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Showing posts from May, 2021

What Will the Future of the Office Look Like?

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With COVID numbers steadily decreasing, a sense of normalcy is beginning to return for companies that endured the lockdowns. Many CEOs are shifting their thinking about how their company’s office space will look going forward. In this article by Michael Whitten, Vice President in our Cresa Portland office, he explores what some top leaders think about how office space will look in the future. Some highlights: - Amazon expects a return to their offices by the fall. - Offices will need to be designed as a space where employees are drawn to work. - “One size fits all” planning will not work replaced by creating the right office space balance for individual organizations. - A good first step is distributing a remote employee feedback survey to workers and getting real responses (rather than guessing) on how employees see the future office. Cresa will continue to examine how the pandemic has affected the office and we can offer valuable insights on how...

Tips to Consider Before Signing your Next Office Lease

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If your company has a lease that needs to be renewed, it’s an excellent opportunity to look at the lease language, options, and clauses. In this piece, author Alex Coe offers some great tips for your real estate strategy and lease renewals. Some highlights: - Workforce strategy and return to the office needs to be examined. In the JP Morgan Chase example, their CEO is planning for every 100 employees, 60 seats are needed. - There is real-time opportunity to negotiate rates as much as 8 to 12 percent below the market rate in the Dallas office market. - In the Dallas market, there is a 15-20% increase in earning Tenant Improvement allowances. - There is opportunity to implement options and clauses to future proof their lease language. - It may be time for a forensic lease audit. If you have questions about any of this tips or information in this article, give me a call at 301-841-6542 or visit my website . Tips to Consider Before Signing y...

Now is the time to shift to long-term RE planning

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Cresa believes that the time has come to shift thinking about your office space requirements to a long-term approach. In this Cresa whitepaper, author Ash Pajoohi, Principal, Head of Portfolio Strategy and Consulting, lays out the position that change is inevitable for companies and their workplaces but a balanced approach that prioritizes an employee centric environment with productivity and revenue will ensure long-term success. He has some excellent points about your Short, Medium, and Long term tactics that should be part of a companies long term strategy. Some old mind sets may need to shift and he lays out a roadmap in this whitepaper. If I can help you with your office space planning and strategy, please contact me to start a conversation! Now is the time to shift to long-term RE planning The spring of 2020 will go down in the history books as the first health pandemic to affect much of the world in over fifty years, resulting in a global economic shutdown. With the easing o...

The Days of Simple Brick or Glass Walls May Be Over

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At Cresa, we are seeing unprecedented changes to how companies are now organizing their office spaces. The health of their workers remains a top priority and protecting their work force from COVID and other illnesses are driving change in the architecture of buildings and office space. A clean, bright, and greener environment is now a goal for many corporations as their work force begins to return to the office. The article featured below was produced in collaboration between Truebeck Construction and Studio B. Bisnow news and has some great insights on how office architecture is changing. If we can work with your company to bring our expertise with workspace planning, design & support, please reach out to me via my website or contacting me directly at 301-841-6542. New Tech HQs Are Getting Complex, Moving Facades That Let In Light And Fresh Air April 29, 2021 Truebeck Construction Benjamin Paltiel, Bisnow Custom Content Writer The days of simple brick or glass walls may be ov...