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Tech workers plan to head back to offices by Q3

first_img Commercial Real EstateManhattan Office Marketoffice marketRemote Worksavills Message* Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Email Address* But in recent months, more New York-based companies started to make future plans, said Zev Holzman, a Savills broker who often works with tech tenants.“I think companies are much closer to understanding what their future needs are,” Holzman said.One of those needs is work flexibility, according to the survey: 95 percent said flexible work arrangements and more remote working will be normalized.More specifically, 58 percent of respondents said their employees would be in the office at least three days a week, while 18 percent said their employees would be in the office at least two days a week. Only 4 percent said they expect their employees to be in the office five days a week.But a majority of companies — 61 percent — are still trying to figure out what workers’ flexible schedules might look like.The shift to working from home has also changed how companies think of full-time remote workers: 72 percent said they are now open to recruiting talent who will be remote workers, while 20 percent said they plan to continue to recruit employees only in the areas where they have offices.A flexible work arrangement, coupled with a continued need for social distancing, is likely to convince many companies to move away from the traditional assigned seating model; 59 percent said that is now less important. On the other hand, 67 percent said a “hoteling” model, in which employees reserve their desks in advance, will be more important as they design future offices.Fewer people working in the office could also mean smaller offices: 47 percent said they would need less space. But future office sizes could also be affected by added emphasis on collaboration spaces, whether they are conference rooms or informal breakout areas.“Company culture is really hard to foster and develop remotely,” Johnson said. Tech companies are so competitive for talent and rely on culture to help retain talent and attract talent. A decrease in seats per employee doesn’t necessarily correlate to a similar decrease in office space.”Contact Akiko Matsuda Share via Shortlink 58 percent of respondents said their employees would be in the office at least three days a week (iStock)By September, a slew of workers may be finally returning to their offices.That’s according to a new report by Savills, which surveyed more than 120 tech companies in March about their future office plans. More than 50 percent said they expect to be back in the office by the third quarter of this year. Twenty-four percent said they would be back by the fourth quarter, while just 11 percent said they wouldn’t return until the first quarter of 2022.“About six months ago, no one was ready to make any decisions whatsoever, because they had no idea when they would come back to the office or what that would look like,” said Savills’ senior director Peyton Johnson. She noted that as more Americans get the Covid-19 vaccine, companies are starting to get clarity around their future office plans.Until recently, office occupancy varied greatly by regions. Large metros where people rely on public transit lagged behind the cities where people drive to work.Offices in New York City and San Francisco, for example, have largely remained empty. As of last week, 15.4 percent of workers returned to work in New York City and 14.2 percent in San Francisco. That’s compared to Dallas, where 41 percent of workers returned to offices, according to Kastle Systems, which aggregates data from its swipe-card access systems.Read moreJPMorgan Chase will embrace “flexible” design for 270 Park HQNearly 70% of CEOs expect to downsize offices: KPMGOffice landlords, beware: More of corporate America is looking to reduce space Tags Full Name*last_img read more

Jerry Garcia’s Search For The Soul Of Americana With The Hart Valley Drifters

first_imgIt may seem odd that Folk Time, an album by a short lived bluegrass collective known as Hart Valley Drifters out of San Francisco in 1962, is getting breathless national coverage 54 years after the fact. The buzz makes sense when you hear one of the names involved… the fellow on the banjo and guitar named Jerry Garcia. For the countless fans of Garcia and the Grateful Dead, the recently unearthed music is a musical treasure chest of prototypical Americana exploration from their fallen idol. While the performances presented here are definitely raw and the bluegrass bonafides of the players questionable, the spirit of love for the material is not.Starting with band introductions, we meet the Hart Valley Drifters, a collection of college age friends that also includes noted Garcia collaborators, songwriter Robert Hunter and David Nelson of The New Riders Of The Purple Sage. Though all three would go on to make great strides in not just learning the “bluegrass and old-timey” music, as Garcia calls it in the intro, they were key in introducing the genre to a legion of new listeners through their work with The Grateful Dead. Their life long dedication to the form is what makes this snap shot into their earliest attempts at bringing the songs to life in a modern setting.Many of the tracks on Folk Time are traditional songs like “Roving Gambler” whose origins have passed into iniquity, though at the time they were receiving fresh interpretations by contemporary acts. The second track on the disc, “Ground Speed,” was also released the year before by the famed Flatt & Scruggs Band, and was surely heard by the avid music collectors in the band. Comparing the two contemporary performances reveals a lot of where Jerry Garcia was coming from, instrumentally at least, and where he wished to be.The late fifties and early sixties folk renaissance was the flip side of the surge in popularity of jazz music, another genre Garcia would come to embrace. While jazz featured free flowing musical experimentation that Garcia would later embrace, bluegrass is a music of structure and tradition. It is said that before one breaks the rules it is best to learn WHY the rules exist. Following that logic, Garcia’s work here putting in the due diligence, studying song craft, gave him the knowledge needed to explore the furthest reaches of his art with the surety that made him a such a trusted musical partner.In his work on the album on both guitar and banjo, Garcia shows flashes of the smooth runs and insightful ability to find the core of the melody he is playing. His fellow players are all up for the challenge, though their blended vocals seem to lack a certain comfort, likely due to their youth. A tentative nature seems to mark the instrumental performances on Folk Time as well, but the simple fact that they tried illustrates the timeless appeal of the music of the strings, prairies and mountains. What drew these eager young musicians into the art form is the honest simplicity that still exists to this day.With so many of the form’s greats alive at the time and putting out recordings that have moved on to be iconic versions, this album likely would have fared poorly if it had been released way back when. Now that it is in the hands of fans and students of Jerry Garcia’s work, Folk Time becomes a touchstone in his career, a bridge between where he was and what he eventually became, a many faceted voice that changed the world.last_img read more

Flood suburbs leaving rest of Brisbane in their wake now

first_imgFriends pitching in to save a home in Bulimba after flooding on January 13, 2011. Picture: Eddie Safarik/AFP. Top regions for affordable property Rental market tightens in Brisbane Brisbane’s most crowded suburbs Mr Peleg said the financial risk was now considered to be lower than before the 2011 floods.“That’s why we have insurance companies. And while they have revised their product offerings and premiums, which no doubt will be quite high, it is still possible to get insurance.”While Fig Tree Pocket reigned supreme (52.7 per cent), price growth was solid in 18 other suburbs including Bulimba (44.7 per cent), Yeronga (42.4 per cent), New Farm (40.5 per cent), Tennyson (40 per cent), Indooroopilly (39.8 per cent) and Windsor (38.8 per cent). Houses in the suburb of Yeronga submerged by flood waters on January 13, 2011. House price growth in the area has bounced back to outperform the rest of Brisbane. Picture: Jonathan Wood/Getty Images.BRISBANE suburbs devastated by record floods in 2011 have sprung back to beat the rest of the housing market, with one growing at double Brisbane’s five-year average.New analysis has found that in 19 of the 20 suburbs affected by floods, house price growth was now outperforming the rest of the Brisbane market.RiskWise Property Research found 95 per cent of the suburbs affected have gone on to deliver strong double digit capital growth over five years, with the top suburb Fig Tree Pocket notching a massive 52.7 per cent, double that of Brisbane 26.7 five-year average.RiskWise CEO Doron Peleg said demand for properties in those suburbs far outweighed any concerns over flooding — especially given 2011 was considered “a once-in-a-50-year event”.“That makes these homes a risk people are willing to accept.” Police patrolling flooded Fig Tree Pocket streets in 2011. Picture: Jono Searle.Also notching capital growth in the thirties were Hamilton (35.7 per cent), Norman Park (34.8 per cent), Corinda (34.7 per cent), Auchenflower (31.5 per cent) and Wilston (31.3 per cent).Only one suburb of the 20 was running below Brisbane’s 26.7 per cent five-year average, with Pinkenba sitting just half that pace on 11.8 per cent.Mr Peleg said the results defied post-2011 flood perceptions that the areas would see very poor capital growth and negative buyer reaction.“Our research has shown the reality is completely different and the demand for them has eclipsed the negative perception. This is because these high-flood areas are truly well located on the river which is in high demand.”He said some areas had also been rezoned which made them attractive to developers. House Price 5-Year Growth in 2011 Flood Affected Areas: Fig Tree Pocket (52.7 per cent)More from newsParks and wildlife the new lust-haves post coronavirus19 hours agoNoosa’s best beachfront penthouse is about to hit the market19 hours agoBulimba (44.7 per cent)Yeronga (42.4 per cent)New Farm (40.5 per cent)Tennyson (40 per cent)Indooroopilly (39.8 per cent)Windsor (38.8 per cent)Hamilton (35.7 per cent)Norman Park (34.8 per cent)Corinda (34.7 per cent)Auchenflower (31.5 per cent)Wilston (31.3 per cent)Fairfield (29.8 per cent)Kenmore (29.4 per cent)Herston (28.8 per cent)Albion (28.6 per cent)Sherwood (28.4 per cent)Milton (27.9 per cent)East Brisbane (26.8 per cent)Pinkenba (11.8 per cent) Source: Riskwise Property, CoreLogic Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 3:17Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -3:17 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels576p576p480p480p256p256p228p228pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenMichelle Hele’s May market wrap03:17last_img read more

Neymar wary of Messi threat

first_imgNeymar is not looking forward to facing Barcelona team-mate Lionel Messi when Brazil takes on Argentina in Beijing on Saturday.The two South American rivals will meet at the Beijing National Stadium this weekend for the first time since November 2012, with Neymar’s Brazil having picked narrow wins over Colombia and Ecuador since their World Cup campaign on home soil ended.Ahead of a fixture that will likely be treated more seriously than a standard friendly, Neymar warned of the threat Messi can pose.”Playing alongside him is a great honour; he’s the best player in the world,” he explained to reporters in the Chinese capital.”Playing against him is not pleasant.”We hope that he has a bad day and doesn’t see much of the ball. We all realise that we can’t give him time to think or start his mazy runs.”We basically can’t let him do anything, but we do have to win the game.” The fixture has attracted criticism in certain quarters for the amount of travelling required from the players.Neymar feels Dunga’s new-look Brazil squad are still in the process of adjusting as he attempts to rejuvenate the country’s fortunes in his second spell in charge.The 22-year-old is eager to spring what could be classed as a surprise result by winning the Superclasico de la Americas.”It’s difficult to say who is the favourite because Argentina have played together for some time and Brazil are reinventing the team,” he added.”They are two great teams who will do their best to win. I don’t know if they’re more favourites than us but if so I hope to surprise the world.last_img read more