Tag: CRE

JLL Report: $1 Trillion Needed to Revitalize Office Space at Risk of Obsolescence

Of the 776 million square meters of existing office space across 66 markets globally, about half of that space, or 322-425 million square meters, is likely to require substantial investment to remain viable in the near term—an investment of approximately $933 billion-$1.2 trillion in spending. That’s according to JLL’s latest research, “Opportunity Through Obsolescence.” The […]

They’re Back, but Is Your Workspace Employee Friendly?

Remember the days when many team members were in the office? Well, they’re back, and it may come as no surprise they’re not always excited about returning to their old/new workplaces. Almost every day, there’s another headline covering a CEO calling employees back to the office. Even the U.S. Department of Labor ordered its remote […]

The Rise of Office-to-Amenity Conversions in Commercial Real Estate

Offices are increasingly vacant. According to Moody’s Q2 2024 CRE trend report, office vacancy rates have exceeded 20% this year as businesses reduce their space or leave the office entirely, driven by the continued demand for hybrid work. In response, building owners and facility leaders are under increased pressure to offer enhanced amenities, to help […]

Expert Q&A: Controversial Return-to-Office Mandates and the Future of Work

Return-to-office (RTO) mandates have become a hot topic, with major corporations like Amazon Web Services (AWS) and Dell insisting employees work on-site. However, Amazon’s hardline policy on returning to the office or else is being met with resistance, and other companies are considering their options. In a recent Q&A released by the University of Tennessee, Knoxville’s Haslam College of Business, Tim […]

Reimagining Facilities Management with the Internet of Things

Rapid technological advancements have dramatically altered how we live, work, and interact. This sentiment is especially true for facilities managers where digital tools like the Internet of Things (IoT) bring substantial benefits via automation and sensor-enabled intelligence. IoT-powered smart facilities streamline operations, reduce costs, and automate tasks, while meeting demands for sustainability, cleanliness, and seamless […]

Sustainability in Commercial Snow Removal

As environmental concerns grow, more facilities managers and building owners are considering sustainability when planning snow removal operations. Snow removal is essential for keeping properties safe and accessible during winter, but it can come at a significant environmental cost. However, there are several ways to make snow removal more eco-friendly, which can also lead to […]

Green Building Groups Issue Policy Recommendations for Next U.S. Administration

Regardless of whether former President Donald Trump or Vice President Kamala Harris wins the presidential election in November, a coalition of green building advocates is calling on the next administration to help address several commercial real estate (CRE) challenges. The U.S. Green Building Council (USGBC), New Buildings Institute (NBI), Institute for Market Transformation (IMT), and Carbon Leadership Forum (CLF) partnered to release a […]

Survey: Corporate Execs Prioritize Building Decarbonization

Sustainability is rising to the top of U.S. corporate agendas, with building decarbonization emerging as a critical focus for the years ahead, according to a new survey conducted by Carrier Global Corp. The survey found that 83% of U.S. C-suite executives responding to the survey plan to increase sustainability spending over the next two years, with 57% […]

The New Era of Office Security: Leveraging Technology for Safety and Efficiency

Today’s workplaces are always changing. With decentralized offices, increasing visitor numbers, and constant security worries, facilities managers have their hands full. Manual processes and old-school security systems just can’t keep up, leading to vulnerabilities and bottlenecks. Traditional tools create blind spots in data and security, limit space optimization, and hinder effective resource planning. Thankfully, technological […]

The U.S. Department of Energy’s Plan to Decarbonize Buildings in America

As a nation, our buildings will play a pivotal role in achieving our clean energy future. Buildings are where we live, work, and play—so it makes sense that we spend 90% of our time in buildings and that our buildings use a substantial amount of energy. Residential and commercial buildings are among the largest sources […]