News & Insights
Sustainability continues to be a top priority for leaders across the globe, including newly elected U.S. President Joe Biden who has taken a whole-of-government approach to combating the ongoing climate crisis. In January 2021, Biden announced a series of executive orders, including his international and domestic climate change agenda that calls for investing in renewable and clean energy, rejoining the Paris Agreement, and achieving a net-zero emission economy by 2050. Nothing specific in these executive orders appear to point to the commercial real estate sector, but as plans are set in motion these actions will likely set a broader precedent for all industries. Here are some trends to look for as it relates to office:
In the News
Walkability has become an increasingly important strategy for businesses and employers. Prior to COVID-19 restrictions, these “live, work, play” destinations were rising in demand and commanding a premium that companies and individuals/families are willing to pay.
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.
The coronavirus pandemic will have a lasting effect on all industries. Navigating what’s next will be one of commercial real estate’s (CRE) greatest hurdles as owners/operators are forced to shift their business plans with a renewed focus on business continuity, tenant health and safety, and building relevance.
As local governments begin lifting stay at home orders and more employees begin returning to the office, research points to heightened employee anxiety stemming from social unrest, COVID-19, and other economic pressures—factors that can negatively impact productivity and overall wellbeing.
As global warming continues to be a hot topic and area of concern, especially for millennials who will make up 75% of the workforce by 2030, the “net zero” office space concept has taken hold.
Urban apiaries—yes, urban beehives—are popping up on office building rooftops across the country, and are creating quite a buzz (no pun intended).
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