- CCP Commercial Office Digest
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- CCP Commercial Office Digest
Commercial Office Digest
Callahan Capital Partners is a real estate private equity firm focused exclusively on the origination, acquisition and management of high quality office assets throughout the United States.
Here's a glimpse into what we are reading to shape our view on the evolving office market.
“One of the biggest lies in the world is that people working from home are more productive than people working in the office.”
Sam Zell believes more employees will return to office as companies figure out employees are more productive from the office. Read more here.
“Prices have been taken down across the board no matter what the quality of the buildings is…great buildings will have a usage in the future …and they will trade at reasonable prices.”
JLL’s CEO speaks about the continued importance of office space for companies, and the trend of tenants upgrading their spaces to higher quality buildings. Read more here.
“Workers in the office spend 25% more time in career-development activities than their remote counterparts.”
Bloomberg News explores new research which quantifies career rewards from in-person work including mentorship, and increased promotion rates.
“This office has lots of reasons for being. The first and foremost is it’s a house for employees. It’s a house for people, it’s a house to bring clients to, to bring guests in, it’s a place to do business. It’s the manifestation of the brand in the physical environment.”
JP Morgan discusses the importance of a curated office environment as the company experiments with the use of aromatherapy, circadian lighting, directional audio, and biophilic walls to improve the office experience in their Workplace Lab. Read more here.
Charts We are Talking About
As supply of new office product significantly diminishes, the top office assets of today are likely to stay top performing assets for longer.
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