Tag: offices

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 […]

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% […]

AI Is Key to Hitting ESG Targets for Commercial Real Estate

Editor’s note: FM Perspectives are industry op-eds. The views expressed are the authors’ and do not necessarily reflect those of Facilities Management Advisor. As climate risk grows, so does the urgency around sustainability. 2023 was a year of record-breaking climate events, from sustained warming above 1.5°C to billion-dollar climate loss events. It was also a year marked […]

Designing Workplaces that Promote Mental Well-Being

Designing indoor spaces that promote mental well-being in the workplace is more than a trend; it is a crucial step toward cultivating a productive and content workforce. Here’s how thoughtful design can create visually appealing and emotionally supportive workspaces, enhancing overall employee well-being. Why Design for Well-Being Our surroundings play a pivotal role in our […]

Faces of Facilities: FMs Highlight 2024 Opportunities

In Part 1 of this two-parter on industry predictions, former “Faces of Facilities” guests forecast the top challenges of 2024. That was the bad news. Now here’s the good news: Opportunities abound! For Part 2, industry insiders were asked to identify the No. 1 opportunity for facilities managers in the new year and offer advice […]

How to Create Smarter Workplaces with Shrinking Office Footprints in 2024

Gallup measures employee engagement by surveying samples of the working population on various workplace issues, like profitability, productivity, customer service, and retention, linked to business outcomes. According to a recent Gallup poll, only 32% of U.S. employees overall were engaged in 2022. With the influx of new generations of professionals with different working styles, smart […]

Facilities Management Trends Shaping the Market

Globally, commercial buildings are experiencing a number of dynamic challenges. Following the impact of the COVID pandemic, tenant needs and behaviors have drastically changed. The cost of property has grown as interest rates continue to escalate in an ongoing effort to curb inflation. At the same time, the energy crisis has raised operating costs and […]

Report Reveals Ongoing Burnout Among Cleaning Professionals

CloroxPro has released its 2023 Clean Index report, which reflects the current challenges and perceptions of more than 1,700 cleaning professionals and consumers and reveals key shifts in year-over-year industry trends. The report uncovers staff burnout, declining confidence, and a gap between interest in green cleaning and adoption. The survey defined cleaning industry professionals as business […]

Back to Basics: 6 Tips to Fight Water Waste in Your Office Building

Back to Basics is an article series that highlights important, but possibly overlooked, information facilities management professionals should know. Did you know that one dripping faucet could waste 3,000 gallons of water per month in your office facility, while a running toilet could waste 10 times as much? Using a rate of $0.00295 per gallon, […]

School’s Out! Essential Campus Projects to Tackle During Summer Break

Now that the academic semester is over and campuses are largely deserted, it’s the perfect time to do major maintenance projects and intensive cleaning jobs that couldn’t be done when the campus was buzzing with activity. Plan for Summer Classes Facilities teams should work with school leadership to determine what areas will be used for […]