Return to the new normal

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COVID-19 has made a major impact on a global level, as business operations resumes, it is an opportunity to review, rethink, reposition and redesign our workplace.

In recent years, companies started to implement environmentally friendly and cost efficient designs. Promotion of staff interactions at office and team building as well as hot desking and sharing of work space was another important trend to maximise use of office space Now with COVID-19 pandemic, companies will have to prioritise:

  • Staff wellbeing and safety at office including social distancing

  • Sustainability for work from home strategies

  • Technology to support remote working


Companies must now make rapid decisions and changes, adapt and upgrade office infrastructure for their staff to work from home where possible in order to look after staff and sustain business operations and survive going forward. Some considerations companies must now take into account in their planning are:

  • Feedback from employees on working from home

  • Provide staff flexible work arrangements such as staggered work days/hours, work from home and hot desk arrangements at office

  • Technology to provide staff mobility and seamless connectivity between off site staff and office

  • Benefits in office cost savings

  • Maximise and leverage on market situation to negotiate with landlord new contract with improved terms

Companies are now facing a significant number of challenges when recovering from COVID-19, to transit to new normal to stay afloat and reduce real estate costs.

How VestAsia can help:

VestAsia is a conflict free tenant representation firm, dedicated to work with tenants, and provide flexible solutions on their existing lease or new office requirements, we offer complimentary tenancy agreement review and our services include:

Review existing tenancy agreement

  • Short term rent relief negotiation

  • Relief on strict payment terms

  • Renegotiate subletting terms

  • Early renewal at a lower rate

Relocation

  • Thorough understanding of new office requirement, conscious of long-term strategies for tenant

  • Locate suitable options in best interest of tenant

  • Comprehensive analysis of stay vs. relocate, inclusive of fit-out budget estimation

  • Early exit negotiation with existing landlord (if required)

  • Provide flexible strategies such as serviced office / coworking space for the interim period

Over the years of experience, we have encountered and overcame many challenges together with our tenants and clients, adding value to every tenant whilst building up our knowledge and experience to share and add value to you and your company in its efforts to restructure and reposition your real estate needs in this rapidly changing world to support the success of your business.


#marketinsight #covid19 #businessstrategies #thenewnormal #commercialleasing #covid19 #pandemic2020 #timeforchange #businessinsider


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