Office Space news and trends

As Hybrid Work Impacts Urban Retail, London Looks to Offer Rent-Free Shops
Retail // July 31, 2023

During the pandemic, many fled the city to live the suburban life. Today, urban commercial real estate companies are struggling to fill their spaces with enticing retailers that will encourage consumer foot traffic.   Some, however, are willing to make bold bets by bucking the eCommerce...

Office Space Inventory in US Sees First Net Decline
Real Estate // July 27, 2023

The U.S. office market is in uncharted territory as the amount of office space has declined for what is likely the first time in history. Less than 5 million square feet of new offices broke ground in the U.S. so far this year, while 14.7...

Report: Malls Offer Preview of Commercial Real Estate Collapse
Real Estate // February 19, 2023

Are malls the canary in the commercial real estate coal mine? A recent Bloomberg News report warns that the collapse of the American mall industry could be near, and could portend a wave of commercial real estate defaults that extends to office spaces hit by...

CFOs Desperate for Data to Recalculate the Cost of Office Space
CFO // November 08, 2022

When chief financial officers (CFOs) need to make decisions about a company’s utilization of physical space in today’s world of remote work, one thing they need but often don’t have is real-time data. Should a property be kept or closed? Can an office be consolidated,...

Quick Reads
Office Space Inventory in US Sees First Net Decline

July 27, 2023
The U.S. office market is in uncharted territory as the amount of office space has declined for what is likely the first time in history. Less than 5 million square feet of new offices broke ground in the U.S. so far this year, while 14.7 million square feet has been removed from the market, Bloomberg […]

Report: Malls Offer Preview of Commercial Real Estate Collapse

February 19, 2023
Are malls the canary in the commercial real estate coal mine? A recent Bloomberg News report warns that the collapse of the American mall industry could be near, and could...

Coworking Firm IWG, Instant Group Eye Creating Airbnb for Office Space

March 15, 2022
IWG, a flexible-office operator, is looking into a $350 million venture with the Instant Group, which has an online listing site for office space, The Wall Street Journal reported Tuesday...

WeWork Heads Toward IPO With $47B Valuation

May 12, 2019
WeWork is now worth $47 billion as it gears up to go public in what could be the largest IPO of this year. WeWork is heading to the public markets...