We now believe the national office market will likely have negative absorption for 2020 and, depending on how long the pandemic lasts, into 2021. Globe Street has a nice overview in the article below my comments. Here are some of my thoughts on the office sector looking forward into the next year. Why negative absorption …
We now believe the national office market will likely have negative absorption for 2020 and, depending on how long the pandemic lasts, into 2021. Globe Street has a nice overview in the article below my comments. Here are some of my thoughts on the office sector looking forward into the next year. Why negative absorption …
Back in July, I sent out a narrative on one of the coolest buildings I have ever seen being built. The REI headquarters promised to be on-brand and in keeping with their ethos. It blended outdoor and indoor space to create a building that perfectly aligned with the company mission. Well, if you want an …
We are spending a fair amount of time in this narrative looking at the issues of office space in a post-COVID-19 world. As I write this, we are still in a COVID-19 “sandstorm” without any real clear direction. However, we can look at the various options that are being thrown out as alternatives. One of …
It is imperative to know the key points of your lease. This means reading beyond the rent and the expiration date. We prepare lease abstracts for all of our clients as a matter of course. Our unique lease abstract form makes sure we capture all the important lease details and maximize your leverage. Why? Because …
The Counselors of Real Estate (of which Andrew and I are proud members) have released their annual top 10 issues affecting real estate. Please read the whole article below. As you can imagine, COVID-19 is currently leading the way on issues affecting real estate. Big shocker. We have written about the pandemic a ton in previous …
As we come out of the COVID-19 quarantine, the number one question I am being asked (other than questions about rent deferment or abatement) is “what is this going to do to the office building layouts going forward?” There are many prognostications and I have prepared my own presentation that I am giving to our …
The hub and spoke concept for companies using office space is an interesting concept. I am not sure it will work. I personally think it will be too complicated for companies to have 2-3 spoke locations for employees. That said, huge companies seem to have no choice as they search for talent. See Tech Crunch’s …
The C.D.C. sent out some “suggested” changes for office space users as we head back into the office. I wanted to take these suggestions and roll them into what we are seeing our clients do on a practical basis. Additionally, the Wall Street Journal has a nice article on what we know about getting infected. You …
Over the past few months of quarantine, the most asked question my team and I have received has been, “Will there even be a need for office space in the future?” Short answer: Yes. Below is a great article from the Wall Street Journal that summarizes some of the critical issues facing companies as we …
