Gravel2Gavel Construction & Real Estate Law Blog
Amenity-rich buildings become a key focus in enticing employees back into the office, supply chain links are strained by a lack of storage capacity in warehouses and port areas, green lease signings are on the uptick, and more.
- In an effort to draw employees back into the office and retain talent in a tight labor market, businesses are spending more than ever on upscale workspaces, paying high rents for modern, amenity-rich buildings. (Peter Grant, The Wall Street Journal)
- As sustainability and ESG factors become increasingly important, net-zero carbon commitments are emerging as the next big “must-have” for commercial real estate owners, as more than 100 businesses and organizations have signed on to the World Green Building Council’s Net Zero Carbon Buildings Commitment, which seeks to decarbonize the buildings sector by 2050 and get halfway there by 2030. (Elsa Wenzel, GreenBiz)
- Rebounding consumer demand has led to record imports through US ports on both coasts, but this has strained supply chain links as nationwide industrial vacancy rates hit historic lows. (Obey Manayiti & Andrew Edgecliffe-Johnson, Financial Times)
- Green leases, a standard form lease with additional clauses that call for the improvement of the building’s environmental performance by both owner and occupier(s), grow in popularity as the decarbonization drive in real estate continues. (Paul Bergeron, Globe St)
- Repurposing bygone suburban real estate for mixed-use purposes, including office space and retail, is becoming increasingly popular around the US due to the high number of remote workers. (Rani Molla, Recode)