Remote workers are missing face-to-face interactions, study claims



Remote work appears to be taking a tool on many individuals, with the loss of face-to-face interactions resulting in reduced emotional engagement. That’s according to a Jones Lang LaSalle study of 3,300 former office workers from around the world. It found that 66% of respondents cited “human interactions” as the element they miss the most […]

New brick-and-mortar store openings outpace closures in 2021



Brick-and-mortar retail stores are back in business, with new openings outnumbering closures for the first time in four years according to an analysis by IHL Group. The analysis of more than 900 retail chains found that most of the growth in new store openings is driven by mass merchants, grocery stores, drugs and pharmacy and […]

5 Sure-Fire Ways To Add Value To Your Commercial Property



Whether it be an office block, a shopping center, or a leisure facility, investing in a commercial property can be exceptionally lucrative. Particularly if you find effective ways to add value, the potential return on your investment can be enormous. Be careful, though. Not all renovations can be considered upgrades, especially given that some can […]

Businesses invest in golf simulators, wine tasting + free honey to lure workers back



Businesses are investing in more upscale workplaces in an effort to lure workers back to the office. They’re looking to buy more spacious premises with amenities and perks such as custom-built lounges, games rooms with ping-pong tables and foosball, outdoor areas including spaces with fire pits for diners. They’re also looking to renovate existing premises […]

Commercial real estate sector sees record sales in Q3



The commercial real estate sector was initially left reeling in the early days of the coronavirus pandemic as businesses shut up shop and vacated their offices. But now, it’s rapidly bouncing back, with investors snapping up record amounts of commercial real estate during the third quarter. Surprisingly though, the Wall Street Journal reports that it’s […]

Google buys New York office building for $2.1B amid campus expansion



Google said it’s going to splash out $2.1 billion on a New York City office building even as it moves towards a permanent, “hybrid work” approach that will see many of its employees work remotely much of the time. Google’s purchase of the St. John’s Terminal building in Hudson Square, Manhattan, is the largest price […]

Retailers are bouncing back and looking to expand with new store openings



The American retail sector is back in business and many companies are in expansion mode. According to a report from RetailSphere, a provider of retail analytics, there are more retailers who are planning to open new stores this year rather than close existing premises. The news of a rebound in retail follows a tumultuous 2020 […]

Terraces are becoming an essential fixture for office buildings



Outdoor space has become a must-have in the commercial real estate sector, and now office buildings are increasingly adding terraces as a way to provide that so they can convince people to come back to work. “We’ve been involved in office space and building design, and the evolution of office buildings, for 40 years,” Dan […]

Uncertainty over the return to work boosts co-working spaces



Businesses seeking flexible short-term office solutions are showing greater interest in co-working spaces as the fast-spreading COVID-19 Delta variant causes uncertainty over plans to return to work. Some of the major companies snapping up co-working spaces are in the technology sector. The Wall Street Journal reported tech firms are signing contracts for so-called “hot desks” […]

Mall traffic rebounds to pre-COVID levels as shoppers return



Shopping malls in the U.S. are seeing foot traffic return to close to pre-COVID-19 pandemic levels amid what analysts say is a surprising turnaround for the industry. Indoor shopping malls were hard hit during the pandemic as shoppers chose to stay at home rather than venture outside. And with the rise of e-commerce and curbside […]