Blog
Concessions offered to lure office tenants are eating away at landlords’ income
In New York, average work values (or tenant-improvement allowances) are up more than 46% since the third quarter of 2019, according to CompStak Inc. A growing spread between starting and effective rents illustrates how office landlords - even among coveted Class A...
Companies Start to Think Remote Work Isn’t So Great After All
Projects take longer. Collaboration is harder. And training new workers is a struggle. ‘This is not going to be sustainable.' Four months ago, employees at many U.S. companies went home and did something incredible: They got their work done, seemingly without missing...
King Of Prussia Q2 2000 Market Report
The King of Prussia commercial sector continues to move forward with the strength and resiliency that the region has come to expect from the largest commercial real estate market outside of Philadelphia, even in the midst of the COVID-19 pandemic. The vacancy rate for...
July 16—COVID-19 UPDATE: The Office Is Not Dead – Just Evolving – and Definitely Here to Stay
The current unprecedented pandemic has impacted many facets of the real estate landscape, and the office sector will be no exception. The severity and direction of these implications will vary based on the time horizon (short-, medium-, or long-term), location (strong...
July 13—COVID-19 UPDATE: The New Normal: Can Smart Buildings Create A Safer Workplace?
As businesses re-open and others continue their preparation to welcome employees back to the workplace, the open-plan office suddenly looks more risky than revolutionary. The ability to network while hot desking, learn by listening and brainstorm at the water cooler...
June 9—COVID-19 UPDATE: Goodbye, Open Office?
How Workspaces Will Change After Coronavirus. The new office building has every convenience. Offices will soon feature additional safety measures to protect workers in the aftermath of the pandemic. No matter how long it takes to rid society of the coronavirus, the...
May 29—COVID-19 UPDATE: SBA Guidance on PPP Loan Forgiveness and Loan Reviews
On May 22, the SBA issued two new rules that provide some additional insight into Paycheck Protection Program (PPP) loan forgiveness and for the first time explain the process for lenders and the SBA to review PPP loans and forgiveness applications. The forgiveness...
May 23—COVID-19 UPDATE: Should Our Company Set Up On-Site Testing for COVID-19?
Q: Should our company set up on-site testing for COVID-19? How can we do this? A: Employers can test employees for COVID-19 at work, and they can require a negative test as a precondition for an employee's return to work, Gus Sandstrom, partner at Blank Rome, told HR...
May 21—COVID-19 UPDATE: Farewell, Office. You Were the Last Boundary Between Work and Home.
Your workplace shaped your identity in ways you never knew. The office, for the foreseeable future, is dead. Google and Facebook are telling employees they can work remotely until 2021. Twitter is allowing employees to work from home “forever.” A number of big banks...
May 20—COVID-19 UPDATE: Governor Wolf Announcement for Real Estate Industry
Governor Wolf Announces Real Estate Industry May Conduct Limited Business Transactions Statewide Governor Tom Wolf today announced that starting today, businesses and employees in the real estate industry may conduct limited business-related activities statewide and...
May 13—COVID-19 UPDATE: Considerations for Re-entry into Office Properties
As states around the country gradually ease stay-at-home orders, it is important that re-entry into office properties be conducted in accordance with the public health guidelines and procedures. Operations will differ from before the pandemic, and landlords should...
