As technology continues to evolve, so does the need for the specialized real estate that accommodates the infrastructure that operates those systems.
In the final quarter of 2022, the Edmonton office market continued to experience vacancy pressure as total vacancy increased slightly to 19.66 percent, which is an increase of half a percent from the previous quarter. Net absorption for Q4 calculated at approximately negative 160,000 square feet for the greater Edmonton area.
Thrive Fitness will open a new, 11,900-square-foot gym in the heart of Chamblee, Georgia. Steve Hanna, Vice President at Cresa Global Inc., represented Thrive in this transaction.
Jim Underhill arguing that people are not going back—at least, not to the office life we had, with hundreds or thousands of employees showing up at the same building every day, often to be squeezed into a densely packed, open-plan office. “Call it a de-consolidation of space, rather than having everyone come into one massive office in the cities, though they will remain the hub,” he told Quartz.
As you continue to assess the impacts of COVID-19 on your business and workforce, Cresa can help you reinvent and reposition your business.
While some companies prepare for the return to office, others are opting to incorporate remote work into their long-term workplace strategies. For these occupiers, it will be important to reevaluate your space utilization and — if it proves cost-effective — shed what you no longer need.
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.