Work From Home Could Cause Sublease Spike
The Real Deal
As companies consider longer-term plans to work from home and the economy struggles, Manhattan’s office landlords are facing the specter of competing with their own tenants to lease space.
Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The Real Deal
As companies consider longer-term plans to work from home and the economy struggles, Manhattan’s office landlords are facing the specter of competing with their own tenants to lease space.
Fast Company
Wall Street Journal
One of China’s largest facial-recognition companies is testing the waters for a $1 billion capital raise, according to people familiar with the matter, at a time when governments and businesses are making increasing use of surveillance technology during the coronavirus pandemic. …
Wall Street Journal
I keep reading that because of this crisis, the office of the future will be different, that we are all going to have to show up every other day, sit in enclosed space bubbles, eat lunch alone and ride elevators by ourselves. Stop me when any of this sounds bad. The office of the future sounds pretty much like heaven. Show up every other day? An elevator all to myself? That has been my dream for decades. Granted, I may have to wait in a two-hour line to ride it, but still…Worth it! …
Omers Ventures
It is very possible we are experiencing a seismic shift when it comes to where we work. Maybe we’ve had it wrong all along. Perhaps even in the long term, the need to justify ‘work from home’ will be replaced with ‘work from office’ as the rarer occasion?
Bloomberg
The valuation of WeWork has tumbled to $2.9 billion amid the coronavirus pandemic and its ongoing business struggles, a tiny fraction of its peak when the office-sharing company was among the world’s leading startups.
CREtech
Return to work looks totally different across the US. Hear from leading property owners, developers and managers across major US markets as they share their real time feedback on the varying plans for return to work across asset types & occupier types. We are surprised by how different each market is and how employers and governments are reacting and responding to the Return to Work planning.
Bisnow
These firms are doing so under the knowledge that their clients, who are relying on their advice on how to allow their own employees back into offices across the globe, will be watching how it works out for them. “There are a lot of things we need to do well to make it work,” NKF Executive Vice President Roy Abernathy said. “Clients are looking to us to do it well. And clients are looking to us to provide those best practices and demonstrate them.”
Wall Street Journal
In March, Lester and Janet Knispel paid $1.55 million for a white-columned house on the second fairway at Isleworth Golf & Country Club in Windermere, Fla. Now their televisions are mounted on the walls and their Porsche is parked in the garage.
Wall Street Journal
Cybersecurity firm Rapid7 Inc. RPD 2.78% last year installed tiny cameras around its Austin, Texas, office to track how its staff used the space. Now it’s using those same cameras to keep workers apart.
Subscribe to CREtech to get our monthly newsletter curated by our editors and special event discounts and announcements.
or sign in if you're already a member