In the early stages of the Covid pandemic, commercial real estate industry experts predicted that businesses would increasingly move toward a hub-and-spoke office model.
Many employees had moved away from central office locations—large urban hubs—so they reasoned that companies would shrink their hubs and grow their spokes. It may not be working out that way, though, if new research by JLL holds up.
According to JLL analysis, investment is increasingly moving back to the hub, with less going into the spokes. Employees seem to be happy with working at home or going to flex workspaces. So, companies are questioning the role of their central offices, and looking at how they can make it worthwhile to commute to the central office. That seems to be translating into upgrades for hub offices to accommodate collaboration and meetings—the activities in which hubs excel.
Companies headquartered in large metro areas that have clusters of employees living in outlying areas may still embrace the hub-and-spoke model, according to JLL.
Related Stories
| Mar 21, 2012
10 common data center surprises
Technologies and best practices provide path for better preparation.
| Mar 20, 2012
New office designs at San Diego’s Sunroad Corporate Center
Traditional office space being transformed into a modern work environment, complete with private offices, high-tech conference rooms, a break room, and an art gallery, as well as standard facilities and amenities.
| Mar 16, 2012
Temporary fix to CityCenter's Harmon would cost $2 million, contractor says
By contrast, CityCenter half-owner and developer MGM Resorts International determined last year that the Harmon would collapse in a strong quake and can't be fixed in an economical way. It favors implosion at a cost of $30 million.
| Mar 14, 2012
Plans for San Francisco's tallest building revamped
The glassy white high-rise would be 60 stories and 1,070 feet tall with an entrance at First and Mission streets.
| Mar 13, 2012
China's high-speed building boom
A 30-story hotel in Changsha went up in two weeks. Some question the safety in that, but the builder defends its methods.
| Mar 13, 2012
Worker office space to drop below 100-sf in five years
The average for all companies for square feet per worker in 2017 will be 151 sf, compared to 176 sf, and 225 sf in 2010.
| Mar 12, 2012
Improving the performance of existing commercial buildings: the chemistry of sustainable construction
Retrofitting our existing commercial buildings is one of the key steps to overcoming the economic and environmental challenges we face.
| Mar 7, 2012
Firestone iPad app offers touch technology
Free app provides a preview of Firestone’s Roots to Rooftop Building Envelope Solution with an overview of all the products from ground and stormwater management solutions, to complete wall panel and commercial roofing system applications.
| Mar 6, 2012
Gensler and Skender complete new corporate headquarters for JMC Steel in Chicago
Construction was completed by Skender in just 12 weeks.