Would You Bet Against Jamie Dimon?
We are social creatures. While Mr. Dimon may be right about coming back to the office, I think the motivation will come more from human nature and the need to out-work the competition than a mandate.
We are social creatures. While Mr. Dimon may be right about coming back to the office, I think the motivation will come more from human nature and the need to out-work the competition than a mandate.
Landmark Advisory Services was founded in 2013 in Montreal, Quebec, Canada. However, Landmark’s heritage of representing commercial tenants goes back more than 30 years. We were rolled out of a property management firm that was representing private and institutional landlords while also representing tenants through an advisory division. As each business grew, they needed to be separated and so we were created in 2013 and subsequently the landlord management firm was sold to Colliers International.
Many companies are wondering if and how the office should be adapted to the new “working from home” (WFH) reality. To help answer these questions and more, Solved developed a workplace survey using their years of experience and insight into the current pandemic situation. Download the findings in this in-depth whitepaper.
Remote working is here to stay, and it will certainly become an integral part of the law firm work paradigm going forward. However, as law firms start to contemplate how this WFH trend will impact their office footprints in the future, they should be careful not to blindly follow what other industries are doing.
Before approaching their landlords, it’s critical that tenants first understand the landlords’ legal positions, the constraints they face and their perceived leverage under the circumstances.
Any contemplated change in design or layout by a tenant should account for the fact that, like the Spanish Flu of 1908, COVID-19 won’t be around for long. When it leaves, a company’s office design and configuration needs to make sense and needs to be cost effective. A blind rush to the latest and greatest could be very costly.
The same happens in commercial real estate. When one tenants moves out, another will be moving in. If the current tenant cannot vacate in time, that exposes the successor tenant who won’t be able to move in on time. One holdover begets another holdover. Luckily for the real estate world, these broken chains are usually few and far between and the impact can be mitigated through overtime workers, temporary space or even paying some punitive holdover rent. Now, however, we’re in completely unchartered waters.
Exis is excited to announce the addition of three new partners to add to our growing world presence: Benchmark Commercial (Denver), Landmark Advisory Services (Montréal and Calgary), and The Tenant Agency (Washington, D.C. – who replaced former partner The Ezra Company).
In October and November, over 60 Exis partner firm representatives gathered for Exis’s annual regional events: the North American Summit, held in Costa Mesa, CA in conjunction with the CoreNet Global North American Summit, and the European Summit, held in Amsterdam, Netherlands.