Interesting data on office utilization from Yardi Matrix and the Census Bureau. We can see that office utilization rates are not static or universal. They vary significantly from market to market. The Census Bureau’s American Community Survey (ACS) provides detail about the percentage of the working population that primarily works from home. According to the…
High-quality amenities have become increasingly important to discerning office tenants. Some can significantly impact an office building’s occupancy and get tenants to pay a premium in rent vs. competing, similar buildings. On top of most prospective tenant’s lists are: Outdoor spaces Food service Gyms Direct access to public transportation However, tenants put a further premium…
We are frequently asked by corporate leaders in various industries, “Where should we locate our next facility?” Call center saturation can greatly impact the performance and profitability of a corporation due to employee attrition, wage increases, and labor quality decline. There are constant revisions to our site selection lists based on certain markets getting saturated…
Always interesting to get the perspectives of the leaders in the user community, versus just those of site selection pros. While there are no big surprises here, the regional patterns are interesting. This will shift a bit for 2024, as some saturation will kick in. Stay tuned! 2023 Executive Survey Business Climate Rankings – Top…
A state’s tax climate is a critical component in the site selection process. Below is the Tax Foundation’s State Business Tax Climate Index, which scores and ranks all states based on each major component of a state’s overall tax burden – corporate, individual income, sales, property, and unemployment insurance taxes. While each component is separately…
While criteria for location decisions are unique to a specific project’s needs, the “bedrock” factors tend to be on everyone’s lists. Talent attraction & retention, labor costs, efficiency in shipping goods/products, business environment, infrastructure, real estate costs and availability and economic incentives are the cornerstones of these corporate decisions. While no one state will score…
As CEOs bring workers back to the office, they’re hoping to see in-person interactions that boost collaboration and innovation — but those magic moments don’t always happen. Is it because some employees hired during the pandemic have never experienced office life? Are workers still filling their days with video calls? Or is the office layout…
Looking back at all that has transpired in 2022 gives us a great picture of what 2023 & 2024 will look like for manufacturing site selection. Location criteria are unique to each individual project, but there are standard site selection drivers that typically influence most manufacturing location decisions. Talent availability & costs Shipping & receiving…
Those associated with the industrial real estate industry will attest that the post-COVID-19 industrial real estate boom has been unlike anything they have ever experienced in their career, despite how long they have been in the industry. Over the course of the last 24 months, developers have constructed buildings at a record clip, vacancy has…