What's the state of remote work in the CRE industry?
Is it becoming more acceptable? Not just full-time work from home but 3-2 flex or one week home, one week in the office type setups.
[{"id": "ht1bag6", "text": "Depends on the role. As a broker I am maybe in the office a total of two hours a week now, but all my admin support is back to working from the office regularly. It\u2019s more personal preference on the broker side.  I have guys in my office that are still 8-5 every day in the office.  Others I haven\u2019t seen at their desk since Covid started. As long as you\u2019re producing the owners don\u2019t care. For me it saves me two hours of driving in traffic each day and probably another two I would have lost to office bsing. Four hours a day of added productivity has been huge for me.", "replies": [{"id": "ht39d1a", "text": "How often are you on-site at properties or client meetings?", "replies": [{"id": "ht3bc08", "text": "Probably average 5-10 in person meetings a week.  That would include showings, inspections client meetings etc. if you are not going to the office you will still need to do in person meetings regularly for clients.", "replies": [{"id": "ht3e11f", "text": "For sure, I'm in office and doing showings, etc. I know some investment types though who are in properties way less than others.", "replies": [{"id": "ht4z9zv", "text": "Yeah true. If you are purely on the large scale investment side you may never step foot on a property.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ht1fmbm", "text": "Most of our office has returned to the normal grind. Manager and admins are in everyday. Honestly my work could be done from home, but as a new agent to the office, I go in for the support.", "replies": [], "depth": 1}, {"id": "ht1fqmm", "text": "We are at 100% capacity in the office. Lending.", "replies": [{"id": "ht3p80s", "text": "I recently left a CRE Lender that was going back to the office full time and found a firm that is staying remote. I'm in asset mgmt and can easily do my job 100% remote.", "replies": [{"id": "ht4akpx", "text": "Cmbs is a different beast but agree AM can wfh.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ht1lnc7", "text": "I have some friends who are CRE appraisers and have increasingly found they can work from home 80-100% of the time.", "replies": [], "depth": 1}, {"id": "ht1meu9", "text": "CRE is an industry driven by old school dinosaurs and a lot of roles you might be considering are fundamentally sales roles. The industry is resistant to change. So the reality is don't expect much remote work as a junior employee.\n\nCertain people who already were in influential or independent positions at their firm may be able to negotiate something else, but for most that won't be the case.", "replies": [], "depth": 1}, {"id": "ht1mlrt", "text": "100% of employees are in the office. No work from home option. Im in the principle side", "replies": [], "depth": 1}, {"id": "ht1ol4j", "text": "Our entire office (full service CRE firm) has been 100% in-office since summer of 2020. This is why I find it hard to relate to the WFH crowd.", "replies": [{"id": "ht2zha5", "text": "Same story, it\u2019s weird because 100% of my friends (except those in CRE) are full time remote. Hard to relate for sure.", "replies": [], "depth": 2}], "depth": 1}, {"id": "ht1qexr", "text": "Yes, it is becoming more acceptable. But with that said, your management will have an idea of how you should manage your time and whether it be in office or home. The younger you are the more likely they will want you in the office to learn. The older you are the more likely you will want to be in the office to get away from your wife. (;", "replies": [], "depth": 1}, {"id": "ht1u2yz", "text": "100% WFH - CRE Appraisal", "replies": [], "depth": 1}, {"id": "ht1uljz", "text": "Development. 60-80% WFH. We're in office one or twice a week, plus any site visits/meetings.", "replies": [], "depth": 1}, {"id": "ht1w7lo", "text": "Broker - have been in the office since May 2020. \n\nSome people are in the office everyday. Others are mixed 2/3 days a week. Then there are others that have never been back in the office. \n\nSupport staff is 2/3 days in the office which blows.", "replies": [], "depth": 1}, {"id": "ht270ef", "text": "Work in CRE for a large insurance company, currently 100% WFH, going back 3 days a week in March.", "replies": [], "depth": 1}, {"id": "ht2yhbv", "text": "Corporate RE side. I haven\u2019t seen the inside of an office since March 2020. I will probably do some site visits this year and periodically be in the office, however.", "replies": [], "depth": 1}, {"id": "ht3spn6", "text": "CRE leasing - 100% office. Need to live what you are selling. How are we expected to broker tenants for office space if we didn\u2019t believe in the need for it ourselves.", "replies": [], "depth": 1}, {"id": "ht59oqz", "text": "Full flexibility at my shop", "replies": [], "depth": 1}, {"id": "ht5suvf", "text": "https://youtu.be/LSdQh-B3lJs", "replies": [], "depth": 1}, {"id": "htasv3h", "text": "On the lending side, 100% WFH as of now, but subject to change.", "replies": [], "depth": 1}]