Contract furnishings provider, Hightower received multiple awards at NeoCon 2021, including IIDA's 'Best Small Showroom' (under 4,000 sf) and 'Best of Competition' for its newly designed Chicago showroom.
Humanscale welcomes Elizabeth Margles to its Marketing Division in the role of Chief Marketing Officer. Margles comes to Humanscale with twenty years of experience in design, fashion and retail and a background in public relations and advertising.
The exclusive relationship with Kontrol's BioCloud® Technology will provide real-time detection of airborne pathogens such as SARS-CoV-2 to help make workplaces safer as organizations return to the office.
Landlords are eager to fill empty spaces with paying tenants, and corporations and employees are weary of 100 percent remote working that can negatively impact workplace culture, productivity, and spontaneous creativity. Because we understand that remote work is feasible and the in-person office work is valuable, the hybrid model is here to stay.
Amazon is moving forward with plans for three more office towers at its second headquarters, just one year after it began construction on the first two buildings.
For office developers to be successful in this fluid environment, it is necessary to predict what the environment will look like in three to five years.
Certifications ranking health in office buildings are cropping up in major real estate markets as COVID raises the stakes on employee wellbeing.
Most corporate offices remain depopulated, even empty, and landlords everywhere worry what the future holds.
Technology companies across the country expect to need less office space in the coming years, a sign of falling demand in the commercial real estate market.
Commercial real estate has been profoundly impacted by the COVID-19 pandemic. Some estimates for office space in particular are projecting global vacancies to continue to rise through 2022, and officials in some struggling city markets are no longer predicting a long awaited “bounce back.”
Tenants are embracing robust work from home programs, with a projection of 12-30 percent of the workforce classified as remote workers long-term.
Outdoor spaces not only help to protect against transmission and spread of the coronavirus but being outdoors can boost people’s moods and health overall.
Velocity, volume and asking rents all fell to—or by—record-lows, while the largest amount of supply became available in over a decade.
With the coronavirus pandemic freezing international, business and convention travel, many hotels are turning to a group of consumers they’ve never before relied upon for revenue: local residents.
Office users have been shedding office space and moving to denser workplace models for years—and there office absorption rates were experiencing a structural decline.
Hastily enacted regulations addressing a fast-unfolding pandemic have introduced a layer of complexity around leases between tenants and landlords.
Demand for office space has decreased 20% more during the pandemic than it did during the Great Financial Crisis.
While many office professionals will remain remote into 2021, eventually companies will bring employees back to their workplaces for collaboration, to boost company culture, and to regain a separation between work and home. In the meantime, work continues in many office build-outs, including those in historic buildings that present the unique opportunity to blend history and modernity.
The recovery of the U.S. office market from the impact of the coronavirus pandemic and recession is going to be a slow process, likely stretching beyond 2024, Cushman & Wakefield predicts in a new report on the future of office space worldwide.
The recovery might be slow, but the pandemic doesn't necessarily mean the end of established patterns of office space use.
"Even though the impact of work-from-home trends will slow the office market recovery, the overall growth in office-using job sectors along with many other factors — including agglomeration, culture/branding, and productivity — indicate that the office will continue to play an important role in the economy going forward,” Cushman & Wakefield Global Head of Forecasting Rebecca Rockey said in a statement.
The report predicts that the U.S. office sector will lose about 145M SF of office occupancy in 2020 and 2021 as the result of the economy losing a net 1.7 million office jobs. As of Q2 2020, the office sector has already lost 23.1M SF of occupied space nationwide, with negative absorption continuing for at least another 18 months.
"We don’t see this as continuing in the virtual realm, as people look forward to networking at the event and appreciate how it brings the industry together.”
A Q&A with Savills’ Doane Kelly reveals that knee-jerk reactions to office occupancy, while understandable, won’t prevail once things clear up regarding the lasting effects of the pandemic.
