Silicon Valley's office and R & D sectors has more than 1.9 million square feet (msf) of positive net absorption. Julie Leiker, Cushman & Wakefield's Market Director for Silicon Valley, said "In contrast, despite the strong occupancy effort in the R&D sector during the third quarter, the negative hangover felt from the first two quarters still leaves year-to-date R&D net absorption at negative 203,000 sf, although it is trending in the stronger direction,"
Are Green Building Certifications rising?
According to the inaugural International Green Building Adoption Index (IGBAI) - a study by CBRE and Maastricht University (Netherlands) -- major metropolitan office markets across the globe are seeing a significant increase in the adoption of "green" building certification programs. The study reports that 18.6 percent of space in 10 markets across Australia, Canada and Europe is now certified "green" versus just 6.4 percent in 2007.
Over the recent years, Coworking Spaces have become the latest trends in the business industry. It is partly fuelled by the growing number of Startups. Here we present some benefits of coworking today.
According to the study of the consultancy firm Cushman & Wakefield London’s West End is the world’s most expensive office market for the third consecutive year. To rent one metre squared of office space here costs over EUR 2,300 annually. Hong Kong came second place (EUR 1,636 sq m/annually) followed by New York third (EUR 1,162 sq m/annually).
Building D in the business complex BB Centrum in Prague 4-Michle finally landed its first tenants: two sports-focused retailers, GolfProfi and RunExpert. Both shops will open in March.
Total modern office stock in Prague decreased by the end of the first quarter of 2014 and stood at 2.9 mln sqm with class ‘A’ properties accounting for app. 72 pct of the stock, according to the Prague Research Forum.
FIVE! Smíchov Offices intends to stand out from the gray and uniform office projects and provide the tenants a modern and creatively conceived environment in which they will feel comfortable.
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