{"id":63097,"date":"2024-02-15T11:45:26","date_gmt":"2024-02-15T08:45:26","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=63097"},"modified":"2025-11-26T20:37:19","modified_gmt":"2025-11-26T20:37:19","slug":"%d8%a7%d9%84%d8%b9%d9%85%d9%84-%d8%b9%d9%86-%d8%a8%d9%8f%d8%b9%d8%af","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/63097\/","title":{"rendered":"Telecommuting. The future of employment is at stake for commercial real estate"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>It has become a system <strong><span style=\"color: #800000;\"><a style=\"color: #800000;\" href=\"https:\/\/www.hrsd.gov.sa\/ministry-services\/services\/1083620\">Working Remotely<\/a><\/span><\/strong> With the COVID-19 pandemic experiment proving to be successful and profitable, many companies and organizations are changing their approach and moving towards hybrid work or hiring remote workers, and for the first time they are reaping the benefits of this switch.<\/p>\n<p>Accordingly, the commercial real estate sector was affected by this change as employees dispense with their offices, which leads in the future to rely on limited real estate to manage large companies; by making the most of modern technologies to follow up and implement work, and statistics indicate that the number of remote workers has increased by 115%, and it is expected that over the next ten years the percentage of remote workers will constitute more than 38% of all full-time employees, remote work may indeed be the future of employment.<\/p>\n<h4><span style=\"color: #800000;\"><strong>The U.S. experience and telecommuting<\/strong><\/span><\/h4>\n<p>Facing <a href=\"https:\/\/amlak.net.sa\/en\/62672\/\"><strong>U.S. commercial real estate sector <\/strong><\/a>A growing crisis, with fears of a whopping $560 billion in debt maturing through 2025, exacerbated by the rise of remote work and rising U.S. interest rates.<\/p>\n<p>As a result of telecommuting concerns, some banks, such as New York Community Bancorp and Japan's Uzora, have warned of significant losses on their investments in US commercial real estate. Deutsche Bank has more than quadrupled its provisions for US real estate losses.<\/p>\n<h4><span style=\"color: #800000;\"><strong>560 billion dollars in defaulted debt<\/strong><\/span><\/h4>\n<p>The shift to remote work and rising interest rates have exacerbated the crisis, reducing demand for commercial real estate and making it more difficult to repay loans. $560 billion of commercial real estate debt is outstanding, more than half of the sector's total debt.<\/p>\n<p><strong>Increased productivity is the greatest benefit <\/strong><\/p>\n<p>Organizations may implement a telecommuting policy for a number of factual reasons, including economic, social and environmental reasons. In general, we find that an employee who works from home saves himself a large amount of time and can rejuvenate his activity from time to time, which is automatically reflected in his work production compared to his production from his office; this is why telecommuting is common in these sectors.<\/p>\n<p>In some professions, especially in the technology-related sector, employees have to work in \u201cclusters\u201d and may need to focus for long periods of time, making a private space free of distractions essential, so remote working is standard in these industries.<\/p>\n<p><span style=\"color: #800000;\"><strong>Reduce the need for franchises and office real estate<\/strong><\/span><\/p>\n<p>Remote work relieves employers of the burden of providing employment benefits When employing remote teams or a number of independent contractors, companies are not obligated to offer pension plans to their freelancers; thus, they are likely to arrange their own health insurance and so on.<\/p>\n<p>Employers will pay less - or nothing - for office real estate, one of the most obvious benefits of remote working. Renting or buying office space is expensive, but renovating and maintaining an indoor office involves even greater costs.<\/p>\n<p>Not to mention water and electricity bills, as well as Wi-Fi expenses. In other words, the office expenses saved can add up to huge numbers. Naturally, any reduction in expenses increases the company's revenue.<\/p>\n<p>= = =<\/p>\n<h4><span style=\"color: #800000;\"><strong>Benefits of Remote Work for Employers<\/strong><\/span><\/h4>\n<p>Increased productivity.<\/p>\n<p>Employee retention.<\/p>\n<p>Increased social responsibility.<\/p>\n<p>More cost-effective.<\/p>\n<p>Better disaster preparedness.<\/p>\n<p>Increased competitiveness.<\/p>\n<p>Recognize different people.<\/p>\n<p>Minimize employee absenteeism.<\/p>\n<p>The use of technology.<\/p>\n<p>Reduce the need for real estate.<\/p>\n<p>Working around the clock.<\/p>\n<p>= =\u00a0 =<\/p>\n<p>115% increase in the number of remote workers<\/p>\n<p>38% of full-time workers.<\/p>\n<p>560 billion dollars in defaulted debt in America.<\/p>\n<p><strong>560 billion dollars in defaulted debt<\/strong><\/p>\n<p>=\u00a0 = =<\/p>\n<h4><strong><span style=\"color: #800000;\">Features and benefits<\/span> <\/strong><\/h4>\n<p>Freedom to choose when and where to work.<\/p>\n<p>Not wasting time on commuting and traveling.<\/p>\n<p>Having a personal workspace.<\/p>\n<p>&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">Minutes<\/span><\/span>&nbsp; The remote work system has become an urgent need for many companies and institutions after the COVID-19 pandemic experience proved its success and achieved many gains, which prompted some employers to change their style and move towards hybrid work or hiring remote workers, and they are now, for the first time, reaping the fruits of this switch. The commercial real estate sector has been affected. <a title=\"Telecommuting. The future of employment is at stake for commercial real estate\" class=\"read-more\" href=\"https:\/\/amlak.net.sa\/en\/63097\/\" aria-label=\"Read more about \u0627\u0644\u0639\u0645\u0644 \u0639\u0646 \u0628\u064f\u0639\u062f.. \u0645\u0633\u062a\u0642\u0628\u0644 \u0627\u0644\u062a\u0648\u0638\u064a\u0641 \u0645\u064f\u0647\u062f\u062f \u0644\u0644\u0639\u0642\u0627\u0631\u0627\u062a \u0627\u0644\u062a\u062c\u0627\u0631\u064a\u0629\">Read more<\/a><\/p>","protected":false},"author":10,"featured_media":63098,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"0","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[97],"tags":[],"class_list":["post-63097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-office-commercial"],"acf":{"amlak_post_excerpt":"\u062a\u0632\u0627\u064a\u062f \u0627\u0644\u0639\u0645\u0644 \u0639\u0646 \u0628\u064f\u0639\u062f \u064a\u0642\u0644\u0635 \u0627\u0644\u062d\u0627\u062c\u0629 \u0644\u0644\u0645\u0633\u0627\u062d\u0627\u062a \u0627\u0644\u0645\u0643\u062a\u0628\u064a\u0629 \u0648\u064a\u0632\u064a\u062f \u0636\u063a\u0648\u0637 \u0627\u0644\u062f\u064a\u0648\u0646 \u0639\u0644\u0649 \u0627\u0644\u0639\u0642\u0627\u0631\u0627\u062a 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