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More Office Space Removed Than Built in U.S. for First Time Since 2000

Allwork

Both new builds and conversions are being held back by high interest rates, rising construction costs, and overall market uncertainty. Whelan said downtown areas are shifting toward mixed-use development, as cities aim to bring more retail, restaurants, and housing to their cores.

2018 275
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Dublin WeWork Location Boasts Rooftop Restaurant, 50% Occupancy at Opening

Allwork

Additionally, a rooftop restaurant offering 360° panoramic views of the city adds a touch of luxury. The company also states it has successfully amended over 170 office leases and exited 160 locations , contributing to a projected $12 billion reduction in future rent costs globally.

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Retailers Reluctantly Raise Pay As Wage Growth Expands In Japan

Allwork

UA Zensen, a group representing retail, restaurant, textile and other industry unions, is seeking wage hikes of 6% for full-time workers and 7% for part-timers for 2025, outpacing the baseline 5% target set by Rengo, the nation’s largest union. .” At Life, labour costs rose 7.9% and net profit fell 3.4% billion yen ($270.6

2025 260
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How Happier Employees Give Your Bottom Line a Boost

Success

Determine the financial costs and benefits associated with the strategies used in Jackson’s Win-Win Workplace framework, which focuses on centering employee needs and creating an equitable work environment. Second, it kept turnover low and saved on hiring and training costs. Their goal? First, it kept production going.

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Tourism Decline Threatens Over 230,000 U.S. Jobs

Allwork

The downturn, driven by trade policies, travel restrictions, and concerns over social issues, is set to cost the country $12.5 Limited-service and full-service restaurants are projected to lose more than 40,000 jobs combined. billion in tourism revenue this year, according to LinkedIn News. Secondary industries are also at risk.

Travel 215
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Want To Work At The Ritziest Coworking Office In The World? It’s Going To Cost You

Allwork

How much will a membership cost? The average coworking space in New York costs anywhere from $300-400 per month for standard office space to upwards of $3,500 per month for more exclusive space. With the launch date rapidly approaching, the results of this high-cost, experimental coworking space remain to be seen.

2023 290
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The Rise of Coworking and the Variable Cost Economy

Small Business Labs

Coworking turned a fixed cost (long term lease) into a variable cost (month to month membership).    We've long considered the shift to variable costs to be a key megatrend of the new economy. The shift to variable costs continues to be a megatrend.   Consumers are also avoiding fixed costs

2007 178