CommercialEdge’s October office report explains that office starts slumped in gateway markets, but advanced in the Sunbelt.
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At CRE.Converge 2022 this week, panelists Patti Miller, vice president at E.E. Reed Construction; Michael Anderson, senior project manager at DLR Group; Keith Largay, senior managing director and Chicago office co-head at JLL; and Carolyn Salzer, director and head of Americas logistics and industrial research at […]
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While some economic indicators, including employment numbers, consumer confidence and inflation appear to be trending positively, the commercial real estate market is still contending with the challenges of the past two years. The once-booming office sector in Chicago and the surrounding suburbs was hit particularly hard; […]
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Remote work has become the norm for many employees since the beginning of the COVID-19 pandemic, with no indication that full-time office attendance will return anytime soon – if ever again. The ongoing labor shortage compels companies to adapt their work-from-home policies to recruit and retain […]
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Two and a half years after the pandemic began, the short-term future for the office sector remains uncertain, with record vacancy rates adding to the industry’s woes, according to a recent office report from CommericalEdge. And as hybrid and work-from-home business models continue to take hold […]
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Growth in the life sciences sector has driven demand in recent years for both commercial real estate space and labor to accommodate this specialized sector. A new study by commercial real estate platform CommercialCafe set out to identify the best metros for life science companies in […]
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Just a little over two years ago, remote and hybrid work models were viewed as anomalies, but now, these trends appear to be here to stay. According to office security experts Kastle Systems, despite concerted health policy efforts to limit the spread of COVID-19, office attendance […]
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Despite widespread predictions that the COVID-19 pandemic would put an end to office buildings, construction has persisted — albeit at a reduced rate. While ground was broken on 86.4 million square feet of new supply in 2019, the number dipped to 58.4 million in 2020 and […]
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According to property research and listing service CommercialEdge, 592.5 million square feet of industrial space was under construction as of March 2022, with another 600 million in the planning stages. With demand driven by online retail and growing logistical needs at a global level, industrial has […]
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Low industrial vacancy rates and high rents, combined with a limited supply of undeveloped land in the Southern California market, are leading more developers to turn to conversion and redevelopment to meet record demand for industrial space. Zac Sakowski, senior managing director at JLL, and Jake […]
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