As state agencies wait on a possible infrastructure bill from the Biden administration, many are better prepared than they were a decade ago to manage hundreds of billions of dollars in new work. The Federal Highway Administration incentivized state DOTs to...
Office Building Owners Are Entering the Co-Working Market with Their Own Brands
Office building owners that operate multiple locations have recently started launching branded, flexible office spaces across their portfolios, to provide tenants with collaborative workspaces and flexible terms—sometimes at more competitive rates than co-working...
As the Number of Renovation Projects Rises, Older Properties Are Set to Challenge New Office Construction
Office buildings constructed in the 1980s are facing the biggest challenge from the newer properties coming on the market today, but can also best withstand the competition if they are properly renovated, according to industry experts. In gateway cities around the...
Global Office Occupancy Costs on the Rise
The cost to lease prime office space has risen across the globe, in some cases significantly, for the year ending March 31, according to a new report by CBRE. It analyzed 122 markets and found that 85 posted cost increases. Average costs for leasing the best office...
New Research Suggests Individual Work Spaces Increase Productivity
The entire point of the open office is to break down the walls, literally and figuratively, between employees to create a workplace that is more conducive to collaboration; it is basically a design idea that embodies the two heads are better than one idea. But do open...
Flexible Office Space Operators Focus on Add-On Services to Develop New Revenue Streams
Looking for ways to create a better tenant experience and boost their bottom lines, flexible office operators are generating new revenue streams by offering additional on-site services and establishing new business lines. LiquidSpace, a digital marketplace—a sort of...
Workplace Wellness: Top 3 Tips for Fitwel Certification
A bit of history In 1880, infectious diseases were nearly 5 times as prevalent as chronic diseases. Building code aimed to combat this primary public health concern and focused on air health and cleanliness, considerations that are now standard in any space. Chronic...
Office Hoteling Best Practices
Open seating plans, collaborative environments, and a highly mobile workforce: These are office hoteling best practices that have brought fresh energy to workplace design. Yet as with many new strategies that are favorably viewed by a wide cross-section of...
First look at The Assembly mixed-use project in Corktown
A $39 million mixed-use project by Dan Gilbert's Bedrock LLC is opening up for leasing on the residential side on Thursday. I took a tour of The Assembly on West Fort Street near Corktown this morning along with other members of the media who got a peek at a few of...
4.1% Annual Growth in Office Asking Rents Above Five-year Compound Annual Growth Rate
Transwestern’s first quarter national office report confirmed the general opinion that the U.S. office market remains strong, with overall vacancy holding steady at 9.8%. National average asking rents nudged higher during the quarter to $26.63 per square foot,...
Wind Energy, Tall Buildings and Manufacturing Show Breadth and Strength of Midwest’s Top Starts
The Top Starts ranking lists the 100 largest projects to break ground in the Midwest in 2018 in terms of construction cost. The projects reflect a total investment of $30.9 billion. The data was compiled by Dodge Data and Analytics and other ENR sources from our...
Wind Energy, Tall Buildings and Manufacturing Show Breadth and Strength of Midwest’s Top Starts
The Top Starts ranking lists the 100 largest projects to break ground in the Midwest in 2018 in terms of construction cost. The projects reflect a total investment of $30.9 billion. The data was compiled by Dodge Data and Analytics and other ENR sources from our...
HQ2 in Cue: Amazon’s Arlington, Va., Headquarters has Energy-Efficient Design
The idea of Amazon’s new second headquarters, planned for Arlington, Va., is to connect the community. Sure, doing business is the need that is driving the creation of the second headquarters campus of the mammoth retailer, but that campus is being planned with the...
HQ2 in Cue: Amazon’s Arlington, Va., Headquarters has Energy-Efficient Design
The idea of Amazon’s new second headquarters, planned for Arlington, Va., is to connect the community. Sure, doing business is the need that is driving the creation of the second headquarters campus of the mammoth retailer, but that campus is being planned with the...
Smart Buildings Can Optimize Wellness
Despite spending most of our week working, currently only 9.8% of world employees are covered by a workplace wellness program. We know there is a performance gap in the workplace. Employees want wellness initiatives built into their employee experience, especially...
Nissan plans $41 million crash test facility, 25 new jobs in Farmington Hills
Nissan North America Inc. is looking to add a $41 million crash test facility to its tech center in Farmington Hills in a move that would create 25 jobs. The Japanese automaker is in the "final stages of internal review" for the potential project at its Technical...
USGBC receives funding for LEED for Cities and Communities Program
The U.S. Green Building Council (USGBC) received a new $500,000 grant from Bank of America to support the LEED for Cities and Communities Program. The money will be used to support LEED certification of 15 U.S. cities and communities. The grant provides financial...
Smooth Sailing for CRE, But Keep an Eye on the Weather
In today’s low-interest rate environment, real estate continues to be an attractive investment for people who aren’t satisfied with annual returns that are often measured in 10ths of a percent. Consequently, overall investor demand for real estate remains robust,...
Does Wellness Pay Off?
n less than half a decade, the wellness movement has taken hold in the global real estate market. As of mid-April, nearly 2,600 building projects across the globe were either certified or registered through the International WELL Building Institute’s WELL Standard or...
Office Noise Significantly Reducing Employee Concentration, Productivity, and Creativity
Workplace din is making it difficult for employees to get their work done, according to a new report released by commercial flooring company Interface. Noise negatively impacts a majority (69%) of global employees’ concentration levels, productivity, and creativity....
Office Noise Significantly Reducing Employee Concentration, Productivity, and Creativity
Workplace din is making it difficult for employees to get their work done, according to a new report released by commercial flooring company Interface. Noise negatively impacts a majority (69%) of global employees’ concentration levels, productivity, and creativity....
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