Office
Read the latest real estate industry news with a focus on traditional office space leases, office property sale transactions, new office project construction and adaptive reuse repositioning programs, and more.
U.S. Energy Production and Consumption in 2021: On Its Way to Recovery, Commercial Usage Grows 3% Y-o-Y
2021 was marked by several attempts at resuming life and work, albeit within a changing and challenging new environment. Industrial power consumption picked up, and residential usage increased further still, but it’s important to note that remote working hasn’t made offices obsolete – as news of big companies either investing in prime real estate, renewing, or expanding their leases has continued to pour in. However, it has shifted expectations regarding the future of workspaces – not in the least in terms of optimizing energy usage.
Sustainability & Occupant Health Take Center Stage in Largest Office Projects Coming Online in 2022
The largest office projects due in 2022 demonstrate a strong interest in better and more sustainable building practices, as well as healthier workplaces.
IBM to Occupy 328,000 Square Feet at Flatiron District Office
IBM has been looking for a suitable location to consolidate several of its existing Manhattan offices, including 590 Madison Ave. and 51 Astor Place. The company’s footprint at One Madison will be smaller than the combined square footage of its older office spaces, but it will benefit from a host of amenities that will be added during the development, which is being led by Kohn Pedersen Fox Associates and is expected to be completed in November 2023.
2022 U.S Office Market: Expert Outlooks
We’ve witnessed some major changes in the last couple of years due to the COVID-19 pandemic — and the office market is no different. So, as people slowly…
3 Ways to Improve Property Listings in 2022
Good CRE website design is just the first piece of the property listing marketing puzzle. Once you lay that foundation, you can build on it. Specifically, that means getting the word out about your listing by sharing it.
Expert Insights: William G. Hardin Discusses the Office Market Trends in 2022
For our latest interview in the Expert Insights series, we had the pleasure of chatting with Dr. Hardin about the trends and predictions for the office market in…
Top 50 Office Deals of 2021: Life Science & Medical Offices Take Center Stage
One of the surprising findings in this analysis is that no New York City office property sales in 2021 ranked among the top three transactions.
CIM Signs Office Lease with CNY Group at 1440 Broadway
CNY took 34,000 square feet of Midtown office space for rent at the CIM Group property on Broadway, to serve as the company’s headquarters.
Datasphere Pays $80 Million for North Atlanta Data Center
The asset, located in the country’s seventh-largest data center market, also includes available land for an additional 140,000 square feet of office space and data center facilities development.
How Embracing Predictive Adaptability Will Transform the Office Space of 2022 and Beyond
As the pandemic showed over the last two years, workplaces and work models need to be designed with predictive adaptability in mind. Innovations such as hybrid work and hot-desking enabled by occupancy management software will be central in future-proofing the office spaces of 2022 and beyond.
