4 Things Industrial Buildings Can Learn from Amenity-Rich Office Buildings

The biggest challenge the industrial sector faces today is retaining employees. If offices are decked out with extravagant amenities and high-end technology, why aren’t warehouses designed with the same type of look in mind? The bottom line is amenities make people want to come to work. For distribution and warehouse centers, it is often difficult to match the appeal of an amenity-rich office building, but here are a few ways industrial buildings can level up. […]

These are the Office Markets with the Largest Operating Expenses

The total operating expenses include all expenses necessary to operate an office property including maintenance, repairs, utilities, cleaning, roads and grounds, administration and security. Let’s take a look at the office markets that boast the largest operating expenses according to Building Owners and Managers Association (BOMA). 1. New York New York tops the list with the highest operating expenses. Cleaning: $3.46/SF Repairs/Maintenance: $3.52/SF Utility: $3.34/SF Security: $1.14/SF Total Operating Expenses: $12.95 Fixed Expenses: $14.98 2. […]

6 Tech Amenities All Office Tenants See as Must-Haves

Today’s tenants demand a lot from their office spaces, particularly when it comes to technology. An office space can do wonders in attracting and retaining talent with the tech amenities being at the top of many tenants’ wish lists. Here are six tech amenities all office tenants see as must-haves. Applications Hosted in the Cloud The Cloud is what propelled the flexible work generation. This allows people to work from virtually anywhere that has a […]

5 Trends in Coworking We’re Watching for 2019

Coworking has boomed in the past five years and has grown in popularity, not only among independent workers and startups but also with corporate users as well. As coworking becomes a norm, we expect to see many additives and changes to the co-working space in 2019. Let’s take a look at a few of the trends we expect to see for coworking in 2019. Coworking Will Continue to Have an Impact on Commercial Real Estate […]

4 Things to Know About Occupancy Sensors and CRE

According to Condeco, the typical office utilization rate is just 39 percent, meaning many offices simply have too much space, which is why they employ occupancy sensors to determine where they can downsize and what spaces are not being used frequently or at all. Here is a brief description of how occupancy sensors work, what they cannot do and what benefits they can offer building owners and tenants. How Do Occupancy Sensors Work? There are […]

Grab a Bite to Eat and CoWork, Too? Restaurants Jump into CoWorking

When you think about it, it makes sense to turn restaurants into CoWorking spaces. The CoWorking model emerged after 2008 when the economy was in freefall and unemployment was in the double digits in many places. Coffee shops became the place to network, start a business, do freelance and contract work – anything to make money when there were no jobs. Thos café entrepreneurs soon began launching businesses to great success. Many who left the […]

This is What the Office of the Future Looks Like

In the future, connectivity may be an even more important factor when purchasing office space than location or price, some are predicting. Just like every office first had to be wired for telephone systems, then coaxial cable for the internet, and now wireless, in the future Smart technology will be standard for all office buildings. Office space itself is already changing dramatically. More often than not, there are multiple companies in one building instead of […]

Should You Add a Co-Working Space to Your Office Property?

At first, co-working spaces made sense largely for startups and independents. Now everyone is using them. Turns out, it’s a cost saver even for established businesses. Unlike a traditional office lease, tenants don’t have to go through months and months of negotiations and paperwork processing for co-working space. They aren’t even responsible for providing electric, internet, and a lot of office equipment to their employees – that’s the office owner’s responsibility. With studies showing that […]

5 Reasons to View Flexible Space as an Amenity to Attract Tenants

WeWork started the concept but it has only grown and expanded from there. The co-working or flex space model which began in NYC is fast becoming the new Uber of commercial office space. With large corporations abandoning the traditional work model for more flex space, it is changing how landlords attract and retain tenants. Recently, landlords are discovering that they can use their building’s flex space as an amenity to attract tenants. Flex space isn’t […]

5 Reasons Open Floor Plan Offices Are Out of Style

For years now, office building owners have been tearing down walls and taking out cubicles, opting for more open floor plans in order to cater to younger workers – so they thought. Staples conducted a survey of the bulk of the workforce today (millennials and GenXers) and found that more than a third, 40% of them find open floor plans disruptive, making it “difficult to focus.”   Workers Want Both Wall seating, benches, couches, partial […]