Property Management: Page 2

  • A view of a life sciences lab, with empty chairs and desks in front of a large city-facing window.
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    Onurdongel via Getty Images
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    Ample funding opportunities drive growth, rent hikes for life sciences space

    Vacant space has intensified pressure for building owners and operators, while tenants find more options and opportunities.

    By • March 12, 2024
  • The exterior of a large, modern industrial warehouse unit with blue doors.
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    OwenPrice via Getty Images
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    Industrial real estate to heat up in 2024, JLL predicts

    The redevelopment of aging buildings into more efficient spaces, spurred by ESG initiatives, is poised to be a long-term driver of industrial real estate, the firm says. 

    By S.L. Fuller • March 6, 2024
  • The interior of a contemporary multi-floor business center with a view of large windows and many offices in front. Explore the Trendline➔
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    shironosov via Getty Images
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    Trendline

    Top 5 stories from Facilities Dive

    Top 5 stories from Facilities Dive

    By Facilities Dive staff
  • A view from section 324 of Chase Field in Phoenix on April 3, 2013.
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    "Chase Field - 2013-04-03 - Section 324" by Cygnusloop99 is licensed under CC BY-SA 3.0
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    ABM to provide housekeeping, event staffing at Diamondbacks’ Chase Field

    The facility management firm says it will support the team’s environmental and inclusion goals and now serves more than 20% of Major League Baseball member clubs.

    By • March 5, 2024
  • A view of army recruits undergoing training at a school in Fort Gordon, Georgia on a hot summer day, with trees in the background.
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    "The image" by Parker Michael Knight is licensed under CC BY 2.0
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    US army grant aims to improve military base facilities management, safety

    US Ignite will use the funding to build on a pilot program for reducing heat risk, detecting building faults and upgrading remote surveillance.

    By Brian Martucci • March 1, 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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    Data center demand pushes organizations to secondary markets: JLL

    AI-driven demand, high power costs and limited supply spurred data center growth in secondary and tertiary markets during the second half of 2023, according to the firm’s report.

    By • Feb. 28, 2024
  • A facade of a building with the General Services Administration signboard
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    Douglas Rissing via Getty Images
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    JLL urges government action on lease optimization, talent retention

    Agencies must right-size leased space and reimagine workspaces to attract younger workers, amid a looming “talent cliff,” according to the firm’s 2024 government trends report.

    By Brian Martucci • Feb. 26, 2024
  • Modern interior of server room in data center
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    bjdlzx via Getty Images
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    Data centers’ cooling needs are largely unmet: AFCOM

    A majority of data center professionals surveyed plan to draw on renewable energy to meet their growing energy needs amid the rise of AI.

    By • Feb. 22, 2024
  • A worker performs diagnostics on an HVAC unit.
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    Sarinya Pinngam via Getty Images
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    Proactive maintenance gaining momentum in facilities management: Limble

    Seventy-two percent of manufacturing and FM professionals Limble surveyed reported implementing proactive maintenance to combat aging infrastructure, with 69% investing in new equipment.

    By • Feb. 21, 2024
  • A student stands in front of a row of lockers with their back to the camera. The student is reaching into an open locker. There are materials like notebooks on the floor in front of the lockers.
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    Jon Cherry via Getty Images
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    Deep Dive

    How lockerless schools are shaping building design

    Doing away with lockers in schools may reduce space needs but add storage costs elsewhere, says a K-12 practice area director and architect.

    By Kara Arundel • Feb. 21, 2024
  • Helicopter point of view of famous Times Square in New York City
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    Extreme-Photographer via Getty Images
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    Deep Dive

    5 issues to watch as New York City reshapes its commercial waste system

    Carters must charge customers less for recycling and compostable material collection than refuse, incentivizing businesses to properly divert material, according to the city’s sanitation department.

    By Cole Rosengren • Feb. 20, 2024
  • A front reception desk at a CBRE office.
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    "CBRE reception" by EG Focus is licensed under CC BY 2.0
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    CBRE facilities management services boom in Q4

    In addition to strong growth from its Global Workplace Solutions segment, CFO Emma Giamartino says the firm expects leasing to grow modestly in 2024. 

    By • Feb. 16, 2024
  • A real estate broker showing empty office space to clients.
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    Jacoblund via Getty Images
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    Office space demand has grown year over year for 6 consecutive months, VTS reports

    It’s too soon to say the tide of demand has turned for the long term, but leasing activity is expected to increase this year, a VTS executive said.

    By S.L. Fuller • Feb. 14, 2024
  • A view of an applications dashboard that will incorporate generative AI for improved facilities management.
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    Permission granted by Scenera
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    Scenera, S&I seek to replicate facilities management platform model from South Korea in the US

    The effort builds on the success of case studies in South Korea, where a retailer garnered roughly 10% in energy savings and cut maintenance costs by 17%, Scenera’s CEO says.

    By • Feb. 13, 2024
  • A bird's eye view of the West Facade of the U.S. Capitol Building and Pennsylvania Avenue in Washington, D.C., as seen from a window in a downtown office building.
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    dkfielding via Getty Images
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    Washington, DC, readies tax abatement program for commercial-to-residential conversions

    The incentive provides property owners up to $2.5 million for each fiscal year from 2024 through 2026 through a provision that a local attorney describes as “critical to the lifeblood of the city.”

    By • Feb. 12, 2024
  • The outside of a modern commercial office building.
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    Pgiam via Getty Images
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    58% of top office leases were renewals in 2023: CBRE

    The firm says the majority of these renewals came in the Mid-Atlantic region, attributing these commitments to lower office utilization-driven resizing.

    By • Feb. 9, 2024
  • An outside view of the State Farm Arena in Atlanta, Georgia.
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    LeMay, Warren. (2019). "State Farm (Phillips) Arena, Atlanta, GA" [Photograph]. Retrieved from Flickr.
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    Honeywell to upgrade building management system used by NBA’s Atlanta Hawks

    As part of the multiyear agreement, locker rooms and fan clubs will have air filtration systems, and specialized sensors will be deployed to monitor indoor air quality, Honeywell says.

    By • Feb. 7, 2024
  • A multipurpose room for a long-term care facility.
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    Kazuma Seki via Getty Images
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    Butlr expands privacy-driven heat sensor technology to healthcare

    The MIT Media Lab spinoff says its opt-in generative AI models can provide building efficiency and utilization insights, without capturing any personally identifiable information.   

    By • Feb. 6, 2024
  • Sideview of a DSNY automated sideloader waste truck prototype in Manhattan
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    Courtesy of New York City Department of Sanitation
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    New York City to pilot automated collection of large containers for high-density buildings

    Department of Sanitation Commissioner Jessica Tisch described this as the biggest advance for local waste collection technology in decades, as the city continues its push toward containerization.

    By Cole Rosengren • Feb. 5, 2024
  • A view of the lobby of CBRE's offices in Las Vegas
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    Courtesy of CBRE
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    CBRE to buy facilities services firm for up to $1.05B

    J&J Worldwide is projected to generate more than $525 million in revenue this year. The deal will help CBRE expand its government client base, the real estate services firm’s CEO says.

    By • Feb. 5, 2024
  • Rows of server racks at a data center.
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    Gorodenkoff via Getty Images
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    Data centers turn to new on-site power generation, higher rack density: JLL

    Operators will need to manage higher power densities by employing intelligent management and monitoring software that fuel efficiency, according to the firm’s global outlook for data centers.

    By • Feb. 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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    Facilities management in 2024: More high-tech, sustainable operations but RTO concerns remain

    The industry is integrating technology into building operations to balance cost effectiveness, space planning and sustainability.

    By Facilities Dive staff • Jan. 31, 2024
  • A group of workers at an office desk.
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    Skynesher via Getty Images
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    Employers rethink the office, eyeing flexible spaces and short-term leases

    Adding more unassigned desks, collaborative workspaces and enhanced digital conference areas that connect remote and in-office workers is a focal point for a majority of companies surveyed, a new report finds.

    By Carolyn Crist • Jan. 31, 2024
  • Wings & Rings catering wing box
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    Permission granted by Wings & Rings
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    Deep Dive

    Return-to-office traffic is fueling a catering boom in 2024

    Office catering is on the rise as employers use food to incentivize employees to come into the workplace, said Alison Quinn, Dinova CEO.

    By Julie Littman • Jan. 29, 2024
  • Two coworkers walk into a modern office building.
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    Frazao Studio Latino via Getty Images
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    Deep Dive

    How facilities managers will navigate the return-to-office landscape in 2024

    While hard data on occupancy can inform office right-sizing, soft data like employee preferences are becoming key to improving workplace occupancy and tenant satisfaction.

    By • Jan. 29, 2024
  • The exterior of the new Google headquarters in New York City.
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    Michael M. Santiago via Getty Images
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    Google, Danfoss partner on data center heat reuse systems

    The agreement, which includes plans to implement high-efficiency compressors, is expected to provide a renewable energy source for buildings’ on-site heat.

    By • Jan. 25, 2024