Is your office environment considered healthy? For the past two years companies have focused primarily on sanitized work stations and common areas, but recent studies show the importance of what clean air quality and ventilation can have in the role of preventing the spread of Covid-19 variants. https://www.cnbc.com/2021/11/06/healthy-buildings-can-help-stop-covid-19-boost-worker-productivity.html?__source=iosappshare%7Ccom.apple.UIKit.activityRead More
What do Chicago’s Fulton Market and Charlotte’s South End have in common? Both of these neighborhood’s office supply space has more than doubled over the past half-decade, growing from meatpacking and warehouse space, to mega name-brand offices. Read more about these transitional neighborhoods below. https://product.costar.com/home/news/shared/1430144104?utm_source=newsletter&utm_medium=email&utm_campaign=personalized&utm_content=p1&t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiI0ODE0OTc1IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTY0MDAxMjU3Nn0.mnCG3ONlxw1d5yeh9nHFRs26xXA3-gqMTlskT2fPTesRead More
Facebook’s stake of Austin commercial real estate isn’t slowing down. The social media conglomerate has leased 589,000 square feet across 33 floors in a new build in downtown Austin. Read more from Bloomberg on Meta’s plans for hire. https://www.bloomberg.com/news/articles/2022-01-09/meta-expands-in-texas-with-major-office-lease-in-downtown-austinRead More
As big tech companies continue to move offices and headquarters to Austin, “the influx of personnel and expertise is excellent news for investors since not only do the employees fill up apartments quickly — keeping occupancy rates high — but they also pay higher rents for homes appointed with the right amenities.” Read Forbes latest article on...Read More
This year, retailers pulled in $8.9 billion in Black Friday online sales. The products that are ordered and sent home are stocked in warehouses all over the US. According to JLL estimates, “the U.S. may need an additional 1 billion square feet of new industrial space by 2025 to keep up with demand.” Read more...Read More
Can the one thing that’s inflation-proof be land? Watch Bill Smead, chief investment officer at Smead Capital Management on CNBC’s video about the benefits of investing in land and your home. https://www.cnbc.com/video/2021/11/17/watch-cnbcs-full-interview-with-smead-capital-managements-bill-smead.htmlRead More
Reports show that sublease availability across Australia’s major cities has now fallen to the lowest level in a year, despite Australia’s covid lockdown restrictions. Mark Curtain, Pacific Head of Office Leasing Mark Curtain at CBRE stated, “we expect sublease availability to continue to decline in most markets over the coming months as occupier demand increases...Read More
In an effort to decelerate climate change, Ithaca, New York voted to decarbonize and electrify buildings in the city as they strive to go completely carbon neutral by 2030. Read more about their aggressive timeline and the companies that will partner to help them achieve their goals. https://wamu.org/story/21/11/06/to-fight-climate-change-ithaca-votes-to-decarbonize-its-buildings-by-2030/Read More
We’ve all heard it – Austin is “booming.” Tech companies and other industries continue to re-locate or open new offices in Austin. Read the latest on who’s moving and what that means for Austin real estate. https://austin.culturemap.com/news/real-estate/11-01-21-report-austin-one-of-top-commercial-real-estate-markets/ Read More
You might have seen Hulu’s WeWork documentary by now. After originally being valued at $47 billion, the company is going public this month under “WE” ticker, being valued closer to $9 billion. Read below to hear what Marcelo Claure, WeWork’s chairman has to say about going back to work and the future of the company....Read More
