The ongoing pandemic has turned many industries upside down. But in an interesting twist, experts say the multifamily space has navigated the crisis surprisingly well when you consider how things started.
The COVID-19 impact on real estate and the greater economy was severe in the past year, but its effect on consumer behavior and the resulting implications on tenant businesses are still playing out. Companies know they must respond to both evolving trends and sudden economic swings, but adapting to a once-in-a-century pandemic is another matter altogether. Smart corporations are rethinking their organizational and operational models to effectively navigate the demands and opportunities of an ever-changing market.
The first hints of the post-COVID world are beginning to emerge. We may well see in-class education widely available in the Fall, restaurant dining will become increasingly common as we move forward and more workers will return to traditional business settings. As the world begins to return to a new-normal, healthy building and wellness certifications are a hot topic among both tenants and office owners.
It may seem like the pandemic has left a lasting impression on the U.S. office market with low absorption rates and many employees working from home, but everything isn’t quite as it seems. John Adams once said: every problem is an opportunity in disguise. In this case, we are talking about the opportunity in subleasing.
For many years “maximizing shareholder value” has been a central principle for public companies. Raising share values and increasing dividends for stockholders were paramount. But there has also been a growing push-back and a change in focus towards consumer and employee relationships.
Smart cities are no longer visions of the future, they are here today and look a little different from what the world envisioned pre-2000. Today’s smart cities take advantage of Big Data and Internet of Things (IoT) to create better, cleaner and more efficient urban hubs, making for a better quality of personal and professional life than would otherwise be possible.
While fears of economic decline kept some industry insiders on a cautious path throughout 2019, the U.S. economy is showing signs of maintaining relative stability throughout 2020 — with the commercial real estate market appearing to follow suit. Rod Richerson, regional president, Western United States of KBS, reflects back on 2019 and explores the possibilities for the year ahead.
An office building’s amenity package can be a market game-changer—separating the ordinary from the extraordinary—the difference between robust occupancies and discounted rents to lure tenants. It’s a competitive factor that cannot be neglected.
The technology and digital sphere is a hyper-connected game in which we are all active players. How many times today did you use your smartphone or tablet to send a message, browse the web or simply take a picture?
For decades most offices were basic brick and mortars with cubicles, white wall executive offices and fluorescent-lit conference and meeting rooms, with copiers and printers sprinkled in. Workplace design remained relatively status quo until technology revolutionized the way we work and do business, giving way to more creative work environments that stimulate productivity.
40% of employers claim they are struggling to find qualified candidates. This presents companies with a unique opportunity to revamp how they recruit, onboard, and retain employees by leveraging the physical office space.
Technology is improving information algorithms and changing the way we do business. The commercial real estate sector is hot with activity — closing an estimated $450 billion in transactions in 2017 alone according to the October 2017 ULI Real Estate Economic Forecast.
Premier Office Magazine editor Phil Diment chats with former Dallas Cowboys defensive tackle and USAF fighter pilot Chad Hennings about the importance of commitment and character in all aspects of life.
Chuck Cohn is one of the brightest young entrepreneurs in the U.S. today and a KBS tenant at 101 South Hanley in St. Louis. Premier Office Magazine editor Phil Diment chats with him about how he took a challenge he had in high school and turned it into a highly successful startup.