Office

Driving Office Redevelopment in the U.S. Northeast

A number of cities in the U.S. Northeast are supplanting outdated office product with new thanks to strong, diversified economies; vigorous job creation; and increasing formation of businesses. Further driving development in the Northeast—New York, Massachusetts, Pennsylvania, and New Jersey—is continuing demand from the education and medicine (“eds and meds”) and technology sectors, among others.

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Recent Articles

  • Coworking Spaces Seen as Key Tenant for Houston Office

    December 7, 2018

    Coworking reigns as a core strategy, rather than a craze, against the backdrop of commercial real estate evolving from a space-leasing business to a service-delivery business, said speakers at a ULI Houston luncheon in November.

  • Building Workplaces to Drive Innovation over Pure Productivity in Shenzhen

    November 21, 2018

    The workplace of the future needs to provide flexibility and wellness in order to drive innovation, said a design expert giving a keynote at the 2018 ULI Japan Fall Conference in Tokyo.

  • In Brief: Costs Rising but U.S. Office Vacancy Stable in Third Quarter

    November 13, 2018

    The overall availability rate for U.S. office space was unchanged as of the end of the third quarter of 2018, remaining at 18.1 percent, according to the latest Savills Studley Report: National Office Sector from commercial services firm Savills Studley. San Francisco remains the tightest market in the country, with an availability rate of 9 percent, followed by Boston/Suffolk County, 9.7 percent; New York City, 11.6 percent; and Austin, 12.8 percent.

  • In Brief: Investors Say Coworking Space Well Positioned for Potential Downturn

    September 7, 2018

    According to a new report from Cushman & Wakefield, flexibile office space could triple in size in the coming years, representing 5 to 10 percent of office inventory in many markets. Investors also believe coworking is well positioned to weather an economic downturn.

  • Tech and Manufacturing Driving Growth in Southern U.S. Markets

    August 27, 2018

    While America’s South continues on a steady course with a growing population and an increasing number of jobs, officials are acting on some challenges, which include traffic, housing affordability, education needs, and the rising cost of construction.

  • In Brief: Prime Office Rents Rise across Three Major Regions, CBRE Reports

    July 23, 2018

    Hong Kong Central remained the most expensive office market in the world, according to CBRE’s annual Global Prime Office Occupancy Costs report. Hong Kong Central’s overall prime occupancy costs of US$307 per square foot (US$3,305 per sq m) per year topped the “most expensive” list, followed by London’s West End, Beijing’s Finance Street, and Hong Kong’s Kowloon.

  • Revitalizing a Historic Mill Town in North Carolina

    June 18, 2018

    At a ULI Triangle event in April, representatives of North Carolina’s Capitol Broadcasting Company shared the firm’s plans to redevelop a historic cotton mill, ultimately shifting the fortunes of the town of Rocky Mount.

  • Building the Infrastructure to Keep Growing Life-Science Companies in New York City

    June 11, 2018

    Hundreds of millions of dollars are pouring into plans to help incubate and retain life-science startups in New York City, panelists said at a ULI New York event in May. Locating in Manhattan offers the benefit of a variety of possible partners, including universities, hospitals, and other technology firms, as well as the presence of investors and potential employees, they said.

  • Office Landlords Increase Focus on Enhanced Workplace Experience to Retain Tenants

    May 21, 2018

    A sea change is taking place in the way companies use office space design, amenities, and location to attract the most talented employees to their firms. Speaking at a ULI Boston event in May, panelists said that while lease flexibility is key to attracting desirable tenants, so is the user experience of the building itself.

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