WeWork encourages more use of its outdoor office space

Real estate office startup WeWork is promoting outdoor work spaces, believing that the idea may well appeal to companies who’re conscious of the risk of asking their employees to return to work in confined spaces. The company, which rents out co-working space, says that more than 150 of its 843 total office locations now feature […]

Investors turn to farmland as “safe haven”

Farmland in America has reached a record high value, at a time when growing planting and maintenance costs are leading to diminished financial returns in the agricultural sector Recent data from the U.S. Department of Agriculture shows that cropland in America is currently worth $4,100 per acre on average, matching record highs set in 2015 […]

Amazon bets on a post-pandemic return to the office

Amazon is defying trend by increasing its physical office footprint at a time when other companies are increasingly going digital. The online retailer says it will be expanding its physical presence in six U.S. cities. It plans to add 900,000 square feet of office space and create 3,500 corporate jobs New York, Phoenix, San Diego, […]

Commercial real estate firms reveal challenges of remote work

With more people working from home due to the coronavirus pandemic, many companies say the transition has proven to be successful. But some commercial real estate professionals say that some aspects of their work have become more challenging, including training new employees and networking. Technology such as video calling and collaboration software has helped many […]

Are newly empty offices the solution to a lack of housing?

Business districts in America’s biggest cities may be poised for a stark transformation as the shift to remote working threatens to become permanent. The result may be that high-rise office buildings have much lower occupancy rates in future, and that has got some in the commercial real estate sector thinking about how these spaces might […]

Commercial real estate firm adds an infectious diseases specialist to its staff

Florida-based commercial real estate firm Crocker Partners has responded to the COVID-19 pandemic by creating a new position within its organization for a director of environmental health, to help it develop a program that’s designed to keep its employees healthy. Dr. Walter Okoroanyanwu, who is a medical professional with experience in infectious diseases, told the […]

Drive-in cinemas make a comeback in empty parking lots

Drive in movie theaters are making a comeback amid the need for social distancing. They’re emerging in empty parking lots that were once jam-packed with shoppers’ vehicles at local shopping centers and regional malls, which have been hard hit by the pandemic. The idea helps support retailers as it brings in much-needed customers, while shoppers […]

Real estate sectors poised for recovery, executives say

Industry experts in the commercial and residential real estate sectors say they believe both markets have already bottomed-out and that they’re now on the mend, and likely to grow over the next few quarters. That’s according to the latest RCLCO Real Estate Market Index, which is based on a survey of hundreds of real estate […]

Demand for warehouse space grows due to COVID-19

Commercial real estate firm JLL predicts that demand for industrial real estate space could grow by an addition 1 billion square feet by 2025. The demand is likely to be driven by a need for more fulfillment centers due to the growth in e-c0ommerce – an industry that has boomed since the onset of the […]

New York mandates HEPA filters in shopping malls

Businesses in New York City are likely going to need to upgrade their air conditioning systems in order to stop the spread of COVID-19 if they’re going to reopen, reports say. This week, New York state Governor Andrew Cuomo said that the state will require malls in the city to install “high quality” air systems […]