Living With Variants, Hotel Records, Inflation: CRE Leaders Make 2022 Predictions

Office landlords will invest in hospitality-focused office renovations to lure employees back to the office. Connell Co. Executive Vice President Shane Connell: Nearly two years into the pandemic, employees across the nation have become accustomed to working remotely and many are still hesitant to return to traditional office settings, having grown accustomed to working from the comforts of their homes. However, studies are showing that the remote workforce is also longing for social interaction as they’ve been isolated from their colleagues for the past two years. As the office sector continues to be shaped by employees’ evolving preferences, workspaces need to be flexibly designed to not only inspire the creation of great work but also connection, creativity and energy. We predict that in 2022 more commercial real estate owners in New Jersey will add coworking uses and amenities to their buildings to help companies entice employees back into the office.