Practical Facilities Tips, News & Advice.
Just as commercial real estate (CRE) began to recover from the impacts of COVID-19, the industry is now entering a new era of financial pressures. Driven by an uncertain economy, aging infrastructure, extreme weather events, and a more conservative insurance underwriting landscape, property insurance premiums are climbing at an alarming rate. In Q1 2024, commercial […]
A whopping 84% of commercial building decision-makers plan to increase their use of artificial intelligence (AI) in the next year to help them improve security, streamline energy management, and integrate predictive maintenance. That’s according to a recent study from Honeywell, which polled over 250 U.S. building managers and senior decision-makers across building types, including offices, […]
Of the 776 million square meters of existing office space across 66 markets globally, about half of that space, or 322-425 million square meters, is likely to require substantial investment to remain viable in the near term—an investment of approximately $933 billion-$1.2 trillion in spending. That’s according to JLL’s latest research, “Opportunity Through Obsolescence.” The […]
Smart building technologies have revolutionized how facilities managers approach efficiency, safety, and productivity. The increasing popularity of smart buildings has illustrated a pressing need to adapt to the changing needs of individuals and businesses in an ever-evolving industry. Among the many innovations that have gained traction in recent years, people counting systems have emerged as […]
By automating technologies such as HVAC, lighting, fire and life safety, and security and access controls, building owners and facilities managers have realized they can achieve benefits such as more efficient energy consumption, increased response times to emergencies, and a healthier occupant environment. According to a new report from Guidehouse Insights, revenue attributed to commercial […]
The U.S. Environmental Protection Agency (EPA) revealed its annual “Top Cities” list, spotlighting the cities with the greatest number of ENERGY STAR-certified commercial and multifamily buildings in 2023. Los Angeles leads the pack, with 876 ENERGY STAR-certified buildings. In second place is Washington, D.C., with 631 buildings, followed by New York in third place (390 […]
The shift towards hybrid work has revolutionized workplace dynamics, prompting operational leaders to adapt swiftly. With this evolution, employees have presented diverse demands, compelling leaders to leverage workplace technology for precise metrics. This technological utilization is not solely for convenience; it has become integral for managing facilities and strategizing space allocation effectively. Interpreting these metrics […]
Cubicles and closed-off spaces in workplaces are outdated. Today, many businesses prefer open floor plans over private work zones. While open spaces are great for collaboration, they also have some drawbacks. How can you enhance the flexibility of open floor plans, boost employee well-being, and mitigate the drawbacks? Here are some ideas to consider. The […]
The market for net-zero commercial buildings is expected to grow dramatically over the next decade, largely due to the implementation of net-zero building codes by national and state governments across Europe and North America. According to a new report from Guidehouse Insights, the number of net-zero commercial buildings around the world is estimated to be nearly 500 in […]
If you own a hospital, factory, or another large-scale commercial or industrial entity, you likely have a lot on your plate. In addition to making sure that all operations are running smoothly, you also need to worry about the construction and maintenance of your building. While construction and maintenance might not seem like a huge […]