Operations: Page 6
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Office real estate is now a tale of three markets, Cushman & Wakefield says
The office vacancy rate will peak at 21.6% in late 2025, but performance between the best and worst buildings varies greatly, according to the firm’s mid-year macro outlook for commercial real estate.
By Nish Amarnath • July 9, 2024 -
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US office vacancy rates break 20% for first time ever
Preliminary second quarter data from Moody’s shows the third straight record-breaking quarter beyond previous historic peaks seen between 1986 and 1991.
By Joe Burns • July 9, 2024 -
Explore the Trendlineâž”
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TrendlineOffice Space Utilization
From return-to-office mandates to pressures to boost the efficiency of office space utilization, facilities management professionals navigate a landscape that must align with evolving workforce and tenant preferences.
By Facilities Dive staff -
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Hybrid work is now the norm, but attendance requirements rarely enforced: CBRE
Average turnover rates are highest for firms that are fully remote compared with those that are fully in-office or other approaches, a survey of more than 340 U.S. companies found.
By Joe Burns • July 3, 2024 -
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R-Zero rolls out short-term leasing for office sensors
The wireless, battery-powered sensors can help organizations study patterns of peak utilization and find the right space to support employee productivity, the building intelligence firm says.
By Nish Amarnath • July 1, 2024 -
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Tech workplaces haven’t caught up to new work patterns, research indicates
Open-plan offices no longer work well for hybrid schedules and video calls, so employees are using meeting rooms for quiet space.
By Carolyn Crist • June 21, 2024 -
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CBRE acquires Direct Line Global, bolstering data center technical services
Direct Line Global, which provides design, installation, maintenance and management solutions and server support infrastructure, will operate as part of CBRE’s data centers solutions business.
By Joe Burns • June 21, 2024 -
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JLL Serve launch highlights ongoing AI initiatives in the commercial real estate sector
The application enables JLL to unify data across disparate assets in a single mobile- and web-based platform, and represents “the next step in JLL’s journey” to automate facilities management workflows, the firm says.
By Joe Burns • June 18, 2024 -
ABM lands $25M deal with Phoenix for city airports
The facility services company will provide janitorial cleaning services spanning 4.8 million square feet of space across Phoenix Sky Harbor International Airport, Deer Valley Airport and Goodyear Airport, it says.
By Nish Amarnath • June 17, 2024 -
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Office spaces are leading CRE stress, Wells Fargo, PNC CFOs say
“Older office buildings that are not renovated in certain areas of different cities are the places that you’re seeing the most stress,” Wells Fargo CFO Mike Santomassimo said Tuesday.
By Caitlin Mullen • June 14, 2024 -
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High-performing submarkets show location and quality are key in life sciences
Ongoing movement to top-tier facilities in core markets is underscoring the need for lab operators to improve space and add attractive amenities, according to JLL.
By Joe Burns • June 13, 2024 -
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Planning for parking demand today and tomorrow
Experts see declines overall but growth in some areas and facility types, with the only certainty being more change ahead.
By Amanda Loudin • June 11, 2024 -
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Insurance costs of US commercial buildings could jump almost 80%, on average, by 2030: Deloitte
To combat rising costs, driven by increasing climate risks, property owners should consider prevention measures, self-insurance and relocation, a report says.
By Joe Burns • June 7, 2024 -
Facilitron’s school facility rental platform gains traction
The platform, which serves some of the biggest U.S. school districts, aims to optimize facility rentals and revenue, replacing outdated systems, says CEO Jeff Benjamin.
By Brian Martucci • May 30, 2024 -
Federal agencies can save $100M or more with predictive models for deferred maintenance: GAO
Agencies can also achieve savings of $10 million or more in the next five years through building utilization benchmarks that help reduce underused office space, according to a U.S. Government Accountability Office report.
By Nish Amarnath • May 22, 2024 -
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Bronx Zoo’s energy overhaul promises nearly $500K in annual cost savings, NYC officials say
The move to replace pumps, waste heat recovery units, coolers and controls at the zoo’s cogeneration plant is part of a $17 million project that also includes water-loop rehabilitation and two boiler replacements.
By Brian Martucci • May 22, 2024 -
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Wearable devices detect cleaning needs in Infogrid’s new data-driven commercial cleaning system
Smart Cleaning Pro uses Internet of Things sensors, wearable devices and cloud-based software to provide real-time data and identify cleaning needs, the company says.
By Nish Amarnath • May 17, 2024 -
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Ecotrak unveils maintenance inventory, technician management tools for multi-site businesses
The new tools for its facilities management platform provide real-time visibility into inventory levels, dispatch operations and more, the company said.
By Joe Burns • May 14, 2024 -
Retrieved from Office of Inspector General, U.S. General Services Administration on May 10, 2024
GSA called out for poor oversight of maintenance contracts
Contractors did not complete 34 of the 49 work orders for six U.S. General Services Administration-owned buildings, an inspector general report says.
By Nish Amarnath • May 10, 2024 -
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Tenants retain upper hand as US office vacancy hits fresh high: CBRE
Many office landlords are continuing to offer tenants generous concessions as hybrid work and other factors weigh on demand.
By Maura Webber Sadovi • May 8, 2024 -
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Q&AClimate action, technology can feed maintenance, energy efficiency, C&W Services exec says
Michael Gill, new senior director of client services for New England at the Cushman & Wakefield subsidiary, discusses reducing energy and carbon use intensity to meet sustainability goals.
By Joe Burns • Updated May 15, 2024 -
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Improving workplace experience grows in importance for commercial real estate teams
Data integration and change management challenges have hindered widespread adoption of workplace experience applications, but implementation is expected to rise in 2024, according to a report from CBRE.
By Joe Burns • May 3, 2024 -
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Tech costs, consolidation impede automation of workplace operations, Envoy finds
Though one-third of organizations report managing most workplace operations manually, most believe AI will soon have the biggest influence on workplace operations.
By S.L. Fuller • May 1, 2024 -
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Mississippi schools address long-standing facility needs with federal COVID-19 funds
About 40% of Mississippi districts' American Rescue Plan funds so far have targeted HVAC, maintenance, construction and other building needs, a FutureEd report says.
By Kara Arundel • April 29, 2024 -
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Envoy launches AI-driven space utilization tools amid return-to-office wave
Businesses using manual processes to manage workplaces are “struggling to measure RTO performance,” the company says.
By S.L. Fuller • April 23, 2024 -
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Office leasing expected to reach 85% of pre-pandemic levels this year, JLL exec says
Tenant downsizing has slowed to under 12% in the past 12 months, according to the real estate services firm’s U.S. Office Market Dynamics report for the first quarter of 2024.
By Nish Amarnath • April 22, 2024
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