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May 24, 2021

Dangling Carrots And Wielding Sticks: Employers Aim To Accelerate 'Slow Drip' Return To Office

[Webinar] Georgia Institute of Technology & Brasfield & Gorie talk how you can get involved with Life Sciences' hottest emerging market May 27

At Crocker Partners' 11M SF of offices across the Southeast, occupancy has stubbornly hovered around 25% over the past six months. 

But as vaccination rates have risen and restrictions have lifted, its offices are more like 35% filled this month, Managing Partner Angelo Bianco said, a disappointingly low number for this point in the year.

“I would think based on how long the vaccine has been out and where we are, it should be over 50% occupied today,” he said.

Dangling Carrots And Wielding Sticks: Employers Aim To Accelerate 'Slow Drip' Return To Office

Workers have been drifting back into offices since the start of the year, but companies have been reluctant to call them back full time for a host of reasons, including a shortage of childcare workers and general anxiety over a return to normalcy. While some expect that the trickle will turn into a…

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Retail Rent Collections Surge To Near Pre-Pandemic Levels

One of the embattled retail sector's fundamentals has returned to near pre-pandemic levels, but data shows the resurgence is split along subsector lines. 

Retail Rent Collections Surge To Near Pre-Pandemic Levels

Retail rent collections reached 89.42% in April, a spike compared with 59.73% in April 2020 and a full percentage point increase from March, according to real estate data specialist Datex Property Solutions, Wealth Management reports.That volume of retail rent collections is close to pre-pandemic levels. During January and February…

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WeWork Reports $2.1B Loss In Q1, Including $500M From Settlement With Adam Neumann

WeWork Reports $2.1B Loss In Q1, Including $500M From Settlement With Adam Neumann  

WeWork may be turning over a new leaf as it prepares to go public, but it is still losing prodigious sums of money. The coworking startup-turned-giant lost $2.06B in the first quarter, according to a quarterly earnings report filed by >

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The Innovators: RefineRE

 

Commercial real estate data and analytics firm RefineRE has been offering corporate customers and CRE tenants timely data about space usage and other underlying cost factors since its launch in 2017. 

But when the coronavirus pandemic hit in March 2020, the data analytics firm was stopped in its tracks and left to second-guess the best way forward as CRE faced major upheaval.

Turner and his team quickly pivoted to create new data solutions. Early in the pandemic, the team launched a tool and a dashboard for commercial real estate owners and managers to track the spread of the pandemic and its effect on office users and commercial locations.

As the pandemic wore on and the conversation shifted toward what returning to the office should look like, the team then designed analytic and data tools to help companies determine what space usage model will be most cost-effective for them in the future as more employees push for hybrid and work-from-home office strategies. With RefineRE's solutions, businesses can track how their core, flex and work-from-home strategies are playing out in their real estate in real time by going deep on data about usage — who is using what and why. 

Bisnow discussed Dallas-based RefineRE's quick pandemic-induced shift with the firm's CEO and founder, Ryan Turner.

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