As an emerging growth business, achieving the proper real estate solution can be a challenge. It’s important to consider the needs of your company, your project budget and real estate overhead projections, and longer-term plans. Four items to evaluate when making your next real estate decision: 1. Term Flexibility. How will your real estate choice... The post Real Estate Strategies for Emerging Growth Companies appeared first on Tactix Real Estate Advisors ..read more

Vacancy in Center City is now above 16% (up from about 10% pre-pandemic). Sublet space offerings are over 1M SF which is more than triple pre-pandemic numbers. And yet, “market” rental rates have remained relatively flat at about $34.50/sf. How can that be? Is it because rents, like gas prices, just go up quickly but... The post Vacancy in Center City appeared first on Tactix Real Estate Advisors ..read more

Perhaps no topic today is receiving greater attention in executive suites than the Great Resignation and the battle to retain and attract talent.  As workers continue to leave their jobs in record numbers and study after study is showing job satisfaction among current employees at an all-time low, corporate executives are struggling to understand what... The post The Great Resignation Was Inevitable appeared first on Tactix Real Estate Advisors ..read more

For the past year 18 months we have been bombarded with surveys and articles telling us that employees like their new remote work arrangements and want them to remain after the pandemic.  As a result, companies are bending over backyards to institutionalize more flexible work polices to remain competitive in a very tight labor market.... The post Remote vs In-Office Work Policies (Pick wisely) appeared first on Tactix Real Estate Advisors ..read more

Many landlords are scrambling to fill their current office vacancies before a mounting and sustained wave of excess space starts to come back to them in the coming months and years.  This mad dash by landlords trying to get ahead of the curve is providing area tenants with opportunities to strike deals on their office... The post It’s a Good Time to Be a Tenant appeared first on Tactix Real Estate Advisors ..read more

A lot has been written over the past two months about the new work from home paradigm. The realization that much of the work we do can be done from anywhere has major ramifications for both office space demand and corporate culture.  This may only be the tip of the iceberg, however. Now that we ..read more

Historically, demand for office space has been relatively inelastic because businesses viewed it as a necessity. If a company needed 20,000sf to run its business, it generally leased that space whether the rent was $30/sf or $35/sf. That philosophy may be changing because, with the acceptance of remote working, companies will have more flexibility in ..read more

The relative success with which many companies have transitioned into virtual workplaces during this pandemic has many predicting the death of office space. This couldn’t be further from the truth.  In fact, without the critical time spent together in the office developing important personal relationships and unifying corporate cultures, many companies would not be able ..read more

The COVID-19 pandemic has brought the Delaware Valley’s economy to a screeching halt. However, there is reason for optimism in our region once we emerge from this crisis. As a general matter, the United States has thrived right after major disruptions to our economy. Following World War I and the Spanish Flu pandemic, we entered ..read more

Over the coming weeks, executives are going to be inundated with articles and white papers telling them that, to survive in the post COVID-19 business world, they are going to need to completely change their space, their furniture and their employee densities. Already we are being told by furniture vendors, designers and brokerage firms that ..read more