Perdue Office Interiors’ Post

Commercial #RealEstate is "at a turning point," with $1 trillion of investment needed to revitalize #OfficeSpace at risk of obsolescence, finds a new JLL report. 😮 #facilitiesmanagement #facilitymanagement #cre #realestate #office #design #buildings #sustainability

Imagine you are looking to customize your manufacturing plant with an office space and trying to incorporate a growing team. Now, it might be hard for you to predict how many workstations might be required and building walls every few months is not exactly practical or feasible. In such cases, modular walls allow you a lot of flexibility. Read more about our modular wall systems in our blog.

An interesting article by Kayla Carmicheal in Bisnow highlighting some recent CBRE & JLL research showing the concentration of office leasing activity in prime office buildings, representing about 8% of the US commercial office market. Some statistics that jumped out to me: - Prime buildings now command a 84%!! lease premium over other buildings - These 8% of buildings have had a net absorption of 48M SF since 2020, compared to negative absorption of 192M SF in the remaining market. - Prime buildings have a 4.9% lower vacancy rate - Buildings built since 2014 have a positive absorption rate, while buildings built prior have a negative absorption rate of 420M SF. The big takeaway for me wasn't new, but was affirming - high quality buildings in dynamic neighborhoods matter, and they will always matter. And there is a significant portion of the commercial office stock that is quickly becoming (or arguably has already become) functionally obsolete. What architects, planners, engineers, building owners, and policy makers do to reimagine these buildings/site will be the fruitful ground for creativity and innovation for many years to come! https://lnkd.in/gHJyRbFV #commercialoffice #architecture #design #cities

Excellent article Holly Dutton! In an uncertain world, modular wall systems, like Låda Cube, which are the largest growing category of construction, are the best investment for tenant space improvements. Companies such as CBRE, Cushman & Wakefield, Colliers, Newmark, Marcus & Millichap, etc. would greatly benefit from using modular wall systems and the circular nature of these products. "Movable walls are a good match for tenants in a time when flex space is a key part of workplace strategy, and today’s offerings seemingly feature walls for every kind of tenant." https://lnkd.in/gKUYcwsr

When deciding between a single-level or double-level office building for your commercial business, several factors must be considered. It's essential to carefully evaluate spatial requirements, workflow, and long-term growth projections to determine the most suitable design for your next build. We delve into some key things to consider when deciding what office design is best for your next commercial building in this article. Read more here › https://bit.ly/4aV1KT7 #singleleveloffice #doubleleveloffice #commercialofficebuildings #officebuildings #designandbuild #officebuildingdesign

Innovative Design and Smart Solutions in Updated Office Buildings. One detail that stood out to me recently was the innovative design of an updated office building I visited “Harborside 1”. While attending the The Jersey City Summit by roundtable&advisory at the 601W Companies building, I noticed an all-in-one wash bar by Bradley Australia which includes soap, wash, and dry functions. This smart solution prevents water from being dragged across the floor, enhancing both safety and efficiency. This experience got me thinking about the importance of thoughtful design in commercial properties. Whether it’s an innovative wash bar or a well-planned layout, these details can significantly impact the user experience and operational efficiency. Constantly updating office buildings with smart and safe solutions is crucial for maintaining high standards and attracting tenants. Having a background in construction gives me a unique perspective as a broker. I understand buildings from the inside out, which allows me to see beyond the surface and appreciate the intricacies of design and functionality. This knowledge not only helps me identify the best properties for my clients but also adds value in discussions about property improvements and potential. Stay tuned for more insights on building and construction. If you’re interested in multifamily, office, and development sites, let’s connect! The Eider Group at Marcus & Millichap #RealEstate #InnovativeDesign #Construction #CRE #SmartSolutions #BuildingInsights #EiderExpertise #BuilderBrokerInsights #ConstructionToCRE #FromBlueprintsToBuildings #DetailedCREInsights #BuildingToBrokerage #buildertobroker

Core & Shell vs. Turnkey: Navigating Commercial Real Estate Development Choosing between Core & Shell and Turnkey approaches in commercial real estate development is a significant decision that impacts cost, flexibility, and completion time. Understanding the nuances of each approach can help developers and tenants make informed choices that align with their goals and needs. A. Core & Shell: Core & Shell construction involves building the basic structural elements and exterior envelope of a building, leaving the interior spaces unfinished for future tenants to customize. 1. Flexibility: Offers tenants the freedom to design and fit out the interior according to their specific needs and preferences. 2. Cost Efficiency: Can be more cost-effective for developers as it reduces the initial construction costs. 3. Timeline: Typically faster to complete as it focuses on the essential structural components. Targeted Segments: 1. Retail Spaces: Ideal for retailers who want to create a unique brand experience. 2. Office Buildings: Suitable for businesses that require customized office layouts and finishes. 3. Industrial Properties: Works well for warehouses and manufacturing facilities needing specific interior configurations. B. Turnkey: Turnkey projects are fully completed buildings ready for immediate occupancy, including all interior finishes, fixtures, and furnishings. 1. Convenience: Provides a hassle-free solution for tenants who want to move in without the need for additional construction or customization. 2. Higher Initial Cost: Generally more expensive due to the comprehensive nature of the build-out. 3. Timeframe: Can take longer to complete as it involves finishing all interior details and installations. Targeted Segments: 1. Healthcare Facilities: Ideal for medical centers and clinics needing ready-to-use spaces. 2. Hospitality Industry: Perfect for hotels and serviced apartments requiring fully furnished units. 3. Corporate Offices: Suitable for companies looking for quick relocation without the hassle of fit-out. Key Differences: 1. Customization: Core & Shell offers more flexibility for customization, while Turnkey provides a ready-to-use solution. 2. Cost: Core & Shell is usually more cost-effective initially, but Turnkey can save tenants time and effort. 3. Completion Time: Core & Shell projects can be completed faster, whereas Turnkey projects take longer due to the detailed interior work. Both Core & Shell and Turnkey approaches have their unique advantages and are suited to different types of commercial real estate projects. Understanding the specific needs and goals of the development can help determine the best approach, ensuring successful outcomes. #CommercialRealEstate #CoreAndShell #TurnkeyProjects #RealEstateDevelopment #PropertyManagement #Construction

Industry leader in office design enhancement @Apoprojekt offers insights into future workplaces, including a push towards #CarbonNeutral buildings, with an emphasis on renovating existing structures, making Diffusion's Highline 235 Modular Fan Coils ideal. Modular fan coil design is particularly important to buildings with a change of use as they can be reconfigured on-site to align with a building’s new purpose resulting in substantial sustainability benefits. The modular design avoids the need to buy entirely new fan coil units eliminating the need to discard existing ones, this approach significantly minimises capital cost, on-site disruption and waste. Instead, the Diffusion modular design enables fan coils to be reused, reducing a building’s overall embodied energy. https://lnkd.in/eMSwMczC #Highline235 #FanCoilUnits #RefurbishmentProject

Key Considerations for a Successful Office-to-Residential Conversion 🏢➡️🏡 As demand for residential spaces rises, converting office buildings has become an attractive option for property owners. But how can you ensure your conversion is a success? In our latest article, we break down: • What systems to retain or replace to balance cost and compliance • How to design tenant-friendly spaces that appeal to the modern renter • The financial implications and strategies for maximizing your investment Don't let your building's potential go untapped—explore the critical steps needed to navigate a seamless office-to-residential conversion. Read the full article to unlock the blueprint for success: https://lnkd.in/dVTjUHwj