CRE

A study from the University of Bristol suggests that the humidity of an office environment can impact how infectious the Covid-19 virus is once airborne.

The Guild is an apartment management company that offers short and long-term leases that accommodate the growing population of remote workers and digital nomads.

Coliving operator Common has opened 80 new coliving units in Jersey City’s The Agnes building, adding onto other units it opened in early 2021.

Meta, the parent company of Facebook, has signed a lease to take up 33 floors totaling 589,000 square feet in Austin’s largest skyscraper, Sixth and Guadalupe.

As the office real estate market continues to struggle with the uncertainty of the pandemic, flexible workspace operators are positioned for success.

Rockrose Development has purchased the remaining stake in an East 26th Street office building in NoMad, asserting its confidence in New York City’s office market.

Over the last year, former WeWork CEO and cofounder Adam Neumann purchased majority stakes in over 4,000 apartments, which are worth just over $1 billion.

Research from various brokerage firms has shown a slightly optimistic view as office occupancy numbers grow, but this data does not tell the full story.

The office market may not reach its pre-pandemic levels until 2024, but growing demand from various new startups could open more opportunities for the industry.

Commercial real estate turned to innovative practices during the pandemic, and the future of the industry will continue to rely on these advancements to thrive.