Market Share

The Official Blog for Commercial Real Estate

Tag: office development

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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Modern office space with employees

Inflation, Utilization and the Forces Shaping Office Space Demand

  • December 8, 2022
“We cannot possibly talk about the overall economy without first discussing inflation,” opened Michael Seiler, DBA, during a NAIOP webinar this week. Seiler and Hany Guirguis, Ph.D., author the NAIOP Office Space Demand Forecast.
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Modern office space with green plants

Five Ways Office Developers are Building up the Future of Work

  • December 1, 2022
With remote work in play, the office needs to provide employees with a value proposition that invites them in. In JLL’s 2022 Future of Work Survey, 77% of companies said that they are investing in quality office space to incentivize employees to work from the office. Our research forecasts a flight to quality over the next three years, calling it “a clarion call for employees to take action” – and companies are willing to pay extra for it.
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A Candid Conversation on Office Conversions

A Candid Conversation on Office Conversions

  • October 11, 2022

Converting existing buildings to new uses is a growing trend in commercial real estate. A session during NAIOP’s CRE.Converge 2022 in Chicago this week profiled three projects that provide valuable insights into successful conversions. The Curtis, Philadelphia In 2014, Keystone Development acquired The Curtis, an iconic 12-story office building in Philadelphia, with the goal of […]

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Coworking space

CommercialEdge: Coworking Sector on the Rise as Office Space Demands Shift

  • September 13, 2022

Two and a half years into the COVID-19 pandemic, the office sector is still experiencing high vacancy rates and declining listing rates. Coworking spaces, on the other hand, are making a comeback after seeing their usage swiftly drop with the onset of the pandemic. As office-using business sectors adopt long-term work-from-home and hybrid models, coworking […]

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Economic analysis

Economic Trends Underlying the Urban to Suburban Shift

  • August 8, 2022

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 […]

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Team collaboration

Developing Leaders Spotlight: The Power of Relationships

  • June 29, 2022

From an early age, Alexandra Stoelzle, a recipient of the 2021 Developing Leaders Award, found herself fascinated by the built environment. She decided to pursue that passion in college and graduate school, including with an internship in marketing and development at Kilroy Realty Corporation before joining the company in a full-time role. Stoelzle is known […]

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Image rendering by KSS Architects

Time and Cost Trade-offs for Adaptive Reuse Projects

  • June 20, 2022

At NAIOP’s I.CON East: The Industrial Conference in Jersey City, New Jersey, a sold-out crowd of over 1,000 industrial real estate professionals gathered to hear from experts leading the sector on supply chain challenges and solutions, capital markets, reverse logistics and more. In a panel discussion featuring adaptive reuse projects, James Thaon, associate and branch […]

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