Library reading room with three levels of bookcases.

#OfficeToday
Llyfrgell Genedlaethol Cymru
The National Library of Wales
- a cathedral to Welsh literature, language & culture.
#histenv #historyofscience #Wales #Aberystwyth

Blackstone Expands Office Investments Amid Mixed Market Signals The company does recognize problems in its current office portfolio.

Very surprised to see that Blackstone is aggressively investing in office debt. Too risky for my taste! But possibly one of the only places to achieve higher returns if you have the appetite for the risk.

#RosenfeldRealtyAdvisors #CommercialRealEstate #FL #OfficeToday #HumpDayTomorrow

DOGE Ends Hundreds of Federal Leases by June Some agencies are appealing to DOGE to exempt specific buildings.

Here is a DOGE office downsizing update. Interesting info here, their goal is to terminate 800 leases which would save $500 million dollars.

#RosenfeldRealtyAdvisors #CommercialRealEstate #FL #OfficeToday #HumpDayTomorrow

View of main reading room and desk with diagram partly visible

#OfficeToday
Llyfrgell Genedlaethol Cymru
National Library of #Wales
#Aberystwyth

Looking at some of the earliest #freshwater #ecology studies at #University College of #Wales
#envhist #womeninscience
#historyofscience

"The Freshwater Biological Association of the British #Empire"

#officetoday @nationalarchives.gov.uk.web.brid.gy

A fascinating day ahead exploring links between #freshwater #ecology and UK colonial history #historyofscience #envhist

DWS Sells Two Fort Lauderdale Office Properties for $428M But the German asset manager nabbed little gain.

Locally a couple of office properties in Downtown Ft. Lauderdale sold for the first time in almost 10 years for almost no appreciation.
#RosenfeldRealtyAdvisors #CommercialRealEstate #FL #HappyMonYAY #OfficeToday

CRE Owners See Insurance Costs Spike 200% Insurance costs have shot up for certain CRE properties, with some owners seeing costs double as a percentage of revenue since 2018.

At the same time prices continue to rise with inflation, especially commercial property insurance. In some cases commercial property owners are being faced with 200% increases.
#RosenfeldRealtyAdvisors #CommercialRealEstate #FL #HappyMonYAY #OfficeToday

Office Woes Deepen as Prices Plunge 11% Amid Rising Distressed Sales Over a third of known office sales were at a discount in 2024, up from 2023.

I hate to say I told you so but those who bet that we have hit bottom were wrong. Office prices just dropped another 11% and more distressed properties are coming to the market.
#RosenfeldRealtyAdvisors #CommercialRealEstate #FL #HappyMonYAY #OfficeToday

DOGE Lease Terminations Top 2.3M Square Feet Savings of about $145 million are attributed to real estate cost-cutting.

Happy MonYAY!! Back to office today! Here is a quick update on the U.S. Government lease terminations. They are up to 2.3 million square feet and counting, saving $145 million dollars.
#RosenfeldRealtyAdvisors #CommercialRealEstate #FL #HappyMonYAY #OfficeToday

Office Space Demand May Not Recover for Decades, McKinsey Predicts McKinsey revisited its predictions about the office market from eighteen months ago.

A very grim office forecast from elite consulting firm McKinsey. Looks like things might not change for the better until 2030, and that is a maybe.
#RosenfeldRealtyAdvisors #CommercialRealEstate #FL #ItsAlmostFriYAY #OfficeToday #FriYAYTomorrow

Coffee Badging Is The New Workplace Trend Where Employees Go In To Grab A Coffee, Say Hi and Avoid A Full Day At The Office A relatively new buzzword is making the rounds in workplaces: coffee badging. This trend is reshaping how people engage with office culture and if you're a hybrid worker, you might be part of this mov...

This is pretty funny, for comm'l real estate humor. Have you ever heard the term coffee badging? It is when employees show up in the morning, have coffee & make themselves seen and then go home to work!
#RosenfeldRealtyAdvisors #CommercialRealEstate #FL #ItsAlmostFriYAY #OfficeToday #FriYAYTomorrow

Amazon’s RTO Policy is Driving Foot Traffic Up in Seattle Downtown Seattle recorded the second-highest daily average for foot traffic since March 2020.

Ironically one thing that happens when you force employees back to the office is that the retailers in the surrounding area benefit tremendously.
#RosenfeldRealtyAdvisors #CommercialRealEstate #FL #ItsAlmostFriYAY #OfficeToday #FriYAYTomorrow

Leasing Surge Points to Life Science Rebound in Bay Area Leasing activity doubles, led by large deals in Peninsula submarket.

Even the life sciences sector, which was slumping badly, is having a robust leasing comeback in San Francisco.
#RosenfeldRealtyAdvisors #CommercialRealEstate #FL #OfficeToday #HumpDayTomorrow #LeasingEnFuego #LifeSciencesToo

NYC Office Demand Surpasses Pre-Pandemic Levels with 25.3% Growth Businesses appear more willing to invest in office space despite economic uncertainty.

Office leasing has been on fire across the U.S., especially in New York. Not only have they finally surpassed pre-pandemic levels, they are now 25.3% above them.
#RosenfeldRealtyAdvisors #CommercialRealEstate #FL #OfficeToday #HumpDayTomorrow #LeasingEnFuego

Rate Of Office Owners Behind On CMBS Mortgages Reaches All-Time High More than 1 in 10 U.S. office properties backed by CMBS loans are considered delinquent.

Unfortunately the higher interest rates have exacerbated the real office issue, low rate expiring mortgages, that are about half of what the current rates are. It has led to a record amount of delinquency rates from property owners.
#RosenfeldRealtyAdvisors #CommercialRealEstate #FL #OfficeToday

JPMorgan Planning to Bring Staff to Office Five Days a Week JPMorgan Chase & Co. is preparing to tell all its employees to return to the office five days a week, ending a hybrid-work option for thousands of staff and returning to the attendance policy that...

JP Morgan joins the list of large employers ending hybrid work and demanding employees be in the office 5 days per week.
#RosenfeldRealtyAdvisors #CommercialRealEstate #FL #OfficeToday #MiamiHeatTonight

Manhattan Office Leasing Volume Nears Pre-Pandemic Levels During the fourth quarter, the market leased 10.7 million square feet of office space.

Today we go back to office! Manhattan has finally gotten back to pre-pandemic levels of leasing after a torrid 4th quarter.
#RosenfeldRealtyAdvisors #CommercialRealEstate #FL #OfficeToday #HeatTonight

Savills: US Office Market Sees Post-Pandemic Record Levels of Leasing Activity LONDON — The U.S. office market is in need of time and sustained levels of leasing activity to overcome the robust amount of space given back since the COVID-19 pandemic, concludes Savills’ third-quar...

It is all due to leasing, which had an excellent 3rd quarter. Also the mandated returns to the office are definitely helping the market.

#RosenfeldRealtyAdvisors #CommercialRealEstate #FL #OfficeToday #TomorrowFriYAY