Office

In preparation for our upcoming Woman of Influence marketing influencers, which will publish in the GlobeSt. Real Estate Forum July/August publication, we wanted to take a moment to recognize some of the leading ladies who have already made big moves in this space.

Entertainment companies have been a major driver of office leasing in L.A., but the pandemic will stall that activity.

The Dot Com Bubble and the 2008 Financial Crisis could inform the damage to come and the recovery in the current dislocation.

Frazier and Merck made news yesterday when in announcing its first quarter financial results, the pharmaceutical firm announced its intent to consolidate its New Jersey campuses into a single New Jersey headquarters location in Rahway by the end of 2023.

There are several nearby companies that have won new vaccine contracts as a result of the coronavirus and this should lead to further development and possible expansions of existing facilities, Avison Young's Nick Banks says.

As challenges mount to open offices and other CRE trends, some observers urge caution.

The majority of survey participants anticipate that the economy will need at least 12 months to 24 months to fully recover from the pandemic while 30% of participants project a two-year to five-year recovery.

Tenants are re-assessing per employee space allocations with an eye toward de-densifying and providing more space per employee, says the REIT's Steven Durels.