Remove Leases Remove Office Remove Union
article thumbnail

Commercial Construction Highs and Lows of 2011

HardHatChat

We saw drawings for new Chicago restaurant projects, retail construction work, office renovations, school construction and learning center additions – you name it, we saw it. The bad news in this scenario is that landlords are now getting less rent due to a smaller leased space. HIGH – Everyone was submitting drawings in 2011.

article thumbnail

6 Commercial Construction Trends: A Biz Dev Perspective

HardHatChat

This trend is popular in furniture, automotive, and tech sectors.Remodels often include improved signage, intuitive layouts, and user-centered design elements that enhance the visitor experience, particularly in large or complex commercial spaces like hospitals, malls, and office complexes. Adaptive reuse is another popular trend.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Secret Formula—Office Vacancy Rates—Prompts Roger Staubach To Bet On The Broncos

Buisness Facilities Contributed Content

According to the firm’s analysis of the last 13 season finale games, teams based in cities with the higher office vacancy rate (i.e. more space available for lease) have won the Lombardi Trophy 62 percent of the time, including last February when Baltimore (15.5 percent vacancy) edged San Francisco (11.8 percent vacancy). .”

Denver 53
article thumbnail

The benefits and drawbacks of mixed-use development

The Korte Company

That’s aided by the longer-term leases developers can secure from commercial tenants. The Korte Company’s showcase mixed-use development experience includes: The District offices and shops in Henderson, Nevada. Billed as the District Metropolitan lifestyle center, offices, shops and restaurants are located around a public commons.

Finance 81
article thumbnail

Innovation Is Thriving In Arizona

Business Facilities

After leasing the U.S. Furthermore, Arizona is a right-to-work state with a very low unionization rate, one of the lowest unemployment insurance tax rates in the nation, and workers compensations rates that are much lower than the national average. Build to suit retail/restaurant pads and Class A office development opportunities.

Arizona 76
article thumbnail

COVER STORY: 2013 Business Facilities Rankings Report – Metro And Global Rankings

Buisness Facilities Contributed Content

Inspired by New Urbanism design principles, the complex will include an office building that will house the new IBM Services Center, as well as a separate, 11-story residential building with 95 river-view apartments and nine separate town homes. million office building will be funded by the State of Louisiana ($14.8

Metro 110
article thumbnail

How efficient, collaborative construction boosts speed to market

The Korte Company

Those that lease existing spaces often time construction to coincide with the expiration of a lease agreement. If the project is finished early, leaders must decide whether canceling that lease (and incurring a penalty) to get into the new space makes more fiscal sense than continued occupation of leased property.