Market Share

The Official Blog for Commercial Real Estate

Tag: office development

To Transform the Nation’s Downtowns, We Need the Public Sector

  • April 29, 2024
In the wake of the coronavirus pandemic, many downtowns across the country remain disquietingly vacant. The U.S. has the highest office vacancy rates since 1992. Some levels of hybrid and remote work are here to stay, and now the commercial real estate landscape faces some tough decisions, offering both challenges, which are clear, and unique opportunities, which are less well-defined but coming into focus.
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Office space

2024 Resolutions for Office Owners and Brokers

  • February 2, 2024
As we start a new year, the office outlook is still mixed. Although more companies are requiring employees to be in the office some days per week, we are far from the high occupancy that many central business districts enjoyed before 2020. Companies are still figuring out their workplace strategies – how often to bring in employees and how to better use their space for the reality of work today.
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Office space

US Office Affordability: How Much Space Can You Rent for $120k/Year?

  • January 23, 2024
As the office sector undergoes transformations in response to evolving work trends and the flight-to quality movement, businesses continue to seek the best office spaces that can suit both their needs and their budgets. For most, the perfect choice may lie in a compromise between location clout and asset quality.
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office space demand forecast

NAIOP Research Foundation: Slow Rebound Expected Ahead for Office Space Demand

  • December 15, 2023
This year has continued to be one of recalibration and reevaluation for office space usage across the U.S. What does the data show about office usage now and what’s ahead? In a recent NAIOP webinar, the authors of the recent office space demand forecast published by the NAIOP Research Foundation explained their research findings.
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1425 after

Adaptive Reuse: Examining the Viability of Conversions

  • November 27, 2023
Adaptive reuse architecture presents a creative and specialized challenge. Understanding basic concepts of conversions is critically important for development professionals, city officials and local communities. Each potential property needs to be evaluated on its own merits to determine the probability of success, and whether the location, costs, timing and existing building layout make sense for a conversion.
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Franklin Tower (Philadelphia)

A Data-driven Plan to Convert Empty Offices into Lively Residences

  • July 6, 2023
In a recent NAIOP webinar, Gensler Principal Steven Paynter, OAA, ARB, explored the firm’s data-driven process for analyzing underused office spaces and determining how to transform them into vibrant and livable residential buildings.
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Office construction

Market Share’s Most Popular Posts of 2022

  • December 30, 2022
Read the full list of what captured the attention of industry professionals this year on Market Share, the official blog for commercial real estate.
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Office space

CommercialEdge: Office Vacancy Rates Rise Nationwide in 2022

  • December 19, 2022
Although many in the industry had assumed that the office market would stabilize in 2022 –  and perhaps even begin to recover pandemic losses – this stabilization did not occur. Rather, wider economic changes; repeated interest rate increases by the Federal Reserve; the further establishment of work-from-home and remote office arrangements; and increasing numbers of office footprint reductions by businesses caused vacancy rates to continue to rise throughout the year, according to the latest CommercialEdge report.
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