New York City commercial real estate is getting more expensive. Again. From Midtown towers to downtown creative hubs, the price per square foot continues to rise while corporate budgets are expected to do more with less. Recent reports and industry analyses highlight climbing rents and renewed...
Ease into the week – and then back out. That’s what employees want. Mondays and Fridays at home with all team meetings Tuesday through Thursday. It’s creating a bell curve of occupancy – predictable, sure, but strains operations and inflates the cost of use due to uneven occupancy distribution....
Recent reports indicate a surprising trend in the commercial real estate market: despite high overall vacancy rates, companies are struggling to find the right office space. This paradox highlights a critical issue in the current market – the mismatch between available space and tenant needs....
Picture a future where your building’s energy consumption is perfectly in sync with its actual needs. This is becoming a reality through the power of occupancy analytics, a game-changer for optimizing HVAC systems and advancing sustainable practices. By leveraging occupancy data, property managers...
Occupancy analytics have become table stakes in the corporate real estate landscape, accelerated by mandates from organizations like OBM Management Procedures Memorandum No. 2024-01 and insights from CBRE surveys. As businesses increasingly recognize the importance of data-driven excellence,...
In the never-ending battle between hybrid flexibility and in-person work, the landscape has been evolving so frequently that the true winners are those who can keep up with the changing tides. With exhausted managers, tightening budgets, and Gen Z hitting the workforce hard, space planners are...
As companies gear up for a post-summer surge in office attendance, the pressure is on for key stakeholders to optimize their office space management. The latest trends indicate a complex landscape where utilization metrics are indispensable for making informed decisions on leases and operational...
From Office Boundaries to Anywhere Freedom and Back Again In the dynamic landscape of work culture, the pendulum has swung dramatically over the past few years. Before the pandemic, the expectation was clear: employees were to be in the office Monday through Friday. While physical presence was...
Event before the pandemic, the impact of hybrid work models sparked profound changes in how organizations perceive and utilize office spaces. As companies navigate the shift towards remote and flexible work arrangements, discussions around workplace experience, real estate strategy, and employee...
Like a stock portfolio in equity investing, a commercial real estate (CRE) portfolio is a collection of assets owned by an individual or entity. In real estate, that asset is property — either residential, commercial, industrial or land. People with large real estate holdings rely on their...
Commercial real estate is experiencing a period of drastic change that is causing property managers and space planners to more closely scrutinize office space utilization. In many cases, they’re looking at mothballing floors, wings, and even entire buildings to reduce operational costs and...
Business continuity plans rarely include remediation and protection of assets like office buildings — a process called mothballing. When buildings and equipment shut down for an extended period of time, as what happened in the months following the outbreak of the COVID-19 pandemic, sufficient care...
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