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What is the Difference Between Flexible Space Models and Traditional Office Leasing?
Market forces — such as workplace design, demographics and urbanization, capital flow and technology — are driving the growth of flexible space.
Since the third quarter (Q3) 2018, 64.7% of all net absorption in the United States is attributable to flexible space, and this trend is expected to continue. Today flexible space represents approximately 5% of all U.S. office inventory, and commercial real estate firm Jones Lang LaSalle Inc. (JLL) expects this percentage to grow to 30% by 2030. The average annual growth rate of flexible space in the United States since 2010 has been 23%, while the growth of the U.S. tenant base has only been 1%.
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New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.