News & Insights
The threat of shorter office lease terms has been looming over the commercial real estate industry for several years. Companies first braced for the potential impact of new standards from the International Accounting Standards Board (IASB) recognizing all leases on the balance sheet, which took effect in January 2019. Then, the office leasing world was hit with additional challenges from COVID-19 as many companies opted to work from home and re-evaluated the role of their physical office space.
In the News
The Architect’s Newspaper
The long history of real estate ownership has always involved risk management. But now -- with the onset of the COVID-19 pandemic -- there’s a need to re-examine the critical importance of risk management as it relates to commercial real estate.
The sustainable real estate market continues to expand by impressive proportions.
Current real estate interest rates are in free-fall, now at depths never seen in the US. We can blame the COVID-19 pandemic in part for today’s ultra-low interest rates, but the reality is that rates have largely been in decline since the 1980s. It hasn’t been a straight line down, but the general trend has been lower and lower rates over time.
The economic disruption caused by COVID-19 will require many companies to revise their short- and long-term business plans, which is likely to impact current and future real estate needs. For some occupiers, market trends could lead to a temporary or permanent expansion; for others, a reduction or consolidation of space may be warranted.
The “new office” is coming. In the post-COVID-19world corporate offices will likely be cleaner, roomier, quieter and potentially more desirable due to the reconfiguration and innovation of available space. Commercial offices paired with new tools and concepts will lead us to a more efficient and productive marketplace, one that will be better for the environment and the communities we serve.
CBRE's Senior VP Todd Siegel Offers Strategic Insights for Meeting the Needs of Customers in Mixed-Use Environments
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Premier Office Magazine
Created to reach commercial real estate brokers, tenants and business leaders with insightful articles relating to leasing and managing operations in today’s modern office.
