The economy and working environments are currently changing rapidly. In order to remain competitive in the face of structural change, companies and regions must also massively advance the transformation of the real estate economy. The speed of transformation in real estate resources is currently still too slow in both research and practice. Therefore, in this Special Issue of the Zeitschrift für Immobilienökonomie (German Journal of Real Estate Research), the following 4 articles discuss the potentials and hurdles of adapting real estate resources to the changing world of work with its transformation of working environments.
From the perspective of corporate real estate management, Höcker et al. (2022) use empirical data to explain which clusters of the office workforce are more or less successful at working from home. In addition, they show the determinants to successfully adopt work from home in corporate environments.
The study from Voll et al. (2022) goes deeper into the interrelationships of work from home. They analyse the impact of the physical working environment at home on productivity using the Environmental Demands—Resources model. Therefore, the paper shows which of the four included demands and resources (isolation, family–work interference, equipment/facilities, and building) have an impact on employee burnout and satisfaction, and how this impact affects employee productivity.
Work from Home also has an impact on the space and investment markets, primarily through changes in demand structures. The article by Morawski (2022) shows the impact of Work from Home on European rents and vacancy rates.
Kämpf-Dern and Will-Zochol (2022) show that the changes in the physical working environments of companies are highly complex processes. In their paper, they develop a concept of what an implementation process should look like that, beyond building planning, also efficiently aligns the social and management-oriented parameters of work environments in particular.
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