Office
A $295 million shared education and research facility for four universities in downtown Portland, Oregon, is intended to address a long list of objectives in one facility. Read about the many opportunities for both physical and financial savings created by co-locating programs from the universities, and the method devised to allocate space annually among the facility’s constituent institutions.
Pittsburgh, Pennsylvania—a city that was once the butt of jokes—now offers numerous opportunities for developers. Spurred by growth in the medical, education, financial services, and computer software industries, downtown office rents are expected to rise 7.5 percent this year—more than triple the national average. Read what advice ULI insiders have for those who want to enter this market.
As scientists from a variety of disciplines share knowledge in pursuit of new treatments, municipal governments pool resources with the private sector to create biotechnology clusters, universities team with nonprofits, and nonprofits work with for-profit firms to speed the “bench to bedside” process. Read about ten projects that take an innovative approach to fostering interaction and creativity.
Five members of ULI’s Office Development Council speak about the trends affecting their market, including opportunities for development and investment, the evolution of tenant needs, and the challenges of adaptive use. Learn whether they think there is value in certification under the Leadership in Energy and Environmental Design rating system.
After a half decade of smallish pilot commercial programs, the retrofit financing structure known by the acronym PACE—for property-assessed clean energy—is becoming available to owners in several major markets, including Washington, D.C., Los Angeles, and San Francisco. Read how it works, and the differing approaches being taken in different cities in implementing the program.
The U.S. office market has shifted its geographic momentum this year, with central business districts (CBDs) and popular urban corridors recovering better than suburban markets. One significant sign of the improving health of CBDs has been a notable increase in corporations migrating from outlying suburbs to downtown or urban locations. Read what three ULI members have to say about his trend.
Before the economy crashed, commercial property owners thought long and hard about retrofitting their properties for efficiency and environmental reasons. But today, survival has become building owners’ overriding goal, with deep-diving retrofits slipping down—or off—the list of priorities. Read more to learn when industry analysts expect once again to see a major spike in the retrofitting trend.
With streamlining, downsizing, outsourcing, improved technology, cloud computing, and more working from home, future demand for office space is a question on the minds of many people in the commercial real estate sector. In light of these trends, an improved economy will not necessarily result in more demand for office space. Read what challenges experts say lie ahead for office landlords.
As new technologies are creating new models of how and where people work, office developers must adapt to these changes in order to provide affordable, sustainable, and appealing workplaces for the future. At a Bisnow Media event in D.C. on June 30, panels of developers, office product providers, and office users discussed how offices are changing—and how they must continue to evolve.
On July 20—the same day the federal government announced its plans to close 40 percent of its data centers—panelists at a “Data Center Boom” event agreed that new data center development is booming. Read how the rapid shift to virtualization technology and cloud computing is spurring the government’s data center consolidation while also driving demand for new data centers and storage facilities.