Industrial building construction costs up 68% in 2 years

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Industrial building construction costs up 68% in 2 years
France Dernières Nouvelles,France Actualités
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A look ahead at commercial real estate trends shows us office work is evolving to a new ‘clubhouse’ format.

Occasionally it’s good to purge my inbox and my mind. After a week in the place of my birth – Texarkana, Arkansas – there’s much to unpack, literally and figuratively.The outpouring of love and kindness resulting from my column last week — 6 Lessons my mom taught me about commercial real estate — was amazing! Thank you to each of you who took the time to read the column and send me a note.

I found particular value in Jaclyn’s description of the state of office leasing — given the uncertainty that mires long-term space decisions. But three applications were unveiled in her talk which I found interesting.Firms such as Goldman Sachs have adopted the attitude: You’ll come to an office to ply your trade or you won’t. But if you don’t, look for employment elsewhere. Many of the content creators — Apple, Amazon, Facebook, Zoom and DropBox — eschew the work-anywhere mantra.

Perhaps these are old themes, certainly since 2020. But, “home first” and hybrids realize that culture, employee attraction and retention, mentorship and training all ebb as time away flows. Michael DiBernardo answered a burning question I posed in this space a couple of months hence. Why are there Christmas decorations in Lowe’s in September?

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