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Office buildings

When it comes to office space, some firms find better is better — but bigger is not

by Stephanie Hughes
Jul 31, 2024
As workers settle into hybrid work routines, some employers are upgrading to nicer spaces with a smaller footprint.
Some employers are opting to trade in older, larger offices for smaller ones with more amenities, said commercial real estate broker Scott Wimbrow.
Andrew Caballero-Reynolds/Getty Images
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Commercial construction has hit a brick wall. Why?

by Mitchell Hartman
Mar 13, 2024
Factors like high interest rates, tight credit and workers continuing to work from home are all hitting commercial construction demand.
Factors like high interest rates, tight credit and continued remote work are all hitting commercial construction demand.
Spencer Platt/Getty Images
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Vacant office buildings create a tax revenue problem for cities

by Kristin Schwab
Feb 16, 2024
Take Boston. Over the next five years, that city could face a tax revenue shortfall to the tune of $1.2 to $1.5 billion, according to a new study from the Boston Policy Institute.
Over the next five years, Boston could face a tax revenue shortfall of up to $1.5 billion.
Billie Weiss/Boston Red Sox/Getty Images
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With commercial real estate set for another tough year, some small banks are worried

by Justin Ho
Jan 17, 2024
Amid high interest rates and vacancy rates, lenders and regulators are concerned about the fallout when borrowers renew their loans.
Plenty of companies are planning to downsize their office space, which worries lenders that have a lot of commercial real estate debt on their balance sheets.
David McNew/Getty Images
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Here's what might happen if all that open office space stays empty

by Sabri Ben-Achour , Alex Schroeder and Erika Soderstrom
Jul 20, 2023
One thing seems likely, says Lisa Knee of EisnerAmper: real estate is going to need new, creative investors to stay on track.
Office building vacancies are climbing, property values are sagging. That might have implications for all of the investors tied up in commercial real estate debt.
Andrew Caballero-Reynolds/AFP via Getty Images
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As workers slowly come back, big city office occupancy hits a new pandemic milestone

by Samantha Fields
Feb 2, 2023
For the rest of the country, remote work numbers are stable.
Though more workers have begun returning to offices in larger cities, that's less true for workers elsewhere in the country. Above, a view of office buildings in San Francisco.
Justin Sullivan/Getty Images
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COVID-19

Stop talking and face the corner: the new rules of elevators during COVID-19

by Meghan McCarty Carino
Jun 19, 2020
Elevators have always been awkward. Now they're a social distancing nightmare.
People stand in designated areas of an elevator to ensure social distancing, but there's only so much distancing one can do in such a confined space.
Juni Kriswanto/AFP via Getty Images
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