Practical Facilities Tips, News & Advice.
Editor’s note: FM Perspectives are industry op-eds. The views expressed are the authors’ and do not necessarily reflect those of Facilities Management Advisor. As commercial real estate undergoes rapid digital transformation, driven by the need for greater sustainability, improved energy efficiency, and the evolving demands of hybrid work, the cybersecurity of building management systems (BMS) is becoming […]
The U.S. Green Building Council (USGBC) has officially launched LEED v5, the latest version of its flagship LEED (Leadership in Energy and Environmental Design) green building certification program. The USGBC released the first draft of the highly anticipated update in late 2023. In 2024, the group held two public comment periods, receiving more than 7,000 […]
Rising costs and concerns about inflation have turned tenants and guests into savvy, budget-conscious consumers. Whether managing multifamily properties, office buildings, or hotels, facilities management professionals face increasing pressure to justify every dollar spent on amenities. Every offering must deliver real, measurable value that convinces tenants their money is well spent, regardless of the property […]
Office vacancy rates have climbed sharply in the wake of the pandemic as many firms downsized office space due to remote work. Nationally, the United States office vacancy rate hovered around the high teens by late 2023 (nearly 17%–20%, up from roughly 9% pre-pandemic). Major city centers have been hit especially hard. These elevated vacancies […]
In the food and beverage industry, facilities managers face the daunting task of balancing tight profit margins with the need to deliver high-quality, sustainable, and affordable products. For food processors, the net profit margin is just 6.01%, while beverage companies have a net profit margin between 9.29% and 14.07%. Rising energy prices, evolving consumer demands, […]
Trenton C. Patterson, a director of FM operations at CBRE, is proud to be part of the facilities management industry and urges insiders, company leaders, and the world at large to recognize just how crucial FM work is. In his role, Patterson manages North American properties for a global beverage company on behalf of CBRE. […]
The International Facility Management Association (IFMA) has teamed up with software company Autodesk to launch the Building Lifecycle Management Initiative (BLMI). With a global focus spanning North America, EMEA, Asia-Pacific, and LATAM, the new initiative is a technology-agnostic, standards-aligned endeavor that aspires to unify commercial real estate stakeholders—from owners and facilities managers (FMs) to architecture, […]
In a year when data centers faced their toughest power challenges yet, the industry didn’t just survive—it thrived. JLL’s new North America Data Center Year-End 2024 Report reveals a sector charging full speed ahead, with colocation vacancy plummeting to a record low of 2.6% and absorption levels doubling in just two years. But beneath the surface of […]
New research found that 34% of businesses plan to increase the number of in-office days in 2025. This trend is prompting enterprises to enhance their use of artificial intelligence (AI) and cross-platform data analytics to better manage workplace occupancy and ensure a balanced employee experience throughout the workweek. That’s according to Eptura’s latest annual Workplace […]
The commercial building management industry is poised for transformation as advanced technologies and data-driven insights redefine building management. Mastering these resources is more critical than ever, considering that 80% of buildings operating in cities today are expected to still exist in 2050. Facilities management is increasingly a strategic area for organizations. However, facilities managers, whether […]