Late loan payments in commercial real estate are on the rise. Old, obsolete office buildings compounded by a decreased need for office due to the Work-from-home (WFH) and hybrid work phenomenon are the major contributing factors to these delinquencies. Overall, the rate of delinquent loans hit 6.8% in August 2023, as compared to 4.5% in June 2022. …
One of the biggest perks of working from home, besides the flexible hours and ability to wear sweatpants all the time, is the lack of a commute. But as businesses urge workers to return to the office, they are now tasked with giving their employees incentives to get back in the car and commute to …
The COVID-19 pandemic has brought significant changes in the Commercial Real Estate office market. As brokers, we have been able to see and participate in these changes firsthand. All Tenants and Landlords are making adjustments on how they lease space. When culture-altering changes happen, companies that learn to adapt are far more successful than those that don’t. …
As more and more companies around the country are returning to work, big corporations are trying to incentivize their employees to get them back into the office. Some are even bribing their employees with the promise of charity donations for each day that an employee comes to the office (The Carrot). Other companies are threatening …
As work from home and flex work continue to progress, there have been a number of different experiences, challenges, and thoughts from employers who are living this change in work habits in real-time. Take a look below to see some quotes that were pulled from business owners and C Suite leaders: — “The talent …
The illusion of work from home (WFH) proving more productive than being in the office together, is called out in this great article from The Economist. The argument against the myth is actually articulated really well. My simple takeaway is that it’s harder and costlier to collaborate virtually, making job skills suffer. See below …
We continue to talk about the return to the office in this narrative because it’s at the forefront of our clients’ minds. The below report from Leesman polled real estate leaders on the state of the workplace following the Covid-19 pandemic. Here are a few takeaways I found most interesting: –Almost 40% are planning major changes …
At the Coppola-Cheney Group, we have been waiting for workers to get back into the office since the start of COVID….and now here it is. Companies are making employees come back to the office to work. This isn’t a shock to us because we talk to owners, CEOs, and leaders every day. They want this. …
No matter what sector of real estate you focus on, E-Commerce affects us all. Its disruption of the commercial real estate world has accelerated exponentially due to COVID-19’s effects on our shopping behavior. This disruption is forcing property owners, especially industrial and retail, to re-think how they “maximize” the sites they own. It’s also spilling …
Development Strategies for Maximizing E-Commerce Demand Read More »
The evolution of hybrid work continues as companies move on from the pandemic. While work from home (WFH) satisfies many, the allure of work from anywhere (WFA) may seem like a dream scenario. The article below from The Economist takes a closer look at the realities of completely untethered work. It’s important for employers and Landlords to understand …
