Over the past year, Spain has consistently ranked on numerous lists as one of the best, if not the best, destination for digital nomads, and a new report published by Remote.com suggests this is still the case.   According to the report, the Spanish capital Madrid has been crowned the best city in the world for remote work in 2024. The capital city has helped position Spain at the forefront of the digital nomad trend.  The study evaluated a variety of factors including internet infrastructure, openness, quality of life, incentives for remote workers, cost of living, safety, infl ..read more

Considering the rise of remote work and the need for affordable housing, Canada’s federal government has announced a $1.1 billion investment over the next decade to convert vacant federal government office space into residential units.   According to a report published by CBC, the initiative could repurpose 65 million square feet of surplus federal real estate — with a focus on the National Capital Region.  More specifically, Canada’s 2024 federal budget outlines a comprehensive plan to transform up to 50% of the government’s office portfolio, with a significant portion of the t ..read more

The eight dimensions of wellness offer a comprehensive framework for understanding and improving overall well-being, including in the workplace.  Neglecting one area of wellness can lead to imbalances, affecting other aspects of wellness. Employers who invest in multifaceted wellness programs can see substantial benefits in employee satisfaction and productivity, contributing to a positive work environment and culture. It’s easy to let the clamor of daily life drown out considerations of our own well-being, but taking a moment to tune into wellness can transform our lives.  Wellnes ..read more

Coworking spaces provide property owners with higher rental yields and opportunities for income diversification, which can lead to increased investment returns and economic resilience. By adapting to modern work trends and offering flexible, scalable, and amenity-rich environments, coworking spaces meet the growing demand for hybrid work solutions, enhancing occupancy and property value. Coworking spaces foster community and networking, offering a professional environment that can retain tenants and attract new ones, with the added benefit of management expertise from companies like Workspace ..read more

The average reservation wage in the United States — the lowest salary Americans are willing to accept to switch jobs — has surged to a record $81,822 in March, up from $73,391 just four months earlier.   This significant jump in wage expectations, as reported by the New York Federal Reserve, hints at the growing strain between employee demands and employer capabilities.  The increase in reservation wages is most notable among specific demographic groups. According to a report published by Reuters, men, individuals over the age of 45, and those without college degrees are leading ..read more

A recent GCUC panel made the point that workspace is a time-limited, perishable product. Unlike physical space, virtual offices are non-perishable, and coworking spaces can sell as many virtual plans as they like. Mike Sullivan explains how virtual offices diversify revenue and enable operators to gain sustainable growth. Have you ever thought of your workspace as perishable?  Just like food products, workspace is a perishable good, too.  Perishability simply means that the product is time-limited. Flight seats are another non-food example. Once a plane has departed, any unsold sea ..read more

Jeremy Fennema Jeremy Fennema, an accomplished IT executive with over two decades of experience, has been at the forefront of driving technological innovation and strategic growth within the e-commerce and IT sectors. As a former VP and CTO, Jeremy has honed his expertise in digital transformation, agile methodologies, and operational excellence. His remarkable ability to navigate complex challenges and convert them into strategic opportunities, coupled with his adept leadership in managing multi-million-dollar budgets and implementing solutions that significantly enhance customer enga ..read more

Workspace Strategies founder Karen Condi recently joined the Allwork.Space Future of Work Podcast to offer her essential expertise for those considering venturing into the coworking business. Coworking spaces generate enhanced revenue for property owners through higher rents per square foot and the ability to rent shared spaces multiple times, eclipsing traditional lease incomes. Commercial property owners are leveraging coworking models to meet the demand for flexible, on-demand workspaces from both small entrepreneurs and large enterprises. This article is based on the Allwork.Space Future ..read more

Recent data suggests a growing desire among U.K. employees to work from abroad while maintaining their positions at companies based in the country.   According to a report published by the Daily Mail, a study conducted by the international money app Zing found that nearly a quarter (23%) of U.K. workers want to work fully remotely — allowing them to live anywhere in the world while employed by U.K. firms.  The research, which surveyed 2,000 U.K. adults, revealed that Generation Z (defined in the survey as those aged 18-24) is at the forefront of this trend, with 44% expressing a ..read more

U.S. wage growth has returned to its pre-pandemic rate of 3.1% as of March 2024, according to the Indeed Hiring Lab’s April 2024 Labor Market Update.   However, Indeed’s data reveals that the increase in wage growth has been uneven across sectors — with some industries experiencing a more dramatic increase than others.   According to the report, the top 5 sectors with the highest posted year-over-year wage growth were:   Legal – 5.7%   Dental – 4.8%  Childcare – 4.8%  Cleaning & Sanitation – 3.9%  Medical Information – 3.9%  Des ..read more