Practical Facilities Tips, News & Advice.
Despite anxiety over the current war in Iran and economic uncertainty at home, U.S. office demand posted sizable quarterly and annual gains in the first quarter, according to the latest VTS Office Demand Index (VODI) report. The increased growth in Q1 was primarily driven by finance, legal, and technology tenants—with quarterly and annual demand for office […]
Technology companies are strategically optimizing their real estate portfolios to free up capital for artificial intelligence (AI) investments while simultaneously enhancing workplace effectiveness. JLL’s “2025 Technology Spaces Report” explores how technology organizations are using data-driven strategies to balance cost optimization with innovation demands across office and specialized research spaces. “The race to lead in artificial […]
North American tech companies, once the vanguard of workplace innovation, are still catching up to new work patterns. With average peak utilization not exceeding 34% in tech offices, up to $40 million in rent costs are wasted annually on underused space. That’s according to a new report from international design practice Hassell and workplace analytics company Density. The State […]