Practical Facilities Tips, News & Advice.
The U.S. General Services Administration (GSA), which oversees federal facilities and represents one of the largest landlords in the country, is accelerating its efforts to “right-size and modernize” its federal real estate portfolio. After revealing plans to offload 23 properties in 2023 and three more earlier this year, the agency has now started the disposition […]
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 […]
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 […]
Facilities Management Advisor’s “Under Construction” series highlights some of the latest, most interesting facility project announcements every month. $4.1B Plant for Ozempic Maker We’ve all heard of Ozempic, the “miracle” weight loss drug Hollywood stars started using to look slim on the red carpet, but did you know its primary use is to treat diabetes? […]
Office conversions in the U.S. are on pace to more than double their recent annual average this year, with momentum picking up due to increased incentives and other support from state and local governments, according to new insight from CBRE. CBRE analyzed the number of office conversions in major U.S. cities since 2016 and found nearly 100 projects […]