CBRE

Many office-industry businesses are having to pivot or shrink. Many office-industry businesses are having to pivot or shrink. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please…

Layoffs and hybrid-work patterns are reducing corporate footprints in Northern California towns. Layoffs and hybrid-work patterns are reducing corporate footprints in Northern California towns. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the…

Vacancies are climbing and rents are sinking amid a stalled return-to-office rate. Vacancies are climbing and rents are sinking amid a stalled return-to-office rate. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us…

The big technology companies that drove U.S. office demand for years as they expanded their empires are now canceling leases and flooding business districts with office space as they downsize. Facebook owner Meta Platforms Inc., Lyft Inc., Salesforce. com Inc. and other tech companies are shedding millions of square feet of office space in San Francisco, Silicon Valley, New York, Austin, Texas, and elsewhere. Amazon.com…

A pandemic-driven boom in warehousing demand is showing signs of slowing, as companies grow more cautious about leasing in an uncertain economy and look to pare back the big inventory stockpiles that have swamped storage space this year. Razor-thin vacancy rates have started to tick upward and one measure of leasing activity in the U.S. fell back in the third quarter to the lowest level since the start of the pandemic. Warehouse space remains tight, with some companies still storing…

According to CBRE, India's data centre market has witnessed an investment of USD 14 billion in the last five years, and the cumulative funding could cross USD 20 billion by 2025 as investors look for assets with stable income. Real estate consulting firm CBRE released its latest report, 'Data Centres in India: Powering Up Real Estate in a Data-High Era', stating that there has been a surge in demand for data centres in India on the back of growing digitalisation and policy impetus. The COVID pandemic has accelerated the…

Office gyms are reopening, bringing with them the benefits and weirdness of working out with your colleagues and bosses.Craig Kerbrat, 37 years old, popped into his company’s gym to work out on a recent Sunday night assuming he wouldn’t run into colleagues. He was wrong. “I was done with my workout and then, as one does, I was trying to take a shirtless selfie—just being a little vain—and then suddenly the door opened behind me and my co-worker walked in with her husband,” says Mr. Kerbrat, who works in…

Lyft Inc. said Tuesday that it will sublease a significant part of some of its biggest U.S. offices, becoming the latest company to shrink its real estate footprint to adjust to more employees working from home. The ride-hailing company said it would rent out parts of its office space in San Francisco, New York City, Nashville and Seattle. Some 45% of the combined 615,000 square feet across those four locations will be leased to other businesses. Lyft plans…

Taconic Partners, one of New York’s largest private owners and managers of lab space serving pharmaceutical and biotech companies, is consolidating its life-sciences portfolio into a new subsidiary named Elevate Research Properties. Elevate will control three life-sciences laboratories currently under development by Taconic. Elevate also plans to spend more than $250 million to redevelop an office property that it owns with Nuveen Real Estate near several academic medical institutions, including Mount Sinai Hospital,…

Amazon. com Inc.’s decision to throttle back on its e-commerce operations threatens to slow the growth of the industrial-space sector, one of the hottest areas of commercial property.For now, demand from other retailers is expected to pick up the slack, supporting warehouse occupancies and rent levels, analysts say. Rents, occupancy levels and sales volume of industrial real estate were already rising before Covid-19. They have soared even higher during much of the pandemic, as retailers led…