Altabanking, episode 25 with Mary Sorensen

July 28, 2020

Mary Sorensen – Altabanking Interview KSL Radio Transcript:

Segment title: Rethinking the Future of Office Spaces

GRANT: Welcome to Altabanking. Weekly business talk geared toward elevating your financial future. Mary Sorensen is a designer and workplace strategist at FFKR Architects. Welcome Mary! We recently talked about the current state of commercial real estate and what challenges business owners are facing there. Now, we’d like to talk a little more in depth about assessing individual businesses commercial real estate needs. So what should employers be thinking about as they prepare to return to the office?

MARY: Office space is a big ticket item on any business’s balance sheet, so it really is critical to make sure it’s working as hard as possible to support the bottom line. Many of us have realized in the past few months that we don’t need to go to the office to work and as companies look at accommodating these changes, we need to look at the role of the office and make sure we’re maximizing efficiency and utilization. But rather than no longer needing an office space, it actually may be more important than ever to maintain corporate culture, employee connection and engagement, and these are all really critical elements of company productivity and success.

GRANT: Are there ways for businesses to save money when considering how to bring employees back into the office space?

MARY: Well actually, evolving a traditional office to a more agile, activity-based workplace has been proven can increase overall productivity and employee satisfaction and retention. And at the same time, it can decrease overall overhead. These are all positive contributors to the bottom line.

GRANT: We’re seeing historically low rates on commercial loans. So, is now a good time for businesses to put in effort and get a commercial loan?

MARY: You know, I think with all the changes we’re looking at, it’s a really important time to evaluate and think about ways to maximize operational efficiencies and enhance our employees’ wellbeing. And think about how the workplace supports these and other business objectives. So, it really is a great time to invest in the future.

GRANT: Thank you, Mary. This has been Altabanking. Brought you by Altabank. Member FDIC.