Optimizing the use of office space could save as much as $1 million in annual operating expenses in a three-million-square foot portfolio.
Why we should design spaces that are upgradable and adaptable to match the ever-changing organization.
As retailers close, developers are converting the space into offices to bring in stable rent and generate foot traffic for remaining stores.
Co-working operators are driving absorption of large blocks of space in Los Angeles. In the first quarter, flexible space providers were responsible for the largest leases, with WeWork alone signed 319,000 square feet of space in new submarkets in Greater Los Angeles, according to research from JLL
Boston Properties teamed up with architectural firm Gensler and office furniture firm Steelcase to do extensive interviews with the real estate company’s tenants.
Open office space—whether you call it create office or progressive office—is the most sought-after office configuration these days.
"With a solid pipeline of active tenant requirements, we expect leasing totals to pick up later in the year,” says Nicole LaRusso, director of Research & Analysis for CBRE Tri-State.
Colliers International is partnering with Basking Automation, an occupancy analytics platform startup whose tech is designed to help office space occupants use their space more efficiently.
The next frontier for coworking space is in shopping centers and other retail properties, according to a new report by Colliers International.
The corporate appetite for flexible space continues to grow as around two-thirds of occupiers rank employee engagement (68 percent) and talent attraction and development (65 percent) as two of the three most important drivers of corporate real estate (CRE) strategy.
Office owners are entering the co-working market, providing flexible workspace options to prospective tenants—and they are giving operators stiff competition.
Three months after the internet giant announced it would open a 25,000-job headquarters in New York City's Long Island City neighborhood, the company has changed course.
Despite the changing sentiment—which focuses on developers that would be delivering properties in three years—the current market is still strong.
The 9-to-5 workday has run its course. More people than ever are freelancing, and with this shift, cubicles and restrictive workspaces are on the outs.
Often, a presence of flexible space is most common in newer or renovated office buildings, and that could account for the boost in pricing among some of the properties.
Tech-driven regional markets were key in keeping national office fundamentals strong last year, according to the latest report from Cushman & Wakefield.