Tatham Property Solutions
Corporate Real Estate Advisors

Commercial Real Estate News

 

Read the latest in commercial real estate from our ITRA partners around the world.

The concept of having employees share space within an office has been around for decades. In many circles, it was referred to as “hoteling” and it has been popular with consulting firms that often had employees traveling offsite for their work several days each week.

While the Covid-19 pandemic is not over, many companies are focused on the future of their business and office space needs. Some are integrating work from home strategies and downsizing their space requirements. But other businesses are sticking with their past model and will continue to use the same amount of office space, or possibly more, as they did prior to the pandemic.

While all leases are different, there are some things that a space occupier should always consider before signing that next lease.  Our top five are below:

Across the industrial product types, levels of vacant space remain very low. This has allowed landlords to increase rental rates and decrease concessions over the past decade. What does the future hold for industrial space occupiers? It depends on product type.

Before you make the decision to renew or relocation you want to make sure you understand all the options in your current lease. Leases can be complicated, so this would be an ideal time to engage the services of a tenant-only advisor.

The pandemic has permanently changed the way we do business, and as companies slowly bring employees back to the office there are many unanswered questions. Can your current space meet the needs the workforce is demanding in a post-covid world? If you are going to a hybrid work model – how does that affect the amount of space you require?

You may have noticed that many ITRA Global members have post-nominal letters behind their namesbut what do they mean?  

ITRA Global is pleased to announce RealFMG has been selected to be the exclusive member firm representing South Africa. Based in Johannesburg, RealFMG was founded in 1998 and is led by Managing Director Kerry Millar, a founding partner.

The pandemic caused businesses to close their doors around the world and fully utilize technology to keep businesses operational.  Now that vaccines have been created, there is hope for a return to normal working conditions sometime during 2021. But wait, many businesses have already declared they will not be having employees return to an officeever.