Tag: CRE

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.

WeWork has committed to its second new Chicago location this year, taking up 93,500 square feet in one of the city’s most bustling commercial real estate markets

Transforming spaces such as hotels, airline lounges, and vacant retail storefronts, Craig Hughes will seek to expand hybrid work environments.

As companies shift to more hybrid models for workers, the survey showed that 39% of the 185 respondents were expected to expand their office presence.