CRE

Flow promises to transform traditional residential apartments into community-driven environments that feature shared amenities, flexible leases and fully-furnished spaces.

JLL has teamed up with Poag Shopping Centers, which creates and develops open-air lifestyle spaces that incorporate retail storefronts, offices and more.

Over three-quarters (77%) of commercial real estate leaders stated that offering alternative work models is critical to attract and retain top talent.

In May, the company announced that it would be temporarily closing its doors to give employees a chance to recuperate and focus on their wellbeing.

“60% of those currently utilizing half of their office space or less had already downsized their original space from before the pandemic.”

While Manhattan’s leasing volume in July was still 11.6% less than its 2019 average, this growth shows that activity is starting to pick up.

The hotel, which shuttered its operations at the beginning of the pandemic, will be converted into a 438-unit coliving facility that will feature apartments of various sizes.

The office exodus includes its corporate presence in San Francisco, where it will be leaving its Tenth Street space located near its headquarters.

Real estate accounts for around 40% of the world’s carbon emissions, indicating a need for significant changes to how the industry constructs and operates buildings.

While it is uncertain how tenants may approach their office take up in the face of an economic downturn, there are factors landlords can look at to prepare.