Real Estate

Q2 National Office Snapshot: 5 Things To Know

Q2 National Office Snapshot: 5 Things To Know

Nationwide office fundamentals were strong in Q2 despite a marked slowdown in new job gains and a wave of new deliveries that came online during the quarter. “Even eight years into the cycle, office-using job creation remains healthy and solid in most markets. … However, we have blown past full employment in certain cities, which means job growth is going to slow in certain spots and accelerate in others as businesses broaden their search for talent,” Cushman & Wakefield Chief Economist Kevin Thorpe said in a statement.

BCO predicts how Brexit might impact on demand for office space to 2022

BCO predicts how Brexit might impact on demand for office space to 2022

Commercial property occupiers remain cautious about the future, and hard data indicates that demand has, so far, been largely unaffected by Brexit, claims a new report from the British Council for Offices (BCO) . ‘Brexit and its Potential Impact on Office Demand’, examines how Brexit might impact on demand for office space on a national and regional basis through to 2022

Don’t be fooled: Seats are not people

Don’t be fooled: Seats are not people

In an office planning world where seats no longer automatically equate to people, ratios matter. Concurrent shifts toward greater workplace density and desk-sharing are challenging a decades-old notion that “people” and “seats” are interchangeable for planning purposes.

The Future of Amenities: Amen(c)ity Tower

The Future of Amenities: Amen(c)ity Tower

Amenities have typically ranged from providing daily conveniences (dry cleaning, food courts, etc.) to recreation or health (gyms, saunas, clinics, etc.). To appeal to a younger generation, building owners are in a race of amenity one-upmanship, with popular amenities like table tennis and complimentary food becoming less of a differentiator than health complexes, basketball courts and hair salons.

Accommodating a liquid workforce

Accommodating a liquid workforce

The rise of the liquid workforce is transforming the way people work together, with demand soaring for freelance services and a growing pool of talent ready to supply it. Over the past five years, the number of contingent, “on-demand” workers has spiked, now comprising roughly 30 percent of the U.S. workforce. And yet, full-time talent recruitment and retention remain a vital part of the equation, considering clear benefits such as institutional knowledge and long-term employee engagement.

theMart's New Neighbor: Second Wolf Point apartment tower cleared to rise along the Chicago River

theMart's New Neighbor: Second Wolf Point apartment tower cleared to rise along the Chicago River

There's soon going to be much more opportunity to live next door to NeoCon. The second phase of the three-skyscraper project at Wolf Point scored its first building permit today. Located at the confluence of the Chicago River’s main, north, and south branches, the upcoming tower will occupy one of the city’s most visible downtown sites. With the official all-clear granted by City Hall, the relatively compact peninsula will soon be swamped with crews working to construct the 60-story rental apartment tower known as Wolf Point East.

Commercial property giant acquires controlling stake in London based flexible office provider

Commercial property giant acquires controlling stake in London based flexible office provider

While we should never read too much into a single piece of business, the news that one of the world’s largest property investors is buying a young and still growing British flexible office provider is surely a sign of things to come. As Blackstone, a private equity giant with £140 billion of real estate assets worldwide acquires a controlling stake in The Office Group for £500 million, we must view the deal in the context of a market in which the most dynamic players are WeWork and its contemporaries. The Office Group has grown from seven buildings to thirty-six since it was founded in 2003 and provides flexible office and coworking space to start-ups, freelancers, small businesses and increasingly, corporates such as Facebook, Dropbox and British Gas.

The workplace experience will define how real estate enables business transformation

The workplace experience will define how real estate enables business transformation

JLL has Tuesday launched ‘Workplace powered by Human Experience’, a new global report series and accompanying tool, the ‘Human Experience model’, looking at how workplace experience can help businesses thrive in the new world of work. Findings of the report, which is part of JLL’s recently launched Future of Work research program, are based on consultations with decision makers at 40 corporations around the world and the results of a separate, anonymous survey of more than 7,300 employees working for companies with more than 100 members of staff.