Colliers just published a report where they believe there will be minimal impact on the office tenants and the office market. CBRE came out with another report that said it may take a year after the economy rebounds for the commercial real estate market to get back to normal. Globest.com had an interesting article where most…Read More→

“We’ve been debating for a couple of years about what impact the new FASB rules would have on our business,” says Adam Kaduce, SIOR, senior vice president at R&R Specialty Group n West Des Moines., Iowa. “Frankly, we’ve seen very little FASB-related influence on how people are looking at real estate. It’s more about talent-retention….Read More→

The verdict may still be out regarding open space plans and whether GenZ and Millennials truly value this concept, but there are other office aspects that do seem to find consensus. While an Inc.com writer recently called open-plan offices “the dumbest management fad of all time” (SUIR Report  Fall 2019), they welcome transparency and connectedness…Read More→

There are office landlords out in the suburbs who are beginning to resist spending the humungous amounts of office tenant improvements some tenants are demanding, especially for five year lease terms, Tenant improvements that just five years ago may have come in at $25-35/rsf are now pricing at $50-60/rsf. With some of the suburban submarket…Read More→

Just a few days ago I toured the almost-complete 30,000 square foot Industrious co-working facility under construction in Walnut Creek. It’s novel location is on the second floor of Broadway Plaza, one of the premier shopping centers in California, with offices looking out over the plaza and shops. With 112 private offices ranging from one…Read More→

What was that old saying regarding killing the golden goose that laid the golden eggs? Sure you get one solid gold geese feast but that is it for a future supply of golden eggs! The San Francisco Planning Commission just okayed a plan to raise office fees by 143%! Fees would go from $69.90 per…Read More→

Office tenant improvement contractors are experiencing significantly longer lead times for materials such as doors, glass and other building components that need to be manufactured. For example, instead of a five-day lead time, two weeks might be necessary. Along with this delay factor many cities are utilizing outside plan checkers that may make more comments…Read More→