Commercial Investment Real Estate is the magazine of the CCIM Institute, the leading provider of commercial real estate education. CIRE covers market trends, current developments, and business strategies within the commercial real estate field.
Issue link: http://cire.epubxp.com/i/700533
July | August | 2016 CCIM.com on the accessibility of its premises to stake- holders. With a location easily accessible to board members, an organization can build its capacity through increased participation of this group. Space Mirrors Impact Choosing a building and space aligned with their organizational identity surprisingly only ranked eighth out of a choice of 10 building attributes. is is a missed oppor- tunity, since offi ce space provides a window into a nonprofi t's mission and culture and has the capability to aff ect funding. Pictures, stories, and testimonials reaffi rm an organization's purpose. In a relatively inexpensive manner, nonprofit organiza- tions have the ability to let their space tell their story. is can be done via both the physical offi ce space and the visual appear- ance of their website and social media. Forward-thinking nonprofi ts are mindful of the balance between image, accountability, and culture. e appearance and identity of a nonprofi t's offi ce space provides a window into their mission and culture. Strategically placed messaging within an organization's premises reaffirms the important work being done and can help to engage employ- ees, volunteers, and anyone who enters the organization's space. ese subtle messages can positively reinforce the organization's purpose and successes, boosting morale and culture, while also reaffi rming with donors and volunteers the very reasons why those individuals support the organization. Collaboration Promotes Creativity Of the respondents, 66 percent had a desire to create more open collaborative space, such as central eat-in kitchen areas, open area meeting spaces, and nonpermanent seating. Open collaborative space has the potential to drive engagement, productivity, impact, and desired culture much more so than sim- ply providing open work areas. Other top desired considerations when making changes to office space included ample meeting areas; more effi cient use of space; better planning for future needs; over- all better design and functionality; and early buy-in from staff . Essentially, a nonprofi t's success hinges on its ability to maximize productivity and ultimately maximize impact given limited capacity and resources. ere exists a fi ne balance between accountability and impact. For a nonprofi t organization, offi ce space is more than just a workplace; it can be a catalyst for impact and promote an organi- zation's identity and purpose. is can result in greater productivity, promote knowledge transfer, attract and retain employees, and, most importantly for nonprofi ts, improve access to potential funding to enhance their ability to deliver on their mission. Peter Davies, CCIM, and Matt Johnson are vice presidents and co-chairs of Colliers Not- for-Profi t Advisory Group in Toronto, Canada. Contact them at Peter.Davies@colliers.com and Matthew.Johnson@colliers.com. NOTFORPROFIT ADVISORY GROUP NOT FOR PROFIT VS FOR PROFIT COMPARISON FOR PROFIT NOT FOR PROFIT PREMIER PRESENCE IN THE FINANCIAL CORE IN CLASS A BUILDINGS MODEST PRESENCE OUT OF THE FINANCIAL CORE IN CLASS B/C BUILDINGS 10-MINUTE WALK TO TRANSIT 5-MINUTE WALK TO TRANSIT 55% STAY OR BECOME MORE OPEN SHRINKING FOOTPRINT 66% MORE COLLABORATIVE MEETING AREAS INCREASED FLEXIBILITY Enhance capacity & attract top talent Buildings are passive indicators of identity Improved engagement, culture, flexibility & knowledge sharing ACCESS COLLABORATION IDENTITY