When it comes to store closings, 2020 was a year for the record books. Ravaged by a pandemic that shuttered stores for weeks in the spring—driving more spending online—retailers big and small closed 12,200 stores in the U.S. last year, according to a compilation released on Wednesday by commercial real estate firm CoStar Group. In […]
Millions of office employees and the businesses which use them will find in 2021 if the job practices they {} in the pandemic are a brand fresh standard or a catastrophe make-do greatest left behind. In the procedure, companies will start to learn if the office bets they are producing for the long run are […]
The availability rate climbed to 13.5percent in November, with more firms seeking to sublease their workplaces, Colliers said. The pandemic has drained Manhattan offices and motivated companies to rethink how much distance they want as they attempt to cut prices. That is weighed on the stocks of notable New York construction owners SL Green Realy […]
“I really like my flat, but it’s 900 square foot. “And we’ve done it for a lengthy moment.” As it became evident the Discovery office would not be launching until 2021, Crabbe switched into WeWork. Back in September, she bought the coworking giant’s All Access subscription program, an offering which has been created through the […]
We knew that it was a terrible time for commercial property. We didn’t picture that it was this poor. One of CEOs, 76 percent advised Fortune their firm will require less office area later on. And 28% state that they ’ll require much less office area. * If these discounts come into fruition, it might […]