In dynamic economies like North Texas, having access to the right labor while controlling human capital cost has become increasingly important. More and more companies are choosing North Texas as their new corporate homes and the fight for talent is becoming fierce. Employees have growing options and competing employers are striving to create enticing “utopic” workspaces. In the end, the companies that have figured out how to attract and retain the right talent while managing human capital costs will win.
Over the past few years, real estate advisors have noticed human resources departments having an increased amount of input on real estate decisions. Companies can no longer separate the correlation or impact one has on the other. Although real estate costs are typically much lower than human capital costs, companies have learned that they can leverage real estate to increase productivity and decrease human capital costs.