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Entries Tagged as 'Office Space'

Stock Market Confidence Up for Improving US Office Market Recovery

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The Royal Bank of Scotland (RBS) has upgraded Regus, the worlds largest provider of executive office suites, to a buy, from hold, as it believes earnings can surpass a previous peak.

RBS analysts  believe that the company is a good play on the continuing US economic recovery and continued emerging market growth.

With confidence in US small to medium sized businesses improving, RBS says that this is good news for Regus, which derived 42% of its 2010 first half revenues for North America.

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RGU Stock Information

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Executive Suites , Flexible Workspace , Office Space , Office Vacancy Rate

Report: US Office Markets Improving

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According to CB Richard Ellis' December 2010 Global Market View the 4th Quarter saw that the global markets are improving, but have quite a way to go before they become healthy.

From the report: "American office markets continue to lag those of Europe and Asia Pacific, but in Washington, D.C., net absorption reached 3.9 million sq. ft. year to date, the first time demand has outpaced supply in multi-tenant buildings in the region since 2007. Vacancy declined almost 200 basis points during the past six months in Washington, D.C., to 10.3%, which is the largest decline of any U.S. office market. Asking rents increased by 1.8% during the quarter and are expected to remain at current levels or increase slightly during the next six to 12 months in the city."

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Washinton DC Office Market Information

Office Space , Washington DC Office Space

Office Workers Feeling the Squeeze...Literally

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The office space allocated to both executives and the average American office worker has been shrinking. Office workers are literally feeling the squeeze of their reduced workspaces. In 1994 the average office worker was allocate 90 square feet of useable space. In 2010 the figure shrunk to a measly 75 square feet, a 17% reduction. Mid level executives have seen there space allocation go from 115 square feet to 96 square feet. Sounds pretty tight, doesn't it? On the bright side, new technologies and a more mobile workforce allow office workers to spend less time working in their cramped areas and more time outside of their workspaces.

Intel has even reduced the average size per worker even further, using desk sharing and team rooms. The intent is to promote innovation through closer contact with team members. Employees who used to work in a 72 square foot space now work in a cozier 48 square foot station.

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The incredible shrinking American office cubicle

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Flexible Workspace , Office Space , Office Space Design

10 Tips for Employee Office Satisfaction

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INC.com's 10 Tips for Making Employees Love Their Office:

  1. Stay Organized
  2. Make it Comfortable
  3. Give Everyone a Say
  4. Consider Openness
  5. Make the Workplace a Community
  6. Focus on Utility
  7. Make the Office Optional
  8. Make Education a Priority
  9. Consider Mixing Uses in a Great Space
  10. Add Some Perks

See the details at INC.com

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Office Space , Office Space Design

Bankers Think CRE Showing Recovery Signs

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According to a recent CoStar Blog post "Banks reported that commercial real estate markets displayed mixed results - still mostly negative - but that leasing markets and investment exhibited increasing signs of recovery, while nonresidential construction remained weak."

This doesn't mean that a full recovery is near, but any signs of improvement are good.

"We expect that the worst of the commercial credit cycle is behind us but we expect a few more quarters of uncertainty and choppiness in commercial charge-offs and non-performers."
Richard D. Fairbank, founder, chairman, and CEO, Capital One Financial Corp.

Via: OfficeTimes Blog

Buying Office Space , Office Space , Office Vacancy Rate