How much do you know about the latest trend in office space: Healthy offices

The jury is in: healthy, happy employees are productive employees.

And with staffing costs accounting for a huge portion of business budgets — 90% in most cases — smart business owners will make finding spaces that enhance worker happiness, and therefore productivity, a priority.

Measuring the office qualities that contribute to worker health and happiness has always been a challenge, however.

Topics: Industry News Best Practices Efficiency

4 commercial real estate technologies you should be watching

New year, new tech trends. Or at least, renewed attention on tech trends and new resolutions to be a better broker and human.

There’s a ton of advice out there on the latest products and life hacks that can make you better, faster, stronger. There’s certainly enough technology promising to change the game. The trick is knowing when to adopt these technologies and when to watch and wait until they’re a little more evolved.

Here are a few current trends that you should be keeping an eye on.

Topics: Industry News CRE Tech

3 ways transit-oriented developments are reshaping our downtowns

Downtowns all over the U.S. are undergoing a development shift thanks to millennials, baby boomers and a general change in the way people view renting vs. owning.

Many of the dense urban cores in the country’s most popular downtowns and metropolitan statistical areas (MSAs) have become so popular and congested that it is no longer possible for all the residents, workers and visitors to park near their destinations. Not that many would want to drive in some of these cities anyway—the traffic surrounding the most congested cores (such as Midtown Manhattan, SoMa in San Francisco and Downtown Los Angeles) is so bad it can add hours to a roundtrip commute.

Topics: Industry News Disruption

Get ready—mobility is going to change the world of retail CRE

2017 is shaping up to be an exciting year for the mobility industry. We might soon see completely autonomously driving cars on the road, while ride hailing services like Uber and Lyft are taking us closer to not even needing to own a car at all.

As a commercial real estate professional, these trends are sure to rock your world, so you’d be wise to pay attention. Here, we’ll run through some potential effects these shifts in mobility could have on the commercial real estate industry.

But first, let’s take a step back…

Topics: Industry News Disruption

2 things you need to know about the interest rate hike and commercial real estate

The wait is finally over. Prepare to wait some more.

The Fed recently made the announcement—an event almost as anticipated as the release of a new iPhone—that it is raising interest rates by 0.25%, to a target range between 0.5% and 0.75%.

The commercial real estate industry has awaited this moment for months, though reports so far aren’t showing a major impact on CRE (yet). Indeed, executives have braced for a jump in interest rates for quite some time, while the Mortgage Bankers Association (MBA) has advised borrowers that have not locked in fixed-rate, long-term loans to pay extra attention to fluctuations in rates.

Topics: Industry News

Trend alert: Long-term efficiency savings start to outweigh rents for tenants

There’s a new trend hitting the streets of our towns that are making developers, owners and investors very happy: an increasing emphasis on long-term efficiency savings for all types of commercial users. Landlords can use it to justify strong rents, and with many users noticing the money they can save on operations, these inflated rents are taking off.

Topics: Industry News

Open office or private? A short guide to help your clients decide

As a commercial real estate broker, you’re sure to encounter questions from clients who are weighing the pros and cons of private offices vs. open office floorplans.

The open office floor plan has gotten a lot of attention lately—both good and bad. Proponents expound its potential for facilitating the free-flowing exchange of ideas, while critics say the open office floor plan leads to distraction and lost productivity and doesn’t really foster as much collaboration as you might think.

Topics: Industry News Efficiency

The 10 CRE conferences you don’t want to miss in 2017

With the holiday season in full swing, most brokers and firms are working on their 2017 budgets. That’s in addition to closing out the year and making holiday travel plans.

But don’t forget, the end of the year is also the perfect time to start thinking about which commercial real estate conferences to attend in 2017. Networking opportunities and continuing education are the main reasons to attend industry conferences, but it’s also a chance to let loose, enjoy a change of scenery, and have a bit of fun with peers you don’t often get to see face-to-face.

It’s advantageous to start planning your travel schedule now for next year’s conferences. By planning early, you’ll benefit from the early-bird registration rates, hotel discounts, and cheaper flights. We know time away from the office can be challenging, but these 10 CRE conferences are worth setting aside the time and budget for in 2017.

Topics: Industry News

Where marijuana is legal now and why it matters for brokers

In 2016, we wrote about why brokers should be proactive about pot.

Now that we're past the election, we wanted to provide a quick update to make sure you know where things stand in your market.

Topics: Industry News

Caffeine addicts take note: Starbucks’ high-end concept just got more serious

Earlier this month, Starbucks Chairman and CEO Howard Schultz dropped a bit of a bombshell.  He plans to give up the chief executive title in April to pursue other ventures, including heading the expansion of the upscale Starbucks Reserve Roastery. This new chain could total about 1,000 stores, with some fitting in existing Starbucks and others in their own separate locations.

Topics: Industry News