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September 20, 2023

Highway Construction Has Held Central Perimeter's Office Market Back

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Office leasing in Atlanta continues to battle the headwinds of an uncertain economic outlook and the struggle to get employees to report to their desks more often, but one submarket is having more trouble than others for a different reason.

Central Perimeter's office buildings have posted some of the worst fundamentals of any Metro Atlanta submarket this year, and the ongoing revamp of the Interstate 285 and Georgia 400 interchange is partly to blame, Regent Partners principal John Bell said at Bisnow’s Central Perimeter event last week.

Highway Construction Has Held Central Perimeter's Office Market Back

"We have suffered a little fatigue from the 285-400 project, and that's hurt — that along with Covid," Bell said during the event, held at the Le Meridien Atlanta Perimeter hotel. "We’re probably the last submarket for companies to bring their employees back, and I think a lot of that’s…

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As Return-To-Office Mandates Threaten To Get Serious, Management Scrabbles For Strategy

As Return-To-Office Mandates Threaten To Get Serious, Management Scrabbles For Strategy  

Employees have heard it before: return-to-office deadlines mandating workers get back to the office this month, another in a long series of inconclusive and muddled moves by management.

But what employees still haven’t heard, years into the pandemic-era shift in working habits, is a quantifiable case for the need to return to the office, or in most cases, concrete plans from CEOs and management. Some analysts suggest firms, stymied by a lack of actionable data to inform working arrangements or real estate planning, are simply ordering people back in “or else” as a means of cleaning house and reducing headcount.

“Companies are trying to get a stake in the ground,” said Rob Sadow, CEO and co-founder of Scoop Technologies, which sells an app focused on hybrid office productivity. “Executives are saying, ‘I'm going to put out a point of view on what we think the right answer is, we're going to make that really clear to the organization.’ Employees can then vote with their feet, and they will stay here or they will leave."

After another  post-Labor Day letdown in terms of office occupancy, Bisnow reached out to a number of firms, including  AT&T, Comcast,  MetaTikTok and Farmers Insurance, that announced return-to-office mandates in early summer that were expected to be followed by employees this…

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CBRE Hit With $375K Penalty For Violating SEC’s Whistleblower Protection Rule

CBRE Hit With $375K Penalty For Violating SEC’s Whistleblower Protection Rule  

The world's largest commercial real estate services company has agreed to pay a $375K penalty to settle charges with the Securities and Exchange Commission over claims the firm breached whistleblower protection rules because of conditions placed on employees’ separation pay. Between 2011 and 2022,  CBRE made employees sign a release…

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