The cost of replacing an employee is higher than ever — up to 33% of a person's salary! At the same time, 1 in 4 people have left a job because of the terrible commute. Because of these trends, companies are trying to make the commute more flexible to attract higher talent. College graduates and young professionals are taking advantage of this when it comes to where they live, with the ability to find a place farther from the office and seek out alternatives to a traditional commute.
Across the US major cities, even retail paradises like New York, have been putting up more and more "Retail Space for Lease" signs than ever before. There may be an answer for this issue that can also double as a solution for the urban housing crisis.
Queens became a real estate paradise overnight when Amazon announced that half of their new headquarters would be located in Long Island City. But, in a shocking turn of events and much to St. Valentine's dismay, the major corporation decided to pull out of their cozy new digs leaving hundreds of New Yorkers celebrating.
Your building doesn't have to be constructed in the past five years to be modern and engaging with residents and perspective residents. Modern spaces at your property will help you stay competitive in a changing landscape.
The standard of job applicants having to bend over backwards for a position aren't long gone, but are definitely being challenged. This can be seen as more and more companies start to find ways to accommodate the talent they seek.
Making life at your property easier means that you can increase resident retention while showcasing some of the best amenities that can keep you head-to-head with your competition.
Topics: Real Estate