Development


  • A street in New York City with pedestrians crossing.
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    Bim via Getty Images
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    Central business districts show “employee experience” opportunities

    Despite challenges, including higher-than-average vacancy rates, central business districts still hold strong fundamentals related to labor, transportation and employee experience, experts say. 

    By Dec. 5, 2024
  • An aerial view of a nuclear power plant next to a river.
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    Retrieved from Marque1313.
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    Meta seeks up to 4 GW of new nuclear power to help meet AI, sustainability objectives

    The Facebook and Instagram parent aims to deploy new nuclear generation capacity to power its data centers beginning in the early 2030s, it said Tuesday.

    By Brian Martucci • Dec. 5, 2024
  • The Amazon logo seen at Amazon campus in Palo Alto, California on February 18, 2020.
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    hapabapa via Getty Images
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    Amazon Web Services upgrades data center components, designs

    Simplified electrical and mechanical systems and modular components will maximize performance and efficiency for both traditional and next-generation facilities, AWS says.

    By Dec. 3, 2024
  • An office in the midst of a conversion.
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    Jacus via Getty Images
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    US office conversion projects could be up 63% this year: CBRE

    The office conversion pipeline is expected to grow further in 2025, with cities rolling out more incentives as distressed assets enter the market at steeper discounts, a report says.

    By Nov. 25, 2024
  • An HVAC technician is seen at work on a ventilation system.
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    ronstik via Getty Images
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    Building owners must implement retrofit, reuse strategies quickly to tackle obsolescence risks: JLL

    With about $1.2 trillion needed globally to retrofit older office assets, building owners must address building age, design, regulatory pressure and locational factors to mitigate these risks, a report says.

    By Nov. 22, 2024
  • A facade of the U.S. courthouse in El Paso, Texas
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    Highsmith, Carol M.. (2014). "Exterior. U.S. Courthouse. El Paso, Texas." [Photograph]. Retrieved from Library of Congress, Washington, D.C..
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    Federal courthouse design changes could raise operations, maintenance costs: GAO report

    The 2021 design updates could significantly raise the rent the judiciary and other tenant agencies must pay, the Government Accountability Office says.

    By Nov. 19, 2024
  • A group of scientists work at a life sciences lab.
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    Gorodenkoff via Getty Images
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    Uptick in US life sciences activity isn’t enough to combat oversupply: CBRE

    Over 70% of the construction pipeline remains unleased, with project costs and vacancy rates continuing to increase, experts say.

    By Nov. 14, 2024
  • A group of employees work in a modern office.
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    Vitranc via Getty Images
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    U.S. office recovery continued in Q3, led by renewals: CBRE

    Renewals accounted for over 40% of all leasing activity for six straight quarters, with the overall vacancy rate holding steady at 19%, according to the firm’s Q3 market report.

    By Updated Nov. 13, 2024
  • Two people holding umbrellas walk across a city street lined with cars.
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    Michael Ciaglo via Getty Images
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    Denver to invest $570M in downtown revitalization after voters pass bond measure

    The city plans to support projects focused on upgrading public spaces and attracting businesses.

    By Ysabelle Kempe • Nov. 11, 2024
  • Grounbreaking ceremony for Vantage Data Center campus in New Albany, Ohio
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    Courtesy of Turner Construction
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    Turner secures $2B deal for Vantage Data Centers campus expansion in Ohio

    The expansion program will add over 1.5 million square feet of infrastructure designed to support cloud technologies and artificial intelligence, offering 192 megawatts of power capacity. 

    By Sebastian Obando • Nov. 8, 2024
  • The second floor of the Highmark Center for Health, Wellness and Athletics, with lounging sofas and desks in the foreground.
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    Retrieved from Carnegie Mellon University on November 05, 2024
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    Higher ed campuses update health, wellness, accessibility amenities

    Many colleges and universities are investing in facilities that promote overall well-being, including new fitness centers, mental health spaces and student support areas.

    By Nov. 5, 2024
  • A rendering of people walking through a modern stadium concourse.
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    Courtesy of Monumental Sports & Entertainment
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    Capital One arena owner partners with DC for $800M upgrade

    Renovation efforts will include wider concourses, more elevators, a 65% expansion in concession space and a 30% increase in restrooms, Monumental Sports & Entertainment says.

    By Zachary Phillips • Oct. 30, 2024
  • 7-Eleven
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    Retrieved from Seven & i Holdings.
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    7-Eleven to open over 600 stores under new design by 2027

    The convenience retailer’s newest format, New Standard stores, will feature amenities such as in-store seating and electric vehicle charging stations, CEO Joseph DePinto said Thursday.

    By Brett Dworski • Oct. 29, 2024
  • An interior of the Boston Logan International Airport in Boston, Massachusetts on September 2022.
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    stellalevi via Getty Images
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    FAA awards nearly $1B for modernization efforts in 100+ airports

    The funding aims to modernize aging terminals and ground transportation as U.S. airports face an estimated $151 billion in infrastructure needs through 2027.

    By Oct. 28, 2024
  • A shift to remote work has softened the demand for office space, accelerating the need for commercial-to-residential conversions.
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    Fang Xia Nuo via Getty Images
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    Office-to-residential conversions are tough. Could dorm-style co-living be the answer?

    While converting offices to microapartments can be 25% to 35% cheaper than traditional apartment conversions, such projects still face financial and zoning barriers, Pew and Gensler researchers said.

    By Ysabelle Kempe • Oct. 24, 2024
  • An aerial shot of Seventh Street in downtown Los Angeles, California on a sunny spring day.
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    halbergman via Getty Images
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    Vacant office space is costing US cities billions in annual rental losses: report

    Residential conversion challenges call into question their potential role in stemming the rent losses in cities including New York and Los Angeles, Switch On Business says.

    By Oct. 23, 2024
  • A commercial real estate leasing agent gives a tour inside an empty office.
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    Mindful Media via Getty Images
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    Q3 office leasing demand hit new post-pandemic highs: JLL

    Shrinking construction pipelines and renewal and sublease growth have driven down availability rates for the first time since 2019, but rent growth is moderating, JLL says.

    By Oct. 15, 2024
  • A view of office buildings on October 27, 2022 in San Francisco, California.
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    Justin Sullivan via Getty Images
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    Why California’s governor hit pause on a bill aimed at ramping up adaptive reuse projects

    A prevailing wage requirement and leeway for cities to issue stop-work orders for code violations were among the provisions that likely concerned Gov. Gavin Newsom, officials say.

    By Oct. 8, 2024
  • An office real estate agent walks through an empty office with a tenant.
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    AJ Watt via Getty Images
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    Renewals boost H1 2024 office leasing activity to pre-pandemic levels

    Large occupiers have had more success negotiating renewals as landlords seek to avoid vacancies. The tech, finance and legal sectors are driving an uptick in prime office leasing, CBRE says.

    By Oct. 1, 2024
  • Large office atrium with bright morning sunlight shining on business people as they start their day. A corporate scene captured on Canon 5D MK2 with 14mm lens.
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    multifocus via Getty Images
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    Commercial real estate recovery expected in 2025, prompting tech, sustainability investments

    A majority of major real estate owner and investor organizations are more likely to channel their spending toward data and technology in 2025, but they must be deliberate about deployment, per a Deloitte report.

    By Sept. 30, 2024
  • medical research scientists working in a lab
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    gorodenkoff via Getty Images
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    Life sciences market steeped in gloom, with clearer skies expected

    Despite a nearly 9% year-over-year decline in rents and the national lab availability rate reaching 30%, JLL forecasts the start of a recovery toward supply and demand equilibrium next year.

    By Sept. 26, 2024
  • A rendering of an interior view of the New Terminal One at JFK International Airport.
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    Courtesy of Port Authority of New York and New Jersey
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    JFK International Airport’s New Terminal One to host largest airport microgrid in US

    The 12-megawatt microgrid comprises solar, fuel cells and battery energy storage that can power half of the terminal’s daily operations, airport and project officials said.

    By Sept. 24, 2024
  • Two technicians wearing yellow vests walking past racks of electronic equipment in a data center for cryptocurrency mining.
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    halbergman via Getty Images
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    White House creates AI infrastructure task force

    AI data centers' land and electricity needs were on the agenda when Biden administration officials met with data center operators and leaders from hyperscalers, AI companies and utilities.

    By Julie Strupp • Sept. 19, 2024
  • Buildings against a blue sky.
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    James Andrews via Getty Images
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    3 commercial-to-residential conversions receive city government support in Washington, D.C.

    Five businesses are also getting grants to open or expand into downtown spaces that have been vacant for at least six months, D.C. Mayor Muriel Bowser announced.

    By Ysabelle Kempe • Sept. 12, 2024
  • IT Technician with a Laptop Computer and Black Male Engineer Colleague are Talking in Data Center while Walking Next to Server Racks.
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    gorodenkoff via Getty Images
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    Colocation data center market balloons as operators face labor woes: JLL

    Increased power demand has “noticeably accelerated” colocation rent increases in the past year as vacancy rates approach 0%, according to a midyear data center report.

    By Sept. 3, 2024