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May 28, 2020

How Bethesda’s Development Boom Could Be Impacted By The Pandemic

[Webinar] What Will Reopening Mean For Each Asset Class? Find Out At Beyond The Crisis: Rebuilding With Jeff Blau, Richard Mack & Simon Ziff June 3

Cranes have lined the Downtown Bethesda skyline in recent years as developers build a wave of new office, multifamily, hotel and retail projects. But now, with a pandemic and economic downturn, those developments will deliver into a market that looks starkly different from when they broke ground. 

How Bethesda’s Development Boom Could Be Impacted By The Pandemic

The region is now starting to allow businesses to reopen in a partial capacity, and Montgomery County Executive Marc Elrich announced Thursday that the first phase of reopening will begin the morning of June 1. The first phase will allow restaurants to begin outdoor…

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Montgomery County Businesses And Organizations Do Their Part To Combat Coronavirus

Montgomery County Businesses And Organizations Do Their Part To Combat Coronavirus

As cities and states across the country begin to relax coronavirus protocols, Montgomery County has remained cautious and focused on the health of the community. Though Maryland Gov. Larry Hogan and Virginia Gov. Ralph Northam launched reopenings of their states on May 15, Montgomery County, Maryland’s most populous, chose instead to…

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In Case You Missed It: Top Stories About Montgomery County

In Case You Missed It: Top Stories About Montgomery County

1. Montgomery County leaders continue to mull reopening measures as Gov. Larry Hogan lifts Maryland’s stay-at-home order. 2. A Bethesda family real estate company that has been in existence since World War II has a new CEO and its sights set on a new project. 3. A trio of companies…

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Here's How Offices Of The Future May Compete With Remote Work

Before the coronavirus stormed workplaces worldwide, the office sector had hummed along relatively unchanged for much of the past several decades.

Before the pandemic, about 10% of workers able to work remotely did so full time, and an additional 20% did so some of the time, according to Gartner. Now, chief financial officers the company surveyed indicate 19% of workers will go remote full time and 29% will go remote some of the time. 

In part, that change is also a result of workers' preferences for flexible work. Only 15% of workers want to work from the office full time, according to a survey conducted by CommercialCafé.

Now, months into a pandemic, commercial landlords are tasked with trying to lure companies permanently back from what has been, at least for some, a surprisingly successful experiment in remote work. Some may not be able to bring people back to their current properties. Those that do must reorient around helping foster collaboration, building company culture and boosting talent recruitment for occupants, experts told Bisnow.

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Bisnow Readers Split On Work From Home's Future

 

Almost a third of Bisnow readers surveyed say they expect to shrink their company's office footprint post-pandemic, but 45% said the amount of space they currently have will remain unchanged.

Eight-hundred seventy-seven people responded to a Bisnow online poll between May 19 and May 27. Questions ranged from readers' thoughts on working from home and how remote work might change with a worker's life stage to how flexible office options attract talent.

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