Philip Blumberg Blog

Blumberg Capital Partners in the News

A report from Blumberg Capital Partners was recently featured on Reuters.com. When It Comes to How They Feel About Their Offices, Workers Blow Hot and Cold

An excerpt:

Blumberg Capital Partners, the U.S. investment firm and commercial real estate investment manager, today released results of a national survey to gauge the impact of office building conditions on worker attitudes, productivity and motivation. The poll was conducted in December. Some of the top-line results:

One in three workers surveyed said they have either accepted or left a job due to “the condition of the building and/or the amenities offered.”

Nearly half said their office buildings and office environments are either “bland” (36%), “dumpy” (7%) or “stodgy” (4%).

The most-frequent complaint (47%): extreme office temperatures due to poor heating, air-conditioning and ventilation systems.

About a quarter of the respondents said the cleanliness of their buildings is either “marginal” or “appalling.”

One in three workers said they’re concerned about getting sick or injured from unhealthy or unsafe building conditions.

Fully 80% of workers said the overall condition of their office buildings affects how they perceive their employers.

The vast majority (69%) confirmed that the condition of their office buildings affects their own individual productivity and motivation.

Blumberg Capital Partners in the News

Findings from a Blumberg Capital Partners report were recently featured in Human Resources Executive. When Good Offices Go Bad

An excerpt:

Many workers don’t like their office buildings — and are willing to quit their jobs over it — a survey has found. They put the blame squarely on their employers — who, too often, focus more on location rather than daily working conditions.

One-third of office employees worry their buildings are unhealthy or unsafe, and 20 percent say conditions in their offices are hurting productivity and motivation, a new survey has found.

The survey results could be a wake-up call to building owners and employers, says Johnny Winton, president of Blumberg Capital Partners, the Coral Gables, Fla.-based commercial real estate investment firm that commissioned the survey.

Blumberg Capital Partners in the News

A report from Blumberg Capital Partners was recently featured in Deseret Morning News. Most baby boomers believe their nest eggs could crack

An excerpt:

33: Percentage of workers who say they have either accepted or left a job due to the condition of the building and/or the amenities offered, according to a national survey by Blumberg Capital Partners.

47: Percentage of workers who described their office buildings and office environments as either "bland," "dumpy" or "stodgy."

1, 2, 3, 4: Ranks of covered parking, subsidized cafeteria or restaurant, fitness or workout center, and on-site day care on the list of the most important office building amenities.

Blumberg Capital Partners in the News

A report from Blumberg Capital Partners was recently featured in an article on Reuters.com. Most Workers Would Rather Have Their Own Birthdays Off in Lieu of Commemorating Washington and Lincoln's

An excerpt:

Blumberg Capital Partners, the U.S. investment firm and commercial real estate investment manager headed by Philip Blumberg, today released additional data from its recent national survey of office workers.

Nearly half of office workers surveyed cited their own birthdays, when asked to rank their top choice for company-sponsored holiday among several days typically included among "floater" days. The choice far outpaced all other options, including Valentine's Day and Presidents' Day.

Blumberg Capital Partners in the News

A report from Blumberg Capital Partners was recently featured in the Miami SunPost. The Good, Bad and Ugly Offices

An excerpt:

The results of another one of those surveys revealing things we’d rather not know have been announced - this time from Coral Gables commercial real estate investment and management firm Blumberg Capital Partners. The national survey conducted last December gauged the impact of office building conditions on worker attitudes, productivity and motivation, and discovered that one in three workers surveyed has either accepted or left a job because of ìthe condition of the building and/or the amenities offered.

Blumberg Capital Partners in the News

A report from Blumberg Capital Partners was recently featured in Facilities Management News. Survey finds workers miffed by extreme office temperatures

An excerpt:

Blumberg Capital Partners, the US investment firm and commercial real estate investment manager, has released results of a national survey to gauge the impact of office building conditions on worker attitudes, productivity and motivation. Among the results, one in three...

Blumberg Capital Partners in the News

A report from Blumberg Capital Partners was recently featured on KSBI-TV. When It Comes to How They Feel About Their Offices, Workers Blow Hot and Cold

An excerpt:

"We're entering a new era in commercial real estate, where premium services and amenities and employee-friendly facilities will differentiate office buildings and employers," said Philip Blumberg, chairman and CEO of Blumberg Capital Partners. "The survey results illustrate just how much of an impact office environments and ergonomics have on attitudes and overall employee productivity. The results also offer a unique glimpse into the current state of U.S. office buildings and the mindset of today's office worker."