping companies stay resilient in a fast-changing world.

Find the full article on All Work.