Companies have another reason to let go of office space: a potential recession

Jul 5, 2022
If the pandemic didn't convince CEOs to get rid of costly in-person work environments, an economic downturn might do the trick.
Occupancy periods in leasing agreements shortened during the pandemic, which could expand the amount of unused office space in a few years' time.
Saul Loeb/AFP via Getty Images

As more workers stay remote, developers eye the prospects of turning empty offices into housing

Feb 2, 2022
In Los Angeles, where there's a housing crisis, the pandemic has some looking at the "adaptive reuse" of under-used office buildings.
Converting empty offices to residential spaces could provide a solution to cities' affordable housing crises.
Patrick T. Fallon/AFP via Getty Images

Warehouse space snapped up as retailers stockpile supplies, goods

Jan 27, 2022
Storage prices are soaring, especially in locations near big ports and major metro areas.
To avoid supply chain crunches, some businesses are stockpiling goods and supplies — all of which need a place to be stored.
Chip Somodevilla/Getty Images

Commercial real estate firms, co-working companies join forces

Aug 9, 2021
Commercial real estate company Cushman & Wakefield partners with WeWork, hoping to absorb some of that vacant office space.
Cushman & Wakefield's $150 million partnership with WeWork is the latest in a series of deals between commercial real estate firms and shared workspace companies.
Timothy A. Clary/AFP via Getty Images

Warehouse space in high demand as companies shift to e-commerce

Jun 23, 2021
The U.S. may need an additional 330 million square feet of distribution space by 2025 to handle the expected expansion of online sales.
As people are pivoting away from buying goods, retailers are faced with surplus inventory.
Oli Scarf via Getty Images

Simon Property Group bets on retail comeback with store leases

May 11, 2021
The commercial landlord agreed to lower mall retailers' base rents for a bigger cut of their sales.
Rather than evict or sue some of its tenants that missed rent payments, mall owner Simon Property renegotiated "break points."
Spencer Platt/Getty Images

Commercial construction faces a rocky year but skilled workers are still needed

Apr 20, 2021
Study shows commercial construction employment is still down about 5% from before the pandemic.
Study says any ramp-up in big and expensive projects will lag the overall economic recovery.
Sean Gallup/Getty Images

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Commercial landlords look to grocery stores to fill retail vacancies

Apr 16, 2021
Groceries are recession-proof, they sign long leases and bring foot traffic to strip malls. But there can be too many in one area.
Grocery store chains like Aldi, Food Lion and Lidl have major expansion plans.
Sean Gallup/Getty Images

The big empty: San Francisco is sitting on millions of square feet of vacant office space

Mar 17, 2021
Which raises the question: Does it look the city's going to ghost itself?
While other office spaces remain empty, some trophy properties, like the Salesforce building, center, remain hot commodities.
Josh Edelson/AFP via Getty Images

A second location? During a pandemic? It’s within reach for some businesses

Mar 10, 2021
A business owner in Brooklyn who almost went under last year is now looking to expand in a way she hadn't expected.
Pooja Bavishi at her Brooklyn ice cream shop, Malai. When she had to close for several months, her online sales surged.
Samantha Fields/Marketplace