Amid Rise In Shootings, Retail Landlords Increasingly Look To Evict Problem Tenants

The desks of yore are dying.

For centuries, they were hulking pieces of furniture, a reflection of the needs of their owners to write letters, balance ledgers or intimidate subordinates.

As technology permeated the modern workplace, they were crammed into increasingly shrinking cubicles or cramped open floor plans, stuffed with unread employee handbooks, unused office supplies and forgotten snacks. They were also the mantle on which to place photos of loved ones, bobbleheads and joke calendars.

But after two years going largely unused, the office desks of 2022 are going to look quite different than their predecessors. 

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The search for lab space has become increasingly expensive and competitive, with the challenge of low vacancy rates exacerbated by a river of venture capital money flowing toward startups.

Biotech VC funding hit a record $43.3B last year, according to Newmark’s 2021 year-end analysis, topping 2020’s then-record $29.9B haul. With that funding closely tied to startup expansion and the signing of new leases, a number of newly flush firms are battling for new lab and office space right now.

“Historically, there’s a high correlation around money raised and the need for expansion,” Colliers Director of Research Aaron Jodka said. “Typically, expansion happens six to nine months after a big fundraising round, sometimes sooner depending on the firm.” The type of science each startup focuses on will largely dictate the…

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HOUSTON — In a widely anticipated move, the U.S. moved to ban imported Russian oil Tuesday as part of an effort to further squeeze the country's economy amid its invasion of Ukraine. But energy experts are skeptical the sanctions, coming amid already-soaring prices at the pump, will lead to boom times ahead for commercial real estate, at least in the foreseeable future.

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LONDON — The UK flexible workspace sector is about to face its biggest test yet, as long-postponed defensive mergers, sales and collapses begin to take their toll.

The answer could be forgetting the heavily branded approach pioneered by WeWork, and adopting something much less conspicuous.

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