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D.C. Faces $800M Budget Shortfall As Remote Work Leaves Government Buildings Vacant

Allwork

By using cellphone data, an independent agency known as the Public Buildings Reform Board (PBRB) revealed that, on average, federal agencies only used 12% of their headquarters space in the nation’s capital last year. will face an $800 million budgetary deficit for the fiscal year 2025.

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Unprecedented Levels of Federal Office Space Underutilization Raise Concerns

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federal agencies only used 12% of their headquarters space in the nation’s capital last year. could face an $800 million budgetary deficit for the fiscal year 2025. As remote work becomes more entrenched and businesses adapt to evolving market conditions, commercial markets are likely to undergo further transformations this year.

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New Bill Would Effectively Kill Remote Work For Federal Employees

Allwork

which estimates the city faces an $800 million budgetary deficit for the fiscal year 2025. A report last month revealed a drastic decrease in physical office presence in Washington D.C.,

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New York City Tests Four-Day Workweek Pilot for City Employees

Allwork

The pilot program introduces the concept of a “compressed workweek,” allowing New York City agencies to schedule eligible employees for four-day workweeks, or a combination of four- and five-day weeks. The approach was designed to ensure employees continue to work the same number of hours as in a traditional five-day workweek.

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Pittsburgh Office Market Shows Signs of Recovery Four Years After COVID-19

Allwork

federal agencies only used 12% of their headquarters space in the nation’s capital last year. could face an $800 million budgetary deficit for the fiscal year 2025. Pittsburgh’s downtown could be on the road to recovery; however, it is very unlikely that the city’s office space usage will return to pre-pandemic levels.

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This Firms Claim They’ve Mastered The Four-day Work Week

Allwork

Edinburgh-based food and drink marketing agency Lux decided to test a four-day working week back in January 2020. . Since the agency first started the trial, Lux’s profits rose 30%, while productivity was up 24%. s annual carbon footprint by 127 metric tons. .

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Lease cycle means West End office market will ‘reset’ by 2025

Workplace Insight

A BNP Paribas Real Estate analysis claims that London’s West End office market is on course to ‘reset’ by 2025 following a major leasing event cycle commencing in 2023, which will see a flurry of renewals, expiries and break clauses executed by both landlord and tenant, which will alter the market as we know it by the milestone year.

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