Real estate investments can depend on various factors as they deal with many types of business. With all industries, there is a time and place for success. Being able to tell when that time comes is the greatest talent that an investor in real estate can have.

The pandemic’s effects are now in their second year. Like last year, it remains the most significant factor for the current forecasts. Many stages have occurred in how lockdowns have affected markets, and they all seem hard to read. 

Though much is unknown, some conclusions can help guide us now. With that in mind, these are some major considerations for commercial real estate in 2022:

The Effects of a Pandemic

At the start of the pandemic, the real estate market was devastated. Mass shutdowns, quarantine, financial woes, and more dealt a considerable blow to the market. In 2021, wise investors swept in as properties became available at lower rates. Thus, 2021 held a good amount of re-openings and low-interest payments. 

As we round the bases and enter our third year of impact, what can real estate investors think about in 2022? Here are a few of the critical things to remember this year:

• Variants – Variants are unpredictable. As new variants pop up, the risk will always exist for further lockdowns.

• Travel – While many are returning to leisure and business travel, it is still not back to pre-pandemic levels. As the situation evolves, it may worsen still.
• Working remote – Many offices have yet to reopen since closing their doors in 2020. With the pandemic still raging, this may not happen this year either.
  
  

These are only the challenges that businesses are facing. The last two years have shown us that they are not insurmountable. Some markets are even emerging ahead of where they were before the pandemic.

Evolving Markets

As businesses begin to set sights on the commercial real estate market next year, there are a few verticals to consider. Despite the challenges of the pandemic, 2022 does present a brighter year ahead.

Multi-family, industrial, and office space are all dropping in vacancies. Some of these are even dropping to their pre-pandemic levels. When setting sights on 2022, these are the sectors that are worth keeping an eye on for commercial real estate:

Hospitality

With the many impacts to travel, the hospitality industry has been one of the hardest hit by Coronavirus. Occupancy and RevPAR (revenue per available room) is likely to remain low this year. Income may have improved over the last two years, but the hotel industry still requires rebuilding.

Offices

Offices have been steadily reopening since the rollout of the vaccine. While the future of office space is still in a grey area, 2022 is likely to see fewer vacancies in office buildings. This rate may not return to pre-pandemic levels, but the trend is moving back upwards.

Multifamily

Multifamily commercial properties are set to experience a positive year of return. When quarantine first hit, these properties were significantly affected due to many people moving out of the city. As offices and businesses begin to reopen, people are starting to move back from the suburbs.

Some areas are set to see better growth than pre-pandemic levels. For larger, more affected cities like New York or Los Angeles, healing may take much longer.

Industrial

Logistical properties have always been in high demand. Warehouses, storehouses, and management facilities keep companies operational. When the pandemic hit, many began looking online for their needs instead of in stores.

In addition to various storehouse facilities, cryptocurrency and virtual demand also affect these. Bitcoin mining, cloud storage, and content providers need storehouses for their servers. 

As a result of these major changes, there’s more of a need than ever for these types of properties. 

Conclusion

Investors have always encouraged buying real estate, but it’s not cut-and-dry. Real estate is one of the most critical investments that individuals or corporations can make. Setting your company up in the right piece of property is often the difference between success and failure.

Luckily, companies like Quadrate are here to help you get set up in the location you deserve! We are a building company committed to building the industry’s finest industrial/commercial facilities.

51% of the United States workforce is not engaged. These indifferent employees don’t care about their jobs one way or another. One bad day can push these people to quit, leaving their employers scrambling for help in these vulnerable economic times. If they stay on the job, they’re likely to perform only the minimum that’s required of them. This mindset can hold a company back from achieving its potential — and it can also cost a company money.

According to one survey, disengaged employees can cost companies in the United States upwards of $550 billion a year. On the other end of the spectrum, companies with a high number of engaged employees show 21% greater profitability. A few more statistics lend credence to the power of engaged staff members. Companies with engaged employees experience:

● A 41% reduction in absences.

● A 17% increase in productivity.

● 24% less turnover.

The burden to keep employees engaged and happy rests on employers. While the maxim it’s called work for a reason might be true, the reality of the situation doesn’t have to be as harsh. Employers can implement strategies that can help keep employees engaged enough to remain content and productive. There are no tried and true methods that can result in ideal situations. Following through with a variety of methods can allow employers to regain their employees’ trust and loyalty.

Find out what employees want

One of the easiest ways to improve employee engagement is to find out what the staff needs to feel motivated. Finding out what they want is easy: just ask them.

A survey can be an effective way to assess the areas a company needs to work on. Statements that can be rated on a scale of 1 to 5 can provide business owners and managers a good starting point to form an engagement strategy. A sample statement can be “I feel recognized for my work.” Employees can rate the statement a 1 if they strongly disagree with it or a 5 if they strongly agree. This survey can be any length, but the longer it is, the more effective it can be in providing insight into the state of mind of your staff members.

How to engage employees After forming conclusions based on the employee surveys, it’s time to pinpoint the areas that require the most attention. Different people have different needs. One method might raise one person’s morale, but do nothing for anyone else. Applying other methods at one time can be a well-rounded strategy to help improve employee engagement. Some popular methods include:

Getting everyone on the same page

Companies should set clear goals and communicate this information to their employees. Companies should also clearly define how an employee’s job furthers the goals. An employee who feels they’re positively contributing toward a common purpose might feel motivated to do their best for both themselves and their employer.

Recognizing excellent work

Most people want to be recognized for what they do. Publicly recognizing staff efforts can be a powerful and inexpensive motivational tool. A small award or simple thank-you in front of staff are two examples that don’t require much effort.

Listening to staff

Employees want to be heard, especially those who have grievances. Let them be heard. Give people a private or public forum to voice their questions, comments, and concerns. Not every employee will complain. Some might have ideas on how to improve the company. Listen to them. They might be the ones to take the company to higher levels of success.

Offering flexible and fair schedules

A longstanding workplace tradition has been the 8-to-5 (or 9-to-5) work schedule. However, the world is changing, and so are the needs of everyone living in it. People might have legitimate reasons to work an altered schedule or from home. Child care and personal health situations can butt heads with a traditional work schedule, creating animosity between employees and employers. Offering flexible schedules that benefit both parties can go a long way in increasing morale.

Promoting personal and professional growth

Offering employees training opportunities can increase their skill-set and benefit their companies. Education can also encourage personal growth. Workshops targeting topics like anger management and conflict resolution can open up an employee’s potential. Companies can latch onto this potential and use these newfound skills for workplace improvement.

Giving the right job to the right person

Considering employees’ interests when assigning tasks can increase happiness. Employees can be happy doing what they like while knowing their employer understands them well enough to consider them for specific jobs.

Surveying engagement progress

Occasionally soliciting feedback regarding engagement strategies can eliminate what doesn’t work so that new methods can be adopted. Engaging employees takes work and commitment, and results don’t happen overnight.

Companies that actively seek to keep their staff motivated can improve their brand’s reputation and fortunes.

FOR IMMEDIATE RELEASE

Media Contact:
info@quadratecompanies.com
586-677-1111

Quadrate Construction, LLC Recognized in National Hall of Fame Competition

Macomb Township, MI, February 17, 2021 – The Henshaw Custom Automation facility built by Quadrate Construction, LLC of Macomb Township, Michigan, has been recognized by Varco Pruden Buildings, as a Best-in-Class winner of the exclusive Hall of Fame award. Varco Pruden Buildings is one of the nation’s largest building-solutions companies. Varco Pruden is a division of BlueScope Buildings North America, Inc., and has a network of more than 1,000 builders across the United States and Canada.

Quadrate Construction, LLC has been named to Varco Pruden’s 2021 Hall of Fame for the Henshaw Custom Automation facility located in Armada, Michigan. The 75,863 SF industrial facility is the new corporate headquarters of Henshaw, Inc. The structure was completed in Spring of 2020.

The highly competitive Hall of Fame Awards are presented annually to the independent authorized VP Builders whose work reflects innovation and excellence using Varco Pruden building systems by creating exceptional architectural appearance, efficient design, and effective end use. The projects include a range of industrial, commercial, retail, and municipal projects.

In the fall of 2018, the ownership team of Henshaw, Inc. came to Quadrate Construction, LLC looking for a contractor to design and build its new corporate home on a 7 acre parcel in Armada, Michigan. Quadrate’s team designed and built this stunning 75,865 SF industrial facility and new corporate headquarters for Henshaw, Inc. in seven months. The facility was designed by SDA Architects, Inc. and includes several features including (4) 5T-10T cranes. Henshaw, Inc. brings more than 35 years of experience to the design and build of turnkey systems that help its clients streamline the production process, simplify operator training, reduce costs, safeguard workers, and reduce product liability.

“The Hall of Fame is proof positive that our builders continue to challenge the boundaries by seeking new and innovative ways to prove that Metal Building Systems are the system of choice,” said Paul Day, president of Varco Pruden.

“We are honored to be selected among several of the finest contractors in the VP Buildings distribution network. We hope to be a regular in VP’s Hall of Fame and grow our already successful business relationship with VP Buildings for years to come,” said Michael D’Agostini, manager of Quadrate Construction, LLC.

About Quadrate Construction, LLC

Quadrate Construction, LLC is an industry leader in delivering Industrial/Commercial facilities with accelerated schedules, high standards, and the finest materials. Whether you are looking to start a new development from the ground up, or you are looking for a renovation or addition to your existing facility, our has the knowledge you can comfortably rely on. We create, and you enjoy the results. For further details, please visit www.quadratecompanies.com.  

About Varco Pruden Buildings

Varco Pruden Buildings is a division of BlueScope Buildings North America, Inc. Through advanced engineering and proprietary building products, Varco Pruden provides innovative steel building solutions for low-rise commercial and industrial applications – including offices, warehouses, schools, manufacturing, and retail projects. Headquartered in Memphis, Tennessee, the company markets its products through a network of more than 1,000 authorized builders within the United States and Canada. Varco Pruden is a member of the MBMA, CSSBI, and the USGBC. For additional information, visit www.varcopruden.com.

May this year bring new happiness, new goals, new achievements, and many new inspirations to your life. Wishing you a year fully loaded with happiness. Happy New Year!!!

Coming Soon! 50,000 SF facility in Orion Township. This metal building will feature extensive electrical and mechanical systems. Stay tuned for updates.