The gradual rollback of remote work arrangements, which were put in place as a short-term fix to keep businesses operating during the height of pandemic lockdowns, has now given rise to one of the most contentious issues in the employment arena. To return to the office, or not to return, that is the question. 

Some prominent businesses like Spotify are steadfastly upholding flexible work-from-home policies, stating resoundingly that “remote staff aren’t children.” Other tech giants, however, such as Amazon and iPhone challenger, Nothing, have made U-turns on their previous work-from-home policies, implementing return-to-office policies across the board for all corporate employees. 

Taking their lead from the tech heavyweights, return-to-office (RTO) mandates are now widespread for businesses throughout the United States. And with the new administration declaring an RTO mandate for all federal employees of government offices throughout the country, the tide well and truly seems to be shifting against remote, hybrid, and even flexible work schedules.

Drastic Shift: From Widespread Remote Work to Full RTOs

The prestige and dominant market power of big-name tech brands helps ensure they can continue to attract top talent in droves, regardless of any contentious mandates like a full RTO. This will remain true even despite the attrition of former remote hires who were attracted by the flexible work location policies of a few short years ago. 

Read the rest of this entry »

Thanks to its academic status and thriving innovation scene, Boston is considered one of the top business hubs on the East Coast. In particular, the city and the surrounding areas have become the destination of choice for many startups, not only due to the availability of talent and funding, but also given the quality and diversity of office accommodation options. 

In this article, we offer detailed insights into the cost of renting office space in Boston, district by district. 

Office market trends in Boston

Over the past decade, the Boston office space market has seen fluctuating performance, witnessing shifts in demand and supply. Initially, the growth of the tech and life sciences sectors contributed to the expansion of the office market, with the development of new and modern spaces that could accommodate the requirements of these occupiers. Low vacancy levels translated into increasing asking rates, in particular in areas like East Cambridge and Sommerville, while other tenants were pushed out of the market as they couldn’t always compete with the budget of occupiers like MIT, Novartis, and Google. 

Read the rest of this entry »

Washington DC is one of the largest US office space markets by square footage, which means local businesses are never short of options when it comes to finding a suitable office unit in the nation’s capital. For anyone interested in setting up an office or relocating to the city, we have created an overview of the costs involved in doing so.

The business environment in Washington DC

Washington DC has a thriving business ecosystem boasting excellent tech infrastructure, unparalleled access by road, sea, railway, and air, with three major airports, and office space options that can accommodate anything from large headquarters to micro-enterprises.

In addition, local companies enjoy access to a highly educated workforce, the presence of influential industry players in various industries, and several incentives to lessen the financial impact of running a business in the city.

Read the rest of this entry »

In the intricate world of commercial real estate, few topics can be as consequential—yet often misunderstood—as depreciation. At its core, depreciation represents the gradual wear and tear of a property, reflecting its diminishing value over time. While this concept might seem straightforward, its implications ripple throughout various aspects of the industry, impacting not just the physical bricks and mortar, but the financial sheets and investment calculations of those involved.

For property owners, understanding depreciation is paramount. It influences their annual tax liability and shapes the long-term financial strategy behind their real estate holdings. Investors, on the other hand, often scrutinize depreciation schedules and methods to determine the potential returns of their ventures. As for lessees, while they might not directly deal with depreciation calculations, the underlying factors that cause depreciation can indirectly affect lease terms and rental rates.

This article delves into the nuances of commercial real estate depreciation, dissecting its mechanics and significance, especially within the context of the US market. Our goal is to shed light on this pivotal subject, equipping our readers with the knowledge to make informed decisions, whether they’re exploring new office spaces, considering an investment, or simply seeking to expand their understanding of commercial real estate dynamics in the USA.

Read the rest of this entry »

As one of the world’s leading business locations, New York City attracts office-based businesses with a wide range of requirements and budgets. In this article, we offer an in-depth analysis of the costs associated with renting office space in the Big Apple, so you can make the best decision when establishing your business footprint in the city.

Understanding the factors that influence office space costs

The cost of leasing office space in New York City‘s office market is influenced by a number of factors, including:

– Location: Although Manhattan still tops the list in terms of prestige, other areas fare better for ease of commute, as is the case of Brooklyn, and their popularity is reflected in rising prices when compared to the rest of the New York office space stock. 

Read the rest of this entry »

Commercial real estate costs have been increasing in most US urban markets for a while, which has highlighted the need to be strategic about new office space investments.

For this reason, office-based businesses are rethinking their space allocation after making changes to work models and switching to hybrid or remote work. 

Planning the optimal use of office space is a smart move. Not only can this help reduce costs, but it also ensures employees work in a more pleasant environment that is conducive to productivity and well-being. This means that office space planners are in high demand, however, not every company has the luxury of having an employee that is up-to-date on office space planning guidelines.

In this article, we look at 12 ways in which US businesses can optimize their office space planning. If you are looking to polish up on office space planning basics, then read on to find out more!

Read the rest of this entry »