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.
Bright MLS Inks Deal for 13KSF in Bethesda
The Bethesda office space is part of a 24-acre, mixed-use development that also includes 765 apartments, 99 condos, and a 177-room hotel, as well as 80,000 square feet of additional office space and more than 40 retailers. Notably, the campus also provides access to event spaces, such as the private dining options at Owen’s Ordinary and Summer House, as well as the ballrooms at Canopy by Hilton and Pinstripes.
Flexible Workforce Demand Drives Growth of Coworking Sector
Working from home and working near home since the 2020 lockdown have sustained and even lifted the coworking scene nationwide, pegged to be the first commercial real estate sector to fall victim to pandemic physical distancing.
Expert Insights: Christine Mastandrea Discusses Texas Commercial Real Estate
For our latest expert interview, we discussed the Texas commercial real estate market with Christine Mastandrea, adjunct professor in management – real estate at the Jones Graduate School…
Kaufman Borgeest & Ryan Signs New Lease Deal for Midtown Office
Law firm Kaufman Borgeest & Ryan recently closed a 15-year lease deal at Global Holding’s 875 Third Ave. The company will occupy 27,000 square feet of prime Manhattan office space located between East 52nd and East 53rd streets, marking a significant downsizing from its current 48,000-square-foot lease at Silverstein Properties’ 120 Broadway. The move reflects a wider trend of companies adjusting their office space needs to accommodate employees’ preferences for flexible work schedules.
WeWork in Partnership with Yardi Launches WeWork Workplace: An End-to-end Platform for Employee Experience and Workplace Management
WeWork today announced the official debut of WeWork Workplace, a new space management solution built in partnership with Yardi, the leading provider of real estate software.
Top 20 US Metros for Life Science Companies in 2022
We ranked the top 20 U.S. metros for life science companies to start or scale their business in 2022, using up-to-date Yardi Research Data life science real estate information, and the most recent Census and BLS reports on local labour and talent pools.
2022 Office Survey: How Increased Renter Interest is Reshaping the Post-Pandemic Workspace
Asked about the motivation behind their current office search, respondents’ options were relatively evenly spread between the available answers, although the need for a smaller workspace that could accommodate hotdesking or a hybrid system ended up with a slight edge. Nearly a quarter said their search had been prompted by a need to downsize their office footprint. Various real estate professionals we’ve asked for insights into the office market also highlighted renters’ shift towards smaller workspaces throughout the last couple of years.
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.
