Real Estate

Comparing BOMA 2010 and 2017 Office Standards

Comparing BOMA 2010 and 2017 Office Standards

This fall, the Building Owners and Managers Association International (BOMA) will release the latest version of its Office Standard, which provides a uniform basis for measuring rentable area in both existing and new office buildings. The 2017 version will adopt the best practices learned from the 2010 Standard and seeks to accommodate design and amenity trends, which have evolved since the previous standard was released.

Corporate real estate strategies in Europe: How does flexible office space help?

Corporate real estate strategies in Europe: How does flexible office space help?

Interest in flexible office space has ballooned in recent years. In London take-up by flexible office space providers accounted for over 7% of leasing activity in the past three years, up from 1-3% for most of the previous decade.  Other cities such as Paris and Berlin have also seen rapid growth. Why?

How Amazon’s Nonstop Growth Is Creating A Brand-New Seattle

How Amazon’s Nonstop Growth Is Creating A Brand-New Seattle

Today, Amazon says it has about 8.5 million square feet of space in Seattle (though some real estate sources estimates the figure as closer to 10 million). This gives it roughly 19% of all of the city’s “Class A” (high grade) office space, and about 70% of new downtown office space added in 2016 was exclusively for Amazon.

Office sector undergoing transformational structural disruption in response to changing supply and demand

Office sector undergoing transformational structural disruption in response to changing supply and demand

Amid varying economic performances and property fundamentals, North American and European office leasing markets are generally performing well as they undergo an important shift in dynamics influenced by trends transforming both occupier demand and the supply of new product. Traditional drivers of demand are being joined by emerging disruptors that will increasingly shape the future of the office-space market and commercial real estate as a whole.

Data-Driven Real Estate Reporting

Data-Driven Real Estate Reporting

Steelcase research reports only 54 percent of real estate is used. Now, new Financial Accounting Standards Board guidelines starting in 2019 require organizations that lease property for more than 12 months to recognize those leases as assets or liabilities. This big change to balance sheets makes it more important than ever for leaders to understand how and if spaces are being used.

Corporations are leaving suburbs: Can anything reverse the trend?

Corporations are leaving suburbs: Can anything reverse the trend?

Corporations’ flight from the suburbs to cities can play out like a bad breakup: One party has moved on and found someone new, while the other puts on a brave face and pretends it doesn’t matter. Each may even be seen hastily courting others to show their previous partner that they’re okay. But there’s no way to avoid it. A once-promising relationship has ended.