Practical Facilities Tips, News & Advice.
Many retail facilities managers face uncertainty as store locations continue to close throughout the country. Following a spike in U.S. store closures in 2024, Coresight Research expects closures to escalate further this year, to approximately 15,000. The retail advisory firm projects store openings will remain steady, with about 5,800 stores opening nationwide this year. U.S. store […]
Thinking about making energy upgrades at your facility? Try cashing in on tax deductions! The U.S. Department of Energy (DOE) has released the 179D Portal, which hosts two free tools to estimate potential federal tax deductions for installing eligible energy-efficient technologies in commercial buildings. Intended for commercial building owners, as well as designers of energy-efficient upgrades for […]
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. The construction industry stands at a transformative juncture. After years of technological advancements in sectors such as energy, healthcare, and telecommunications, construction is finally getting the innovative lift it deserves. At the heart of […]
Demand for commercial building electrification has been growing over the past decade as organizations aim to reduce their carbon footprint and become more energy efficient. By electrifying systems such as HVAC, water heating, and cooking, building owners and organizations have been able to achieve benefits such as increased energy efficiency, reduced carbon emissions, and safer […]
L’Oréal USA, the U.S. subsidiary of global beauty and cosmetics giant L’Oréal Groupe, announced its corporate office in El Segundo, Calif., has been awarded two LEED Platinum certifications and a WELL Platinum certification. This achievement marks the first time a L’Oréal building has received three platinum certifications (the highest level available) in sustainability and occupant […]
Planning a major facility renovation or new build in 2025? The state of the construction industry could have an impact on your project. JLL’s new 2025 U.S. Construction Outlook details the opportunities, challenges, and key focus areas for the U.S. construction industry in the coming year, accounting for a rapidly shifting political and economic landscape in […]
The U.S. General Services Administration (GSA), which oversees federal facilities and represents one of the largest landlords in the country, is accelerating its efforts to “right-size and modernize” its federal real estate portfolio. After revealing plans to offload 23 properties in 2023 and three more earlier this year, the agency has now started the disposition […]
Remember the days when many team members were in the office? Well, they’re back, and it may come as no surprise they’re not always excited about returning to their old/new workplaces. Almost every day, there’s another headline covering a CEO calling employees back to the office. Even the U.S. Department of Labor ordered its remote […]
Offices are increasingly vacant. According to Moody’s Q2 2024 CRE trend report, office vacancy rates have exceeded 20% this year as businesses reduce their space or leave the office entirely, driven by the continued demand for hybrid work. In response, building owners and facility leaders are under increased pressure to offer enhanced amenities, to help […]
Return-to-office (RTO) mandates have become a hot topic, with major corporations like Amazon Web Services (AWS) and Dell insisting employees work on-site. However, Amazon’s hardline policy on returning to the office or else is being met with resistance, and other companies are considering their options. In a recent Q&A released by the University of Tennessee, Knoxville’s Haslam College of Business, Tim […]