Practical Facilities Tips, News & Advice.
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 […]
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 […]
The U.S. Green Building Council (USGBC), Green Building Council of Australia (GBCA), and U.K.-based Building Research Establishment (BRE) announced an alliance to help unlock the sustainable finance needed for the built environment to play its role in meeting global climate goals. According to the green building certification groups, the international alliance will work to ensure investors, property owners, […]
Days after revealing a $2 billion investment in low-carbon construction projects at federal facilities, the U.S. General Services Administration (GSA) announced that it has identified 23 properties to begin the disposition process as it accelerates its efforts to right-size and modernize the federal buildings portfolio. The announcement represents a potential reduction of 3.5 million square […]
A new report from JLL finds commercial real estate (CRE) occupiers are “willing to put their money where the tech is,” with over 80% of companies increasing technology budgets despite a challenging operating environment. According to JLL’s 2023 Global Real Estate Technology Survey, 91% of occupier respondents are willing to pay a premium for tech-enabled space […]
Healthy building certification organization Fitwel has announced the latest cohort of companies to join its global community of Champions, Providers, and Partners. Originally created by the CDC and U.S. General Services Administration, the Fitwel certification is used by real estate stakeholders across the globe to ensure their assets are designed and operated to positively impact […]
We’ve seen emissions rebound after dropping during the COVID-19 pandemic in 2020. Transport has the highest reliance on fossil fuels, accounting for 37% of CO2 emissions from end-use sectors in 2021, while building operations accounted for 27% of total energy sector emissions (8% direct emissions and 19% indirect emissions from electricity production and heat use). […]
As real estate occupiers face increased pressure to lower their carbon footprint, and investors are greening their portfolios, green leases can benefit both landlords and tenants while also serving to decarbonize real estate. JLL’s new Green Leasing 2.0: Bridging the owner-occupier divide to deliver shared ESG value report outlines the considerations building occupiers and owners should include […]
The COVID-19 pandemic demonstrated how important it is to have a healthy work environment. The recent webinar “Healthy Building Strategies: Putting Sustainability and People First,” sponsored by biosafety technology company R-Zero, featured three facilities management professionals who explained what healthy buildings are and what can be done to make buildings more healthy. Healthy buildings […]
Today’s employees – a workforce that includes many millennial and Generation Z workers who are notoriously independent and eschew loyalty to their companies in favor of flexibility – want to work remotely. Except when they don’t.