Blog
Some Life Insurers’ Office Portfolios Have Relatively High Vacancies
Rates Climb Above National Average for 11 of 15 Largest Property Holders of This Type. Life insurance companies, like some other investor groups, face deteriorating values in their U.S. office holdings. And some of those insurers are exposed to higher-than- average...
More Tenants Plan To Increase Space Next Year Than Shrink It
Also, close to two out of five tenants said they will be preferring longer occupancy terms to get ahead of possible rent increases. More than double the share of commercial real estate tenants are planning to increase rather than decrease their space next year,...
August 13—COVID-19 UPDATE: New Philadelphia COVID-19 restrictions require indoor businesses to require masks or verify vaccination
“The science is clear: these measures will protect Philadelphians and save lives,” Mayor Jim Kenney said. WHAT YOU SHOULD KNOW A new indoor mask mandate will go into effect in Philadelphia at midnight, the city announced Wednesday, except for businesses that require...
What employers can do when a worker refuses to be vaccinated
As companies return to the office, conflicts are likely to arise between the vaccinated and the unvaccinated. Here's how employers can manage the complex scenario. Click here to read the complete article
How to Prepare for 2020-2021 Operating Expenses & Real Estate Taxes
COVID-19 has put a halt on business operations and in turn dramatically affected the accessibility of physical office space. We believe that Annual Pass-Throughs (i.e. Operating Expenses and Real Estate Taxes) will be impacted one way or the other. Whether this means...
7 Commercial Leasing Tips During COVID-19
The COVID-19 pandemic has caused many businesses to struggle. One way to alleviate the financial stress is by approaching landlords to renegotiate commercial lease. Businesses can take several approaches to work out new terms with their landlords. To ensure that your...
CoStar Economy: Why the Return to Normal May Take Some Time
“If you’re offered a seat on a rocket ship, don’t ask what seat! Just get on.” -Sheryl Sandberg, Facebook chief operating officer You wouldn’t know it from media commentary and market swings, but last week included plenty of economic data releases. Granted, the...
January 11—COVID-19 UPDATE: 5 Ways COVID-19 Changed Our Office Space For the Good
COVID-19 Changed Our Office Space For the Good It isn’t easy to find any positives or any silver linings of COVID-19. It is easier to harp on the devastation, the loss of life, the closing of businesses, and fret about our collective uncertainty. However, like all...
2020 in Review: Local office space faced an existential threat
Office space faced an existential threat in 2020. How companies and their employees use office space was upended by the pandemic and the issue is expected to continue to reverberate throughout 2021. The onset of the pandemic that sent office employees to work from...
December 23—COVID-19 UPDATE: How commercial real estate is responding to Covid-19
While sectors start to reopen with caution, questions remain. As the majority of offices shuttered for the spring to allow employees to work from home and safely socially distance, the commercial real estate market came under intense focus. And while sectors start to...
Companies Tiptoeing Back to the Office Encounter Legal Minefield
White-collar workplaces face liability threats and complex compliance issues that until recently applied more to industrial settings Companies are wary of reopening offices due to the risk of exposing employees to Covid-19. They are also worried about their own legal...