Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
Discover how the post-pandemic commercial leasing landscape is evolving, with co-working spaces becoming mainstream and traditional landlords adapting to meet modern business needs. Learn about the benefits and challenges of flexible leasing models in our latest blog post.
Embracing the post-pandemic era, businesses are transforming traditional office layouts into flexible, tech-driven workspaces to support hybrid work models. In 2024, the flexible office is essential for balancing employee satisfaction with operational efficiency, driven by innovative design and smart technology.”
The office market is shifting dramatically, with vacancy rates expected to hit 21% by the end of 2024 due to the rise of hybrid work models. This trend presents challenges and opportunities for investors, particularly in adaptive reuse projects that transform vacant office spaces into dynamic mixed-use developments.
June 2024 saw the highest office attendance rates since the pandemic, with hybrid work models driving a significant return to in-person collaboration and boosting employee satisfaction.”
Dan Spiegel and Becky Button discuss the evolution of office design, emphasizing the shift from traditional cubicles to more comfortable and collaborative workspaces. They explore the importance of creating inviting environments that enhance productivity and well-being.
The trend of corporate headquarters moving from California to Texas peaked during the pandemic but has slowed recently. Texas’s pro-business environment and lower costs attracted many companies, leading to economic growth and challenges like rising housing prices.
The current office downsizing trend was offset by a robust and growing conversion and redevelopment pipeline that took space off the market, contributing to the rebalancing efforts.
Kate Lister, president of Global Workspace Analytics, discusses the future of office dynamics, the transition to hybrid work models, and the evolving demands of employees
Leasing, particularly in the office and industrial sectors, has experienced significant shifts in the last two years. These shifts have largely been driven by economic uncertainty, record-high rents, and macro changes in the way people shop and work.
Medical office space remains a strong asset class for a variety of reasons, including consistent demand, evolving technology, longer lease terms, and strong fundamentals.