As technology continues to evolve, so does the need for the specialized real estate that accommodates the infrastructure that operates those systems.
Martenson, Hasbrouck & Simon recently completed its move to a three-story build-to-suit office at 2573 Apple Valley Road in Brookhaven, Georgia. The firm previously had its Atlanta offices at 3379 Peachtree Road in the city's Buckhead financial district.
Companies are looking to create more dispersed footprints, adding satellite offices so suburban employees don’t have to commute downtown on transit, says CEO Jim Underhill. Suburban properties that will most benefit from this strategy will be those in walkable areas, he adds.
For the younger generation of millennials who were still in school during the Great Recession of 2008, the current crisis is uncharted territory.
By now most businesses have mapped out their return to office plan, and whether that reflects a remote work model or a full return to the office, occupiers should take a closer look at their technology solutions for both scenarios.
As companies across the globe begin to plan and implement a Return to Office (RTO) program, many are left wondering what our work life will look like going forward. There is a widely shared belief that things will be different, but we are far from a consensus on which lasting impacts will shape how and where we work.
The rapid spread of COVID-19, and the public health measures taken to reduce its deadly impacts, have caused significant disruptions to global economic markets. Due to widespread business closures in America’s largest urban markets, and uncertainty over the duration and recovery of the pandemic, commercial real estate markets will face challenges in the coming years.