News and Insights
As the Commercial Market Falls Apart, These Three Assets Could Be Your Next Big Opportunity
Offices across the country are still sitting empty. The nationwide office vacancy rate reached a high of about 20% in the first quarter of 2023, according to JLL, and while big tech companies are pressuring workers to return to the office, the hybrid work model has led to an increase in commercial office delinquencies. According to Trepp, a real estate analytics firm, the office delinquency rate surged 125 basis points in May to over 4%.
Amenities Becoming a Key Element to Healthcare Facilities
Boosting amenities offerings are being given strong consideration for healthcare facilities as a way to create a more positive experience for the patient, leading them to be more likely to choose that provider thereafter, according to a new report from JLL.
Building Activation: Four Tactics for Success
Healthcare construction projects — whether it is building a new facility from the ground up or renovating an existing property — are notoriously complicated. And construction is only the first step. Once the project has reached the point of substantial completion, it is time to start planning for building activation.
PMA Welcomes Eric Hoffman | People on the Move
Eric Hoffman joins PMA’s Chicago office with a focus on leading large-scale real estate, design, construction and facilities operations projects in the healthcare space.
Danny O’Shea | People on The Move
Danny O’Shea joins PMA as a San Francisco-based senior real estate executive with more than 35 years of experience in the development, design and construction of large, complex projects.
Office-to-Life Science Conversions: High Demand, Lower Cost, Faster Deliver
Given a marked flight-to-quality and declining demand for office space overall, older office assets are increasingly being converted to other uses. And of the 125 office conversion projects currently underway,...
Making the Streets Come Alive
Apartment mixed-use community demand and innovation draw in and expand their neighborhoods. Mixed-use apartment communities no longer are just a few stories of apartments, a coffee shop and maybe a...
PMA’s Allison Owens Named as one CRE’s Women of Influence, Class of 2023
https://www.globest.com/2023/05/01/cres-women-of-influence-class-of-2023/
The Real Estate Quarterly – Difficulty Leasing
The office market continued to be choppy in Los Angeles during the first quarter as employers wrestled with getting employees back to the office and grappled with how to make the best use of their space.
Rising Office Fit-Out Costs Are Leaving Some Projects on ‘Shaky Ground’
Roger McCarron, president & CEO, Project Management Advisors, tells GlobeSt.com that many companies have been standing still on their real estate footprint since before 2019, only making decisions when their leases force them to do so.
Real Estate, The Secret Weapon to Winning the Streaming Wars
Streaming companies are facing the most challenging battle yet in the ongoing war over subscribers and content. Last year, the biggest platforms (including Netflix, Disney+ and HBO) lost viewers, billions...
