It’s Back to Business this Fall in Halifax
Posted on September 08, 2022 | Sponsored Content | 0 Comments
As a summer of record-breaking tourism draws to a close, a change in season has many Nova Scotian businesses shifting focus, looking forward to the coming months with a renewed, post-pandemic confidence. Although obstacles related to rising costs, supply chains, and rising inflation remain, nearly three-quarters of businesses are expecting positive average yearly growth over the next three years.
This is good news to Rita Lytvar, General Manager of Universal Realty Group, whose portfolio consists of 21 commercial properties, covering 1.5 million square feet of office, retail, and warehouse space in the Halifax Regional Municipality. “It’s encouraging. Businesses are back. Businesses are expanding. Owners have told me their employees are excited to be in the office again, that they missed the face-to-face collaboration with their co-workers.”
After years of remote and hybrid work arrangements, a return to the office is back on the boardroom table for most companies, with many encouraging or even mandating on-site presence following Labour Day this September.
The Royal Bank has asked teams to “start coming together in person more often” with CEO Dave McKay asserting that people benefit from working together. “[There’s] an energy and spontaneity that comes from connecting in-person that I don’t believe technology can replicate,” McKay wrote in a recent LinkedIn post. The federal government is also intending for its people to return to the office, with facilities planning that began in Spring for various departments.
“In Halifax, we have a resiliency thanks to our strategic location, competitive cost base, and highly qualified workforce,“ states Lytvar. “The pandemic also helped define us as a haven, an ideal place to live and work. The city is seeing amazing growth and to me, it just makes sense as a place of lasting business potential. It’s time to open our doors wide to the world and transform recent challenges into new opportunities. We have so many innovative companies here, succeeding in Nova Scotia and doing business around the globe. It’s exciting for us and for everybody.”
As a locally-owned company for 30 years, Universal Realty Group is committed to helping new and existing businesses thrive in Nova Scotia.
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