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Don’t Ditch The Lease! (Part 1)

Productivity

The pandemic stay-at-home orders that emptied office buildings have many employers questioning their future square-footage needs. As businesses struggle through 2020, the lost benefits of having employees gathered in a single environment are becoming clearer, especially in terms of productivity.

Employee homes and apartments were never designed as work spaces. All of life’s distractions are within a 20-step distance in the typical residence. That COVID-19 weight gain? It happened while employees were working from home and making frequent trips to the kitchen. While offices may also have their distractions, removing employees from the focus-draining conditions in their homes allows them to fall into “the zone,” where they do their best work.

All business leaders should carefully consider how to enhance their productivity zones as workers return to the office because—for many employees—the zone is not at their kitchen table.

Collaboration

The pandemic has thrust business owners into survival mode, forcing them to slash budgets and allow staff to work from home. Months into this crisis, the cost of having a dispersed workforce includes a diminished ability to collaborate.

Most businesses can’t succeed unless their employees work together effectively. Collaboration is built through workplace relationships, which tend to breakdown when workers are remote. The simple act of two or three employees sitting down for coffee or lunch strengthens workplace bonds and enhances collaboration.

For more than a century, companies relied on face-to-face collaboration to achieve business strategies. As questions arise about the future of the office, executives must look beyond real estate costs and carefully consider how their organizations’ ability to collaborate will be affected by remote working.

Creativity

Working from home is not a replacement for the office. In fact, it’s becoming clear that businesses across many sectors need congregated employees to remain creative.

Great ideas might emerge during online meetings, but those flashes of inspiration might occur more often when a couple of employees bump into each other by the office coffee machine. Anyone who has ever sat in a room full of excited employees knows that the best brainstorming happens when people are together in a room, riffing on each other’s contributions.

Creativity is essential to innovation and new ways of doing businesses. Often, it is casual conversation amid cubicles or in the break room that lead to revolutionary ideas. A business owner must consider the risk to their company’s wellspring of creativity when weighing the value of office space.




About Simone Health

Simone Health Medical Office Developers are full-service real estate investors specializing in the acquisition and development of office, retail, industrial and healthcare properties in the New York tristate area. Headquartered in the Bronx, the privately held company owns and manages more than 5 million square feet of property in the Bronx, Westchester County, Queens, Long Island, Connecticut and New Jersey. The company's portfolio includes more than 100 properties and ranges from multi-building office parks to retail and industrial space. The largest and most successful development from Simone Health is the 42-acre Hutchinson Metro Center office complex located directly off the Hutchinson River Parkway in the Pelham Bay section of the Bronx. The first two phases of the complex, which comprise nearly 750,000 square feet of Class A office and medical space, are fully leased. Two additional phases totaling 650,000 square feet (370,000-square-foot Metro Center Atrium and 280,000-square-foot Tower Two), are completed and fully leased.



About Simone Development Companies
Simone Development Companies is a full-service real estate investment company specializing in the acquisition and development of office, retail, industrial and healthcare properties in the New York tristate area. Headquartered in the Bronx, the privately held company owns and manages more than 6 million square feet of property in the Bronx, Westchester County, Queens, Long Island, New Jersey and Connecticut. The company’s portfolio includes more than 100 properties and ranges from multibuilding office parks to retail and industrial space.
Joe Simone - President - Simone Development
Joe Simone, President, Simone Development
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