BAM'S Landscaping’s Post

Without talent, there is no business. 🛑 In our latest guest blog, Spanish tenant representation firm The Tenant Solution discuss the importance of creating spaces that employees love to occupy – something that can boost staff retention, welfare and productivity. Click the link below to read the full blog: https://lnkd.in/e-TAWuv5 #Agilite #TheTenantSolution #ESG #Productivity #Office #OfficeDesign 

This article explains the differences between these #housekeeping terms. #homeprojects

Great article by Holly Dutton with Propmodo - which also happens to validate our stance: The #office market is shifting significantly (& will continue to shift for the foreseeable future) in favor of #tenants. #Concessions (#freerent, allowances, etc.) are growing at a steady pace. While some could view this as concerning (& yes - a healthy #CRE market is vital to our broader economy), the current conditions present tremendous opportunities for end-users to #negotiate favorable rent terms. Exercise caution though, as this is just the front edge of the cycle. Significantly better #rent structures are yet to come (i.e. patience will be rewarded). Unfortunately, we've seen many companies (working w/ others) sign long-term #leases without realizing the benefits of the moment. Depending on the circumstances, in many cases it's still advisable to sign a short-term extension, as again, this is just the beginning of a massive reset. #corporaterealestate #tenantrepresentation #tenantadvisor #workplacesolutions #workplacestrategy #workplacedesign #officespace #tenantrep #incentives #officeincentives

Since Ashlyn Campbell moved to Montgomery County and MoCo360 | Publishers of Bethesda Magazine earlier this month, I’ve had an interest in learning about that office market - what’s working or not working to decrease vacancy, and how might we apply some of those concepts here? Perhaps something like their newly revamped and approved Make Office Vacancy Extinct (MOVE) Grant Program could help. “The program….aims to eliminate the county’s office vacancy rate by providing a financial incentive to encourage businesses to rent or expand.” Although our office vacancy isn’t super high in Hampton Roads, we are seeing a shift from landlords taking on most tenant upfit costs like they had done in the past, and asking that tenants contribute more. And tenants either don’t have the capital, or don’t want to sink their money into a building they don’t own. So this type of program could be a win-win, especially for specific submarkets like downtown Norfolk. But may be more effective if it’s developed based on the regional approach we’ve been trying to get to. I’ll link the article in the comments.

Soaking up the space like a sponge In the wild, untamed jungles of Baton Rouge's office market, where the beasts of healthcare, real estate, and the ever-watchful eyes of government and finance prowl, something remarkable is happening. As of the second quarter, the vacancy and availability rates are sneaking around at a svelte 6.2% and 6.0%, respectively. That's right, folks, we're running at half the national average, making Baton Rouge look like the office space equivalent of an overachiever who also happens to be good at sports. Dive deeper into the concrete jungle, and you'll find the single-tenant office buildings playing hard to get, with vacancy and availability rates doing their best limbo dance under 2%. It's near historic lows, folks. If these buildings were any more occupied, you'd start to suspect they were throwing secret parties behind those closed, highly utilized doors. But hold your horses—or should we say, your gators, this being Louisiana and all—because it's not all Mardi Gras and jazz in the Baton Rouge office market. Despite its cushy base of demand, courtesy of being the big cheese, the state capital, this market faces its own version of an action movie dilemma. The private sector's sitting this dance out, leaving our hero, Baton Rouge, to hustle hard to keep the lights on. Enter the unlikely saviors, the "eds and meds" sector, swooping in like the cavalry in those old Westerns. They're here to prop up the market, filling the void left by the professional/business services and financial activities sectors, who apparently didn't get the memo about the party. So there you have it, a tale of resilience, unexpected heroes, and a real estate market that's somehow both thriving and striving in the face of adversity. Baton Rouge's office market: where the vacancy rates are low, the challenges high, and the spirit of the city is as indomitable as ever. Let the good times roll, or as they say down in the bayou, laissez les bons temps rouler! Look at the CoStar 12-month net absorption graph. Impressive.

As employers continue to figure out the best #RTO policies, office space needs are shifting. Do you have (or need) any of these tenant must-haves? ⬇️ #CommercialRealEstate #officespace #tenants #returntooffice

As employers continue to figure out the best #RTO policies, office space needs are shifting. Do you have (or need) any of these tenant must-haves? ⬇️ #CommercialRealEstate #officespace #tenants #returntooffice

The experts say: Michael Loftin at JLL explains the challenges to the office market. NAIOP Northeast Florida #officemarket #occupancy #vacancy #businessnews #readitherefirst #subscribe

Have you got a cabin in your garden? Are you thinking of using it as a home office? Will you and your family also use it for private purposes? Will it be more tax efficient for you or your company to pay for it? Your company may provide you with assets such as a computer (or a garden office!) for the purpose of working from home. It will not be a taxable benefit if there is minimal private use, however, if there is significant private use, it will be a taxable benefit. But what will the taxable amount be? Well, this depends on 2 factors; the cost of providing the asset and any additional expenses (maintenance etc). For example, you have a garden office which costs £25,000 to install. The taxable benefit is 20% a year, so £5,000 each year. If it is used for 15 years (15 x £5,000) you will be taxed on £75,000! Your company may also be paying Class 1A NI on the same amount, so if you are a higher rate taxpayer for the 15 years (and assuming tax/NI rates stay the same!) the tax and NI cost would be £40,350 ((£75,000 x 40%) + (£75,000 x 13.8%)). But remember, if the garden office was rented or leased, the taxable benefit will not be 20% of its cost but the amount of rent paid. It doesn’t matter how many days you use it- this will not reduce the taxable benefit! Rather than make an asset (garden office) available to a director or employee for long-term use, the NI cost can be reduced if a dividend is paid. Therefore, it would be more tax and NI-efficient to pay a dividend to enable the purchase!

I don't know how I feel about this. Certainly, peoples safety and wellfare is of paramount importance - if you're not safe, you're not doing anything much but thinking about safety. On the other hand, the best part of working downtown for most people is, well, being downtown - and benefiting from the restaurants, architecture, and overall vibrancy of The City. Why have an office in a downtown if you don't get the benefit of experiencing downtown? Public safety is a clear component to creating vibrant downtowns. Should these trends continue, we expect the trend of companies to relocate their workspaces out of downtowns and into suburbs to continue at an increased rate. https://lnkd.in/d3wwZk3r