Philip Blumberg Blog

Blumberg Capital Partners in U.S. News & World Report

A report from Blumberg Capital Partners was recently featured in U.S. News & World Report. Forget the Recession - I Want a Better Chair

An excerpt:

Large-scale layoffs were up in March from a year ago, a fact that could have many workers fretting about their job security. But some are apparently focused on less extreme problems, like the shoddy artwork in their office hallways.

Blumberg Capital Partners, a real estate investment firm, surveyed U.S. office workers and reports they have a wide variety of complaints about their office conditions, from "It’s so boring, all blah colors, no fun" to "The lighting is very harsh and causes eyestrain and migraines."

Blumberg Capital Partners in the News

A report from Blumberg Capital Partners was recently featured on Banker & Tradesman Online. Office Workers Vent on Extreme Temperatures, Messy Restrooms, Rodents and 'Dumpy' Workplaces

An excerpt:

Philip Blumberg's Blumberg Capital Partners releases verbatim comments and regional comparisons from landmark office worker survey; 'I wish the building had windows'.

The survey was commissioned to gauge the impact of office building conditions on worker attitudes, productivity and motivation. Initial findings, released in January 2008, unveiled a litany of common problems, including extreme temperatures, insects, leaky ceilings, rodents and messy bathrooms. The survey also found that a third of the workers have accepted or left a job due to building conditions or amenities. Nearly half described their office environments as "bland," "dumpy," or "stodgy."

Blumberg Capital Partners in the News

A report from Blumberg Capital Partners was recently featured on ADVFN News. Office Workers Vent on Extreme Temperatures, Messy Restrooms, Rodents and 'Dumpy' Workplaces

An excerpt:

Philip Blumberg's Blumberg Capital Partners (http://www.blumbergcapitalpartners.com/), the U.S. investment firm and commercial real estate investment fund, today released verbatim comments and regional comparisons from its landmark survey of office workers. The comments from the survey respondents highlight the range of conditions under which U.S. office workers toil.

In the survey, a full interactive version of which is now online (http://blumbergcapitalpartners.com/index.php), workers note a lack of basic needs, such as hot water in restrooms, clean carpets and comfortable chairs, while others seek higher-end amenities like workout facilities, free snacks and coffee, and nap rooms. Among the comments: "I wish the building had windows," and "Build separate men's and ladies' rooms to replace the unisex bathroom."

Blumberg Capital Partners on CNBC

Blumberg Capital Partners' office worker survey results were featured in an article today on CNBC. What Office Perks Really Matter? You’d Be Surprised

An excerpt:

Forget job perks like access to the company car or a cushy expense account. Keeping and recruiting employees might be as easy as keeping the bathrooms clean.

One-in-three employees surveyed by Blumberg Capital Partners, a U.S. investment firm that specializes in commercial real estate, have accepted or left a job due to the condition of the building or the amenities.

"Office conditions, indeed, directly impact employee retention, recruitment, and productivity," said Philip Blumberg, chairman and CEO of Blumberg Capital, in a statement.

The biggest complaint among the 500 office workers surveyed was extreme temperatures in the office followed closely by unclean restrooms, outdated furniture, persistent odors, leaky ceilings, crime and rodents or insect problems.

Blumberg Capital Partners in the News

Blumberg Capital Partners' release of verbatim comments and regional comparisons from the landmark office worker survey was recently featured on SunHerald.com. Office Workers Vent on Extreme Temperatures, Messy Restrooms, Rodents and 'Dumpy' Workplaces

An excerpt:

Philip Blumberg's Blumberg Capital Partners, the U.S. investment firm and commercial real estate investment fund, today released verbatim comments and regional comparisons from its landmark survey of office workers. The comments from the survey respondents highlight the range of conditions under which U.S. office workers toil.

In the survey, a full interactive version of which is now online, workers note a lack of basic needs, such as hot water in restrooms, clean carpets and comfortable chairs, while others seek higher-end amenities like workout facilities, free snacks and coffee, and nap rooms. Among the comments: "I wish the building had windows," and "Build separate men's and ladies' rooms to replace the unisex bathroom."