Practical Facilities Tips, News & Advice.
In a year when data centers faced their toughest power challenges yet, the industry didn’t just survive—it thrived. JLL’s new North America Data Center Year-End 2024 Report reveals a sector charging full speed ahead, with colocation vacancy plummeting to a record low of 2.6% and absorption levels doubling in just two years. But beneath the surface of […]
New research found that 34% of businesses plan to increase the number of in-office days in 2025. This trend is prompting enterprises to enhance their use of artificial intelligence (AI) and cross-platform data analytics to better manage workplace occupancy and ensure a balanced employee experience throughout the workweek. That’s according to Eptura’s latest annual Workplace […]
As the call for healthier and more sustainable buildings continues, the International WELL Building Institute (IWBI) has enlisted more experts to help advance adoption of its WELL healthy building standard. The organization appointed several new members to its Governance Council, a coalition of global thought leaders, doctors, public health professionals, and business executives who uphold the […]
Many retail facilities managers face uncertainty as store locations continue to close throughout the country. Following a spike in U.S. store closures in 2024, Coresight Research expects closures to escalate further this year, to approximately 15,000. The retail advisory firm projects store openings will remain steady, with about 5,800 stores opening nationwide this year. U.S. store […]
Planning a major facility renovation or new build in 2025? The state of the construction industry could have an impact on your project. JLL’s new 2025 U.S. Construction Outlook details the opportunities, challenges, and key focus areas for the U.S. construction industry in the coming year, accounting for a rapidly shifting political and economic landscape in […]
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 […]
Facilities Management Advisor’s “Under Construction” series highlights some of the latest, most interesting facility project announcements every month. Space Institute Calling all space cadets! Researchers from Texas A&M University are teaming up with NASA on the future of human space exploration. University leaders and other officials broke ground on the $200 million Texas A&M University Space […]
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, […]