Tag: CRE

According to Stefan Weiss, hybrid employees will cut their office time by an average of around 24% and work remotely an average of 1.6 days a week.

Inflation has driven up the price of food, gas, childcare services, and everything in between; and growing wages are still unable to keep up with the pace.

The post-pandemic era is driving the need for flexibility and highly-amenitized workspaces, thus allowing operators to quickly reach pre-pandemic levels.

Fewer commuters, or workers who commute less often, will translate into a shrinking local revenue base and contribute to fiscal challenges for office buildings, and more broadly, local governments. 

There are two mixed-use approaches that could help both sectors: high rises in major business districts, and horizontal developments in suburban areas.

The deal, which is expected to be completed in July of 2022, is 94% higher than Bizspace’s valuation when Sirius purchased the firm last November.

Premier Workspaces is celebrating its 20th anniversary as a flexible office provider. The company now manages over 1.5 million square feet of workspace across the U.S.

IWG will open a 38,000 square foot Spaces location, taking up the ninth through 12th floors and penthouse as it prepares for companies embracing hybrid work policies.

The Circularity Accelerator will release a ‘state of the market’ report that focuses on identifying challenges and opportunities for built environments.

Despite office usage seeing a decent rebound, the analysis notes that vacancies in major cities like New York City and San Francisco are still climbing up.