Office-to-residential conversion costs can be 30% lower than new construction: Gensler

Only 25% of the office buildings it assessed for adaptive reuse were deemed suitable for conversion, however, according to the firm’s analysis. 

By Nish Amarnath • Nov. 20, 2023

Matterport partners with Belden on industrial automation, smart building infrastructure

The agreement will help facilities manage their physical environments by improving sustainability and bolstering cost efficiencies across operations, the companies say.

By Joe Burns • Nov. 20, 2023

Explore the Trendline➔

Data Centers

Exponential growth in the data center market is driving the need for more energy-intensive chips, leading operators to seek more power, improved cooling solutions and optimized designs that can boost efficiency and performance. 

By Facilities Dive staff

Tech firms shift from remote to hybrid work: JLL

Tech-enabled spaces and enhanced amenities are priorities for companies with return-to-office mandates, while some firms still see remote-first policies as a talent acquisition tool.

By Joe Burns • Nov. 16, 2023

Envoy adds emergency notifications to combat hybrid work safety concerns

The alerts pull from occupancy data to alert employees based on where they are. The company also introduced data-based attendance insights for proactive space management.

By Joe Burns • Nov. 15, 2023

Boston Logan Airport opens Terminal E after $33M facelift

The renovation, which included exterior insulation, solar power and additional electrification efforts, aimed to improve energy efficiency to exceed Massachusetts energy code standards by at least 20%. 

By Nish Amarnath • Nov. 15, 2023

Why CBRE built an AI playground

The self-service platform aims to help employees leverage generative AI tools without added risk, the commercial real estate services and investment firm said.

By Lindsey Wilkinson • Nov. 15, 2023

BrightGo sweeps up $3M to develop janitorial service management software

The janitorial software company says the money will expedite the development of its centralized dashboard and mobile app integration to help customers manage employees and ease contract payments.

By Joe Burns • Nov. 14, 2023

Facilities management, project management revenues buoy service firms

Increased outsourcing offset sharp declines in leasing, while building technology and hardware providers hung their hats on electrification and automation trends.

By Joe Burns • Nov. 13, 2023

Accurate benchmarking data is critical to building performance standards: ASHRAE panel

Energy audits are important to ensuring buildings comply with standards, speakers said at ASHRAE’s Decarbonization Conference for the Built Environment.

By Joe Burns • Nov. 10, 2023

GSA places 23 properties on the chopping block to “right-size” federal real estate

The U.S. General Services Administration says it plans to reduce its portfolio by 3.5 million square feet and avoid more than $1 billion in costs over the next decade.

By Nish Amarnath • Updated Nov. 10, 2023

Much of North America faces ‘elevated risk’ of blackouts in extreme winter conditions: NERC

Climate change, rising energy demand and natural gas dependence mean “a massive grid disruption is inevitable,” said Mark Spurr, legislative director at the International District Energy Association.

By Robert Walton • Nov. 9, 2023

75% of companies plan to cut office space in 2024, but return-to-office mandates are gaining momentum

Of the organizations surveyed, 82% are concerned about their ability to retain current office space, according to a report from workspace platform provider Robin.

By Nish Amarnath • Nov. 8, 2023

Poppy releases ventilation test kits, partners with Ainsworth

The kits and Poppy’s training and accreditation program aim to help owners and operators monitor air quality and prepare for tighter regulations based on the new ASHRAE standard.

By Joe Burns • Nov. 8, 2023

WeWork declares bankruptcy

FM firms expect minimal market impact as the company seeks to “further rationalize its commercial office lease portfolio.”

By Joe Burns • Nov. 7, 2023

JLL turns Virginia office park buildings into education hub

The real estate services firm partnered with Fairfax County Public Schools to navigate challenges of space expansion and budget constraints. 

By Nish Amarnath • Nov. 7, 2023

Office demand expected to remain stable: VTS

National demand is about half of pre-pandemic levels, where it is likely to remain due to sticky interest rates and work-from-home behaviors.

By Joe Burns • Nov. 6, 2023

JLL Work Dynamics expands margins, offsets leasing declines in Q3

The company said a continued ramp-up of Fortune 100 contracts and the expansion of its Americas property management portfolio softened the impact of dampened leasing volume.

By Joe Burns • Nov. 3, 2023

Halloween is over, but “ghosting” still affects office utilization

A VergeSense report found that 11.3% of booked meeting rooms are unused, leaving collaborative spaces unavailable to other employees. 

By Joe Burns • Nov. 2, 2023

ASHRAE releases new guide on how grid interactivity can accelerate decarbonization

The guide offers best practices and considerations for carbon emissions reduction, energy usage optimization and operational cost savings, the organization says.

By Joe Burns • Nov. 2, 2023

GAO urges OMB to set benchmarks for federal office space utilization

The Government Accountability Office report suggests that the Office of Management and Budget prioritize consistent measures that better align space with future needs.

By Nish Amarnath • Nov. 1, 2023

Cushman & Wakefield’s property, facilities and project management segment remains flat

While services outperformed other business segments in Q3, the company still isn’t “satisfied with the low level of growth,” CEO Michelle MacKay said.

By Joe Burns • Nov. 1, 2023

Higher prices for hard services contracts expected to linger: CBRE

Competition for labor will keep electric, plumbing and HVAC service contract costs elevated compared with those for soft services, the report states.    

By Joe Burns • Oct. 31, 2023

Schneider Electric predicts strong Q4 due to robust demand

A continued focus on electrification, digitization and sustainability projects will bolster market demand for data centers and grid infrastructure, the company says.

By Joe Burns • Oct. 30, 2023

Honeywell Building Technologies continues to grow order volume, expand margins

CFO Greg Lewis said that HBT remains “a bright spot for the business,” with orders growing 20% year over year, despite soft demand for security products and a challenging operating environment.

By Joe Burns • Oct. 27, 2023

Billions in deferred maintenance projects coming to US facilities

A nationwide push to address delayed upkeep on public buildings and infrastructure will create myriad opportunities for contractors, according to a consultant.

By Mary Scott Nabers • Oct. 26, 2023