Getting a commercial lease tied down is a serious business. As real estate cost usually accounts for a substantial chunk of an organisation’s operational expenses – second-largest expenditure after payroll - the signing of a new lease really should not be left to chance.
Buildings of the future must be designed and customised with the needs of end-users in mind, taking into consideration the environment, health and wellness, as well as social equity.
In a rising office property sector, it will become increasingly challenging for occupiers in the Central Business District to secure attractive rentals. However, there are strategies that occupiers can adopt to make real estate work harder for less cost.
These two cases highlight the value of a valuer, whether in a break-up or “marriage” situation. In both cases, the valuer was jointly appointed by both parties – underlining the trust that they had in the valuer as an independent professional to come up with unbiased opinions.
Sick and tired of the daily grind? Chances are the office environment may have something to do with it. Most people would feel slightly ill if they are cooped up hours on end – day after day - in drab and enclosed work spaces, with poor air quality and harsh fluorescent lighting.
A disconnect may occur between the financial and ground operations, especially for companies with manufacturing facilities in other countries far from their incorporated headquarters.
Managing an office move can be time consuming and stressful, particularly if it does not form part of your main job scope. Perhaps you work for a growing company whose size does not yet justify real estate headcount; or maybe the company you work for has been in their space for so long, that no members of the real estate team have had to organise a relocation.
As the economic outlook turns a shade brighter, small and medium-sized enterprises (SMEs) are increasingly more optimistic about their business prospects. Some firms may be thinking about expansion or acquiring new equipment. At this juncture, it is critical that they have a good handle on the value of their assets, especially when they have manufacturing operations in different locations.
Every once a while, a new technology emerges with promises of widespread and far-reaching impact in the way people live and conduct business. Just as the steam engine helped to power the Industrial Revolution in the 18th century, blockchain technology could disrupt industries and revolutionise the world economy.
Technophobes and luddites out there would have you believe that livelihoods are under siege, taken apart progressively by the rapid advancement of new technologies, such as blockchain for example.
Corporate wellness programmes have come a long way. These days, they are a lot more holistic, leveraging on a wide variety of strategies including innovative use of space, flexible schedules, infusion of greenery and wearable technology to promote health and well-being among employees.
A decade or two ago it may all have sounded like science fiction – a robot for a receptionist, treadmill desks or a circadian lighting system that supports natural human rhythms by mimicking the colour, angle and intensity of sunlight throughout the day.
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