Loadshedding leads to a shift in commercial real estate: How power outages are reshaping the future of the office space market
Loadshedding leads to a shift in commercial real estate: How power outages are reshaping the future of the office space market Loadshedding – the word that strikes dread into the hearts of South Africans trying to work from home.
While Covid-19 forced many companies to embrace remote work, with thousands of businesses opting for this alternative, the disruptions caused by loadshedding are now forcing companies to reconsider their stance on remote work, with many opting to bring their employees back into a more formal in-office arrangement – not because remote working isn’t effective, but because loadshedding is having a devastating effect on productivity.
Loadshedding has highlighted the importance of a reliable work environment, and as a result, many companies are now looking to bring their employees back to the office, where they can work in a stable and supportive environment.
Good news for the commercial real estate market This is good news for the commercial real estate market. As more people look to return to the office, with its uninterrupted power supply, the demand for office space has increased. But this also calls for a change in the way things are done.
Benefits of office working during loadshedding. Commercial real estate companies are revising their business strategies to attract more tenants back to the office. They’re offering a range of amenities that aren’t available at home, such as high-speed internet, back-up power generators, and access to essential resources. This has led to a new era of innovation in the commercial real estate industry, with companies seeking to create more attractive and functional office spaces to meet the needs of the modern workforce.