CommercialEdge: Office Starts Slump in Gateway Markets, Advance in Sunbelt
- November 11, 2022
CommercialEdge's October office report explains that office starts slumped in gateway markets, but advanced in the Sunbelt.
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 Cushman and Wakefield discussed current trends in goods distribution […]
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; many companies have been slow to transition employees back […]
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 top talent. In a recent NAIOP webinar, experts from […]
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 — and rising inflation rates further deter workers from […]
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 2022 and assessed more than 40 metropolitan statistical areas […]
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 has been averaging just over 40% lately. In fact, […]
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 crept up to 63.1 million in 2021. In March, […]