THE FUTURE OF WORKPLACE

Through our proprietary Experience per Square FootTM (XSF) tool, Cushman & Wakefield has captured more than 2.5 million data points from workers all over the globe in the pre-COVID-19 era and a further 1.7 million data points from more than 40,000 respondents in the current work from home environment.

Our workplace specialists analyzed this data to develop a report on the future of workplace, which gives you an inside look at the unrivaled insights into how employees are coping right now – identifying their key successes and critical challenge. With this data, Cushman & Wakefield has developed a report that provides insight into the future workplace.

Key learnings:

  1. Productivity can occur anywhere, not just at the office:
  • Pre-COVID-19, remote workers were more engaged and had a better workplace experience than office workers
  • During the pandemic, effective team collaboration has reached new heights, through better leverage of remote collaborative technology, and the ability to focus was upheld
  1. Flexibility and choice to work from anywhere is accelerating
  • 73% of the workforce believes companies should embrace some level of working from home
  • Human connection and social bonding are suffering, impacting connection to corporate culture and learning
  • Younger generations are reporting more challenges working from home
  1. The new normal will be a Total Workplace Ecosystem:
  • The workplace will no longer be a single location but an ecosystem of a variety of locations and experiences to support convenience, functionality and wellbeing
  • The purpose of the office will be to provide inspiring destinations that strengthens cultural connection, learning, bonding with customers and colleagues, and supports innovation
  • Current footprint sizes will remain steady, balancing social distancing’s relaxing of space density with less office space headcount demand in the new total workplace strategy

Are you prepared to return to the workplace post-COVID-19? 

Download the report 

JUST RELEASED! RECOVERY READINESS: A HOW-TO GUIDE FOR REOPENING YOUR WORKPLACE

As areas stabilize from the COVID-19 pandemic and stay-at-home restrictions are lifted, organizations will begin to bring workers back into the physical workplace. It’s already begun in some parts of the world. In fact, as of April 2020, we have helped move our own employees, and those of our clients, back into more than 800 million square feet of properties globally.

The “Recovery Readiness: A How-to Guide for Reopening your Workplace,” outlines some of the best thinking and practices that our more than 53,000 professionals have compiled across the globe and also includes insights from key partners. The recommended practices and protocols already have been implemented at locations across the globe with tremendous success.

Click here to learn more.

MSP Advisory Services Team Lists Former TCF HQ Building for Sale in Wayzata

The MSP Advisory Services Team is marketing for sale the TCF Bank headquarters building in Wayzata near the shore of Lake Minnetonka.  The 53,000 square foot, castle-like building no longer serves as a headquarters for the bank, which merged with Detroit’s Chemical Financial Corp. in 2019.  Many employees have already relocated to other sites in the metro area.

Click here to read the recent article featured in The Minneapolis/St. Paul Business Journal.

C&W Represents Ameriprise in Sale of Chaska Property

Ameriprise recently sold the Oak Ridge Hotel & Conference Center and adjacent 123 acres of land in Chaska, MN, near the Hazeltine golf course.  Amerprise was represented by Cushman & Wakefield in the transaction.

The property was acquired by Bobby Atkinson, a local real estate veteran, for redevelopment purposes.

Click here to read the recent article featured in The Minneapolis/St. Paul Business Journal.

Cushman & Wakefield Offers TIES Properties For Sale

Rare Investment, Adaptive Re-Use Properties Available For Offers Starting June 1

Paul Donovan, Jaclyn May, Jeremy Striffler of Cushman & Wakefield’s Minneapolis-St. Paul office are accepting offers for the properties at 1667 Snelling Ave. N. in Falcon Heights, a rare investment, redevelopment or adaptive re-use opportunity, beginning immediately.

The Cushman & Wakefield team is representing TIES, a Minnesota-based educational technology solutions collaborative owned by 48 member districts, in the disposition of the properties in Falcon Heights, on the southwest corner of Snelling Avenue and Larpenteur Avenue West.

“1667 Snelling represents a quality investment or redevelopment opportunity for the right buyer,” said May. “The property is in an exciting location and presents a multitude of possibilities for its next owner.”

The site is rich with history and unique character.  The property served as an office for the Farmers Union Grain Terminal Association and opened in January of 1947.  The GTA was an outgrowth of earlier organizations, including the Equity Cooperative Exchange (former 1908), the St. Paul Grain Exchange (1914), the Farmers Union Terminal Association (1926), and the Farmers National Grain Corporation (1930s).

The properties are set across three-parcels and include a four-story former office building and data center, and a skyway attached conference/event center. The 106,404-square-foot (sf) main office building was constructed in 1946/1957 and the 55,084-sf conference center was built in 2015. The site totals 6.4 acres, including some undeveloped land to the west of the buildings.

The TIES campus is mere blocks north of the Minnesota State Fairgrounds and Como Regional Park, and are within miles of the future site of Allianz Field, the booming Prospect Park neighborhood and the University of Minnesota.

Offers for the TIES properties are due to Cushman & Wakefield by July 31.  Requests for the Offering Memorandum can be made to Jeremy Striffler at 612-305-2108 or Jeremy.Striffler@cushwake.com.

JACLYN MAY DISCUSSES TWIN CITIES OFFICE MARKET

Jaclyn May, a senior member of Cushman & Wakefield’s MSP Advisory Services Team, discussed Twin Cities office market conditions in an article recently published by Twin Cities Business. Click here to read the article, entitled “Office Vacancies on the Rise”, which addresses the challenges associated with finding quality office space in today’s market despite higher vacancy levels in some submarkets.

MSP Advisory Services Team helps Collabera Expand Minneapolis Office

Cushman & Wakefield MSP Advisory Services Team represented Collabera Inc. in a five year lease of 4,251 square feet at Fifth Street Towers, 100 South 5th Street, Minneapolis, Minnesota.  Fifth Street Towers Properties LLC was the Landlord.  The new office location allowed Collabera to expand its Minneapolis footprint to accommodate its growth and future plans in the Twin Cities.

Collabera is ranked among the top 10 Information Technology (IT) and professional staffing firms in the U.S., with more than $600 million in sales revenue and a global presence that represents approximately 15,000+ professionals across North America, Asia Pacific and Europe. They support their clients with a strong recruitment model and a sincere commitment to their success, which is why more than 90% of their enterprise clients rank them amongst their top three staffing suppliers by performance.

Lindquist & Vennum Named One of Seven Top Workspaces

Congratulations to Lindquist & Vennum for earning a spot on The Minneapolis/St. Paul Business Journal’s “Coolest of 2017 Cool Offices:  Seven Top Workspaces”.  The MSP Advisory Services Team represented Lindquist & Vennum in its relocation within IDS Center.

LONG TERM CARE GROUP EXTENDS LEASE IN WOODBURY

Cushman & Wakefield MSP Advisory Services Team represented Long Term Care Group in a five year lease extension of 56,311 SF of office space at Hudson Road Technology Center, 7805 Hudson Road, Woodbury, Minnesota.

Long Term Care Group is a leading provider of business process outsourcing for the insurance industry. The nation’s largest insurers rely on Long Term Care Group’s unparalleled expertise to help manage their complex long term care portfolios and maximize their financial performance. They provide advanced risk management insight built upon their unique and proprietary long term care underwriting and claims databases. They also offer a full spectrum of support services ranging from application processing and underwriting to care management and in-home assessments.

MSP Advisory Services Team Helps Alliance Game Distributors Open Sales Office

Cushman & Wakefield’s MSP Advisory Services Team represented Alliance Game Distributors in leasing 2,837 SF of office space at Winsor Office Plaza, 1935 County Road B2 W, Roseville, MN. 724 Associates, LLLP was the Landlord. This will be their first sales office in the Twin Cities.

Alliance Game Distributors is a recognized leader in the gaming industry, offering an exceptional range of services and programs to our customers. They specialize in the distribution of board games, card games, miniatures, role playing games and thousands of gaming tools and accessories. With 5 warehouses across the country, they work with over 250 vendors to provide a large variety of games to retailers around the world.