Office Sector Research Articles

Market perceptions of distress and its impact on returns: evidence from the U.S. commercial real estate market

ABSTRACT This paper examines the relationship between market participants’ sentiment regarding distress in the real estate market, captured through internet search queries, and the U.S. commercial real estate market. We use Google search frequency to construct a measure of market perception of distress, the Market Distress Perception Index (MDP Index), and determine the extent to which this index can help predict future private commercial real estate returns in the U.S. The results show that our pessimistic sentiment index predicts returns of commercial real estate up to three quarters in advance. These results hold at the national, regional, and state levels and are robust across various model specifications. The predictability of the sentiment index is especially pronounced during recessionary periods. We also analyse different property sectors and find that the inverse relationship between the MDP Index and future private commercial real estate returns persists across all sectors except the industrial sector. The relationship is strongest for the office sector.

Towards net-zero embodied carbon: Investigating the potential for ambitious embodied carbon reductions in Australian office buildings

Embodied carbon is recognised as a major contributor to building-related greenhouse gas (GHG) emissions. In response, ambitious targets have been posed to reduce embodied carbon in the built environment, including the aspiration of ‘net-zero embodied carbon’. This research uses a life cycle assessment (LCA) methodology to explore the magnitude of embodied carbon reductions viable within a multi-storey office building in Australia. It compares a typical building with more ambitious design scenarios to determine if net-zero embodied carbon is feasible in the current context and how design, material and methological decisions impact this. The results show that upfront embodied carbon reductions of 17–45% are achieveable with ambitious design and material changes, including a full timber structure, hybrid timber-aluminium façade, reduced columns grids, straw insulation, and more. However, the magnitude of reductions is highly influenced by material data sources and methodology. Net-zero embodied carbon was achievable when considering biogenic emissions stored in timber and other biomaterials, although only temporarily, for a period of up to 19 years. In response, we propose a new term ‘temporal net-zero embodied carbon’ to identify the point in time during a building's life cycle when it can no longer be considered a temporary carbon sink. The paper concludes by highlighting the opportunties and challenges temporal net-zero embodied carbon presents in terms of transparency and reliability of metrics, the need for consistent approaches to measurement and benchmarking, and the challenges of achieving large-scale embodied carbon reductions in the office sector.

COVID-19 outcomes: exploring the footprints of the pandemic on the office sector in Johannesburg, South Africa

PurposeThis paper aims to explore the impact of COVID-19 on office space in Johannesburg. This study further explores the role of changing work practices in the office sector in South Africa because of the pandemic and its impact on future office space use planning and management.Design/methodology/approachTo understand the footprints that the COVID-19 pandemic has left on the office space market in Johannesburg, this study uses semi-structured interviews, which were administered to corporate office users, and a thematic analysis was adopted to understand the views, perspectives and expectations of office users.FindingsThe study showed that space users perceive COVID-19-induced remote working as having benefits, opportunities and challenges. A notable shift in office space utilization has emerged, with employees increasingly opting for roles that permit remote work. This newfound flexibility, accommodating both on-site and remote work, often makes working from home more appealing than traditional office environments that may no longer align with users’ preferences for office spaces.Research limitations/implicationsThe study is limited to Johannesburg, South Africa, and may not apply to other African markets. Ten in-depth interviews were conducted, and analysis and results were deduced; this may be considered a limitation of this study.Practical implicationsThe pandemic’s impact has brought about irreversible changes, compelling policymakers and business leaders to strategize and prepare. This proactive stance aims to prevent avoidable challenges for employees and companies during future pandemics. A thoughtful approach to the post-pandemic world can usher positive changes in the office and property sector. This includes the coexistence of both remote work and on-site working models.Originality/valueThis paper provides valuable insight into some of the outcomes of the COVID-19 pandemic in South Africa that are essential for future office space use planning and management. The insights from this study extend the literature and provide novel knowledge based on an office sector in the “global south.”

Towards Educational Excellence: Utilizing Education Hotels as an Innovative Learning Base for Hospitality Accommodation Program Students

Purpose of the study: The aim of this research is to evaluate the effectiveness of using the Education Hotel as a base for innovative learning for students of the hotel accommodation program at public vocational secondary schools 4 Jambi City.
 Methodology: The type of research used in this research is naturalistic qualitative. The sample for this research was 30 students of the hospitality accommodation skills program at public vocational secondary schools 4 Jambi City. The data collection technique used is observation. The data analysis technique in this research will be carried out holistically and structured, in accordance with a naturalistic qualitative approach.
 Main Findings: The use of Edotel at public vocational secondary schools 4 Yogyakarta by students of the hotel accommodation program based on the Front Office sector is included in the high category. Meanwhile, the use of Edotel at public vocational secondary schools 4 Jambi City by students of the hotel accommodation program based on Housekeeping is in the low category..
 Novelty/Originality of this study: This research presents a new concept by introducing an innovative approach using Hotel Education as the main learning platform for Hospitality Accommodation Program students.

Commercial real estate and air pollution

AbstractWe analyze the causal effect of air pollution (acute fine particulate matter) exposure on the commercial real estate (CRE) market. We instrument for air pollution using changes in local wind direction to find that an increase in fine particulate matter exposure leads to a contemporaneous decrease in CRE market values and (net) income as well as an increase in capital expenditures. Heterogeneous treatment analysis within a building‐level fixed effects framework uncovers that the negative effect on market values is concentrated in the office sector, consistent with the notion that air pollution‐induced decreases in CRE values are driven by a reduction in CRE assets’ productive capacity. Additionally, we document that the negative impact on (net) income is concentrated in the apartment sector, which is consistent with a broad set of local disamenity mechanisms identified in previous residential real estate literature.

Training Basic Microsoft Office Dalam Mengelola Administrasi Pada Yayasan Kopia Raya Insani

In the current era, the use of computer applications almost all office work requires it. The development of technology, especially computer applications at this time is very helpful in processing administrative data, so that the data obtained can be arranged neatly and easily understood. One of them is administrative data processing at the Kopia Raya Insani Foundation which requires applications that support so that the data displayed can be understood because at this time some of the administrative data displayed is still fairly manual, the use of Microsoft Office applications in Foundation data processing is still not optimally used due to several reasons. Foundation administrators still do not understand the use of the application used. Microsoft office itself is a software application that is used to process, store, and combine data in the form of documents. The data that can be processed are digital data in the form of letters, pictures and numbers. This software has a special role in the office sector. Matters related to office data will be processed and stored briefly and in detail in Microsoft Office. The method used in providing education regarding the basic use of Microsoft Office is carried out by holding workshops on community service activities so that participants consisting of foundation administrators who will process the foundation's administrative data will be more familiar with the use of Microsoft Office applications to help process administrative data to make it more neat and tidy. easy to understand.

Workload analysis with the full time equivalent method approach to determine workforce required

This research aims to to analyse the workload using the Full Time Equivalent (FTE) method to produce the optimal number of human resources. The post-pandemic economic recovery has led to increased productivity in various sectors, including PT Mada Wikri Tunggal which has experienced an increase in sales in the last three years. However, this increase in sales is inversely proportional to the number of human resources in the office sector of the company. Excessive or too minimal workload will cause inefficiency in the productivity of a company. The amount of workload that is too heavy indicates that the amount of workforce available is not balanced with the workload given, so it can cause physical and mental fatigue which results in a decrease in productivity. The data analysis method used in this research is the Full Time Equivalent (FTE) method. FTE can be assumed as a measure of the time required for the workforce to completely carry out work activities.

After the pandemic: Contemplating the future of central office buildings

The COVID-19 pandemic has dramatically changed the nature of office work. The main driver is remote work, a concept theorised for years, but upon its arrival has become a significant disruptor of commercial real estate. Buildings and the city cores they occupy in large urban centres have hollowed out. Large organisations, still tied to long-term leases, try shedding space to adapt. As they do, cities reliant on property tax revenues find themselves at odds with institutional landlords over asset values. The upheavals unfolding in the industry, particularly in the office sector, are enough for prominent media organisations to declare downtown office buildings dead. But are they? By analysing quantitative and qualitative data and evidence from high-profile organisations, it becomes apparent that although building occupancy may not be what it was prior to the pandemic, indicators point to a macroeconomic reset where the steady rise in occupancy will establish a new equilibrium, probably not too different from what it looked like pre-pandemic. Along the way, a new industry metric, the Idle Space Index (ISI) is introduced to define an interrelationship between occupancy and vacancy rates, which can greatly assist strategic space planning. In the medium term, chaos will reign supreme, as corporate real estate (CRE) executives try to engage in longer-term planning. Building assessments will remain a contentious issue until that new equilibrium is established, but for an industry described as being on its last legs, it seems there is plenty of life left.

Prices, uses, and (r)evolutionary change: the outlook for post-pandemic office investing

PurposeThe authors take a historical perspective and compare office market performance metrics and CMBS loan delinquency rates over the past two years with previous downturns.Design/methodology/approachWhat will happen to the office sector in the post-pandemic era? we examine this question from three perspectives. First, the authors discuss the (short-term) risk of commercial real estate investment with high inflation and rising interest rates. If investors want to use CRE as an inflationary hedge, the cash flow must increase enough to counteract growing cap rates given rising interest rates.FindingsAs it turns out, the COVID-19 recession has been notably innocuous. Third, the authors focus on medical office space – an emerging investment option for the office sector.Practical implicationsThe authors remain somewhat positive (or at least less downbeat) about the future of the office market based on the data they reviewed.Originality/valueThe office market is experiencing an odyssey rather than an exodus, at least in the short run. However, the authors remain cautious and they are monitoring key signs, prepared for the possibility of (r)evolutionary change in the office sector.

Workplace health promotion to facilitate physical activity among office workers in Sweden.

Office workers spend most of their working time being sedentary, contributing to a sedentary lifestyle that increases the risk of developing disease and disability. A gradual decline in cardiorespiratory fitness among adults, along with increased rate of non-communicable diseases across developed countries, makes the workplace an important opportunity for promoting healthy behaviors. This study aimed to investigate: how office companies in Sweden organize and provide workplace health promotion services related to physical activity; the companies' vision for providing workplace health promotion; and potential facilitators and barriers. Nine informants from eight companies participated in the study, and both qualitative and quantitative data were collected by semi-structured interviews. Informants were selected through purposive sampling in collaboration with eight companies in the office market, including companies that own and develop office buildings, shared workspaces, interior design, sustainable solutions, or consult on issues related to the office sector. The framework method was used to analyze the data in a flexible and systematic way. The results showed that workplace health promotion is implemented to maintain employee health, productivity, and employee branding. Also, a significant number of financial resources, organizational support and office space are devoted to workplace health promotion. Convenience and easy access to storage and fitness facilities are key facilitators. In conclusion, this study highlights the importance of employees' engagement in developing and improving workplace health promotion and addressing work-life balance constraints that hinder a healthy lifestyle. Removing barriers on an organizational level may improve the usage of workplace health promotion related to physical activity among office employees.

Studi Pengaruh Covid-19 Pada Berbagai Sektor Pengguna Tenaga Listrik di Bangka Belitung

Electricity in Indonesia, especially in the Bangka Belitung Islands, has been affected by the COVID-19 pandemic. The effect occurred at the beginning of the pandemic in the second quarter of 2020, namely the household sector rose to 3.3%, the social sector fell -3.1%, the industrial sector rose to 15%, business fell -9.8%, the office sector government buildings rose 3%, and the public/other street lighting sector fell -47%. By using statistical tests on the classical assumption test all sectors are normally distributed. In the partial test using multiple linear regression test for the household sector, industry, and government office buildings, only connected power affects energy consumption, namely 70.5%, 97.7%, and 37.4%. In the social and business sectors, there is an effect of connected power and tariff prices on energy consumption, namely 92% and -13%, while business is 42% and 10%, respectively. By using the simultaneous test, the household sector has an effect of 68.2%, the social sector is 75.5%, the industrial sector is 97.5%, the business sector is 44.2% and government buildings are 32.5%.

Working Desk Partition Design with Copper Coating as One of Covid-19 Office Interception Approach

The spread of Covid-19 continues to be the main focus for all sectors, especially in the office sector, where the health of working employees is the most important thing for the company. Along with a significant increase in the spread of the coronavirus, the availability of appropriate furniture accessories on work desks to support employee performance is very important. The number of companies that do not have the ability to replace furniture according to health protocol requirements is the main factor in this study. So that the flexible partition can be designed according to the principle of the health protocol. The use of copper coating on the partitions and furniture features can support the needs of employees which has an advantage as a material to prevent the spread of the virus. The utilization and quality of materials in workspace furniture will also be increased in accordance with the applicable health protocol regarding the standard of ergonomic dimensions. This study aims to record and analyze interior facilities with the category of desk furniture accessories in the office work area from a design and function point of view related to aspects of comfort and safety for employees.

The Composition and Role of Human Capital: A Descriptive Analysis of High-Tech Industry in Indonesia

This research aims to assess the state of human capital in companies in Indonesia's high-tech industry. The high-tech industry is important in Indonesia because it is a pillar of national development, but research in this field is still very limited. The descriptive approach is used in the research methodology, with the population or all components of the research subject serving as a data source. The population is drawn from the Indonesian Central Bureau of Statistics (CBS) manufacturing industry statistical dataset for manufacturing industries classified as high-tech in 2019. The findings show that Indonesia's high-tech industry is technologically advanced but still heavily reliant on financial resources. Many workers in this industry demonstrate the importance of human resources. With characteristics such as STEM-based human resources, high-tech production processes, or the production of high-tech products, the condition of workers in this industry is primarily absorbed in the production department. The average foreign worker in the production sector is 0.31%, while the average foreign worker in the office sector is 1.05%. More research is needed to determine the impact of these workers' composition on company performance in the high-tech industry.

INFLUENCE OF WORKLOAD AND DIGITAL COMPETENCY ON PERFORMANCE OF EMPLOYEES

For more than a year, the Covid-19 pandemic has hit, causing many changes and giving birth to new norms and practices in the social, political, and economic order, both at the individual, community, institutional, state governance, and relations between nations. One of those affected is the office sector, but agencies are required to optimize performance without neglecting the health protocols set by the government. This study aims to determine the effect of workload and digital competence on employee performance at the Batang Regency Public Works and Spatial Planning Office. The population in this study were all employees of the State Civil Apparatus totaling 133 people. The sampling method is using a census. The data collection technique used a questionnaire and the analytical method used was multiple linear regression. The results of the analysis show that the workload has no significant positive effect on employee performance. The workload is an obligation that must be completed by employees following the specified time so that the level of workload does not affect employee performance. Digital competence has a positive and significant effect on employee performance. This finding implies that employees within the Batang Regency Public Works and Spatial Planning Office can operate digital devices.

Loyalitas: Seberapa Pentingkah bagi ASN di Era Pandemi COVID-19 ?

The never-ending COVID-19 pandemic has had a tremendous impact on the global realm. All industrial and office sectors in Indonesia also feel the influence. Especially in the management of human resources clearly has a great importance in this era of the COVID-19 pandemic. Like the judiciary in Indonesia, which is in a dilemma, on the one hand, it must obey dynamic government regulations in order to accelerate the handling of the COVID-19 pandemic, but on the other hand, it must maintain loyalty as human resources who are involved in judicial institutions with demands for implementation. (eight) main values of the supreme court. This research was conducted with the aim of looking at how and what factors can affect the increase in the loyalty of an employee within the judiciary of the Republic of Indonesia. This study uses a descriptive quantitative approach with the completion of path analysis. The results obtained in this study are concrete evidence that shows a direct influence between the independent variable and the dependent variable, but this study did not succeed in proving an indirect effect through the mediating variable.

Persepsi Stres Kerja dari Kacamata Perempuan

COVID-19 is a nightmare for everyone. How can this pandemic still continue to spread and it is not known with certainty the end of COVID-19. Various sectors, both business and office sectors, are feeling the impact of the spread of the COVID-19 pandemic, including in Indonesia. Government regulations related to the rules for implementing work from home are pros and cons in various parties, for example in Sanankulon District, Blitar Regency where the area is not too wide but is still required to be able to manage human resources in it well. Evidence of the success of human resource management is by observing whether or not there is an increase in work stress in the Sanankulon District, Blitar Regency, especially for village officials who are married and are female, of course this needs special attention. In fact, women who have multiple roles are more at risk of experiencing work stress. For this reason, this research was conducted to observe what has an impact on work stress. This study uses a quantitative descriptive approach with the completion of multiple linear regression analysis. This study resulted in the finding of a positive influence between the independent variables on the dependent variable.

Effect of Product Quality, Promotion, Brand Image on Sales Increase

This study aims to determine that product quality, promotion, and brand image have a simultaneous effect on increasing sales. The Covid-19 pandemic has had a huge impact on Indonesia, especially in the economic sector. Not only in the economic sector, but the Covid-19 pandemic has an impact on the education and office sectors of this country. In this study using quantitative methods. Meanwhile, the data analysis technique used in this research is data quality test, classical assumption test, and multiple linear regression analysis.

Analisis Pengukuran Ergonomi Metode ROSA Saat Perkuliahan Daring

Last year's learning activities at home or studying from home were carried out by a number of schools and the office sector due to the new type of corona virus (SARS-CoV-2) that causes Covid-19. This change in activity can have a negative impact on both physical and mental complaints that may occur due to behavior during lecture activities. During lectures there are still many of us who have not paid attention to the correct and safe position when conducting online meetings such as sitting position, distance between the computer screen and head, foot position, working or study room conditions, correct hand position and so on. So it is important for us to understand the definition of ergonomics in order to reduce the work risks that occur and determine a safer body position to do. Efficiency of human–computer interaction as well as user comfort, health and safety can be improved by applying ergonomic principles. Based on this, the purpose of this study is to identify student behavior during lectures, measure physical complaints (MSD and visual fatigue) and provide recommendations to minimize negative impacts that occur using the ROSA (Rapid Office Strain Assessment) method. With this method, it can be seen that some students surveyed using the ROSA method resulted in a final score of 2 which means they have a low level of danger, but must still pay attention to various aspects of sitting in a sitting position while doing lectures by avoiding the use of smartphones in a non-sitting position. chair so as not to pose a risk of dangerous disease.

A Registration Space of the Kingdom of Spain: The Sector of the Acts of Civil Status

A registration space of the Kingdom of Spain that covers the legal statuses of subjects and the legal regimes of objects, is represented by three zones: international, public and private. The state registration area can be contingently divided into four sectors: Civil Status Registry Office, Notary, commercial and fiscal sectors. The author chooses the civil status registry office sector as a subject of research, since she believes that the registration of acts of civil status that determines the legal status of persons, identifies and individualizes participants in legal relations, is of primary importance in the registration space. Thus, the record of the birth of a child is the beginning of his social life (not biological). It is the record of the birth of a child that generates a stable political and legal relation with the state expressed in the acquisition of citizenship and it confirms the chil’s legal capacity. The author believes that the study of foreign experience of legal regulation, especially in modern conditions of digitalization, contributes to the improvement of their own legislation.

Towards sustainable energy culture in the industrial sector: introducing an interdisciplinary method for understanding energy culture in business industries

BackgroundThere have been numerous research papers focusing on improving energy consumption and energy behaviour in domestic and residential contexts. However, workplaces and especially industry settings have gained less attention in scientific literature, even though the industry sector is one of the largest energy consumers in the world. This article introduces a methodological framework that utilizes the energy culture concept, to support understanding the factors that influence energy culture at business industry companies.MethodsBuilding on the concept of energy culture, we introduce an interdisciplinary method, which assesses organizations’ energy culture from different perspectives and recognizes the possibilities for sustainability transitions. To validate this method, the developed energy culture survey has been verified by 27 expert participants from different industry-related companies located in Finland, Italy, Switzerland, Germany France, and Austria.ResultsOur analysis highlights the need to consider diverse, interdisciplinary aspects to create a successful method for enhancing energy culture in the industrial sector. This will take into consideration human aspects, related to cognitive norms, beliefs, and aspirations, as well as to human interaction with the material world.ConclusionsIndustrial energy cultures context differs from domestic and residential contexts, and the knowledge from one context cannot be transferred to another context as such. Based on investigated studies undertaken for residential, office, and other sectors and the lessons learned, we developed a systematic method for energy culture understanding in industries. Energy managers may use it, as well as other individuals involved in energy culture issues in the industrial business sector, to evaluate the state of energy culture and engage employees towards new energy-related practices.