by Jodi Summers
Office space has changed drastically in the past decade. Gone are cubicles and forced air. What’s hot are bright and breezy multiuse open spaces which use less square footage than their predecessors. Allow us to share with you some cutting edge concepts in office design.
Google’s stimulating new workspace in Tel Aviv. Google creates environments to allow creative ideas to easily flow.
92% of young professionals interviewed said they would be more inclined to work for an environmentally-friendly company.
Office space abundant in light with inspiring design.
Three complementary design firms have joined together to share a loft office space.
Shared office or executive office suites.
The office barns the workspace is completely open, without partitions and without hierarchy. Desks and local storage are mobile and a system of power distribution drops power and network down to the desks from over head. It’s unlike any corporate office space that came before it and in fact has many of the characteristics of smaller businesses.
Open office space circa 1923
by Jodi Summers
Corporations are learning that their employees are happier if they work at home at least one day a week. Going one step beyond, for some careers and small business owners the home office and related tax deductions have become a legitimate tax deduction.
According to data from the Survey of Income and Program Participation, in 1997 7% of workers (9.2 million individuals) reported working at home at least one day a week. By 2010, that total had grown to 9.4% (13.4 million), an increase of more than four million or 35%.
The geographic distribution of those workers who primarily work at home (most days) shows interesting geographic clustering. Using data from the 2012 Census Bureau American Community Survey, the map above charts the share of the workforce (age 16 and over) who report working at home. The highest shares are found in the West, the Northwest, the Upper Midwest and New England. The state of Vermont has the highest share (7.1%), followed by Montana (6.5%), Colorado (6.5%), and Oregon (6.3%). Louisiana has the lowest share at 2.3%.
You are the green businessman. You’re in solar stocks, net zero options. You are on top of the green world. Now, be on top of the next wave of green trends…
* Global spending on smart energy management services is projected to grow from $291M in 2012 to $1.1 billion by 2020. (Source: Pike Research)
* Solar projects established as a solid asset class attracting traditional Wall Street financiers, crowd-funding to fund small- to medium-sized solar projects, and institutionally-led residential solar lease facilities. REITs will emerge as a potential funding source with the prospect of opening the REIT structure to solar projects.
* Micro-hybrid battery technology that stops a vehicles motor during idling, then starts it again with a battery – not gas – when needed, is coming to the U.S. in a big way with more than eight million vehicles, not including hybrids, to be equipped with this stop-start technology in North America by 2017 (Source: Lux Research). An estimated 35 million vehicles to be produced with this stop-start technology worldwide (Source: Johnson Controls).
* Biomimicry – using designs found in nature as the template for creating modern industrial products and processes – begins to make its mark on clean technology, especially in clean technologies that generate energy from natural sources like the sun and the wind, as well as on the energy-efficiency front, such as energy-saving (and more reliable) screen technologies for devices and the creation of new tougher, lighter and stronger materials.
* U.S. Geothermal industry comes of age in the U.S., with installed cumulative capacity growing to 3,187 MW, which represents more than a quarter of the worldwide total of 11,244 MW.
Edited by Jodi Summers
Bravo to the City of Los Angeles. Through innovative public policy and creative private development, L.A.is demonstrating how older buildings can be repurposed and repositioned for the new economy while reducing carbon emissions.
Believe it or not, Downtown Los Angeles contains one of the nation’s finest collections of early 20th century architecture. Most of these buildings sat vacant for decades, until a carefully targeted Adaptive Use Ordinance (ARO) removed regulatory barriers, provided incentives, and helped make it possible to repurpose more than 60 historic buildings over the past 14 years as new apartments, lofts, and hotels.
A recent report from the Urban Land Institute and the National Trust for Historic Preservation’s Green Lab concludes that more than 10 million square feet of space in the city’s urban core is currently vacant. The report, Learning from Los Angeles, was presented to Mayor Eric Garcetti this morning, at an event organized by the ULI Los Angeles District Council. It describes strategies that build on the success of the ARO to unlock the economic and community development potential of underused older buildings. The report documents demolition, building, and vacancy trends throughout the city and recommends strategies for removing regulatory barriers, streamlining approvals, and providing incentives to make building reuse easier to accomplish.
Conversations organized by the Preservation Green and ULI Los Angeles identified key barriers to building reuse and recommend solutions to overcome these obstacles. The Los Angeles Conservancy, a key partner in this effort, served on the project Advisory Committee along with practitioners in real estate development, planning, design, construction, community revitalization, and local government.
Learning from Los Angeles is the first in a new series of research and policy reports being developed by the Preservation Green Lab through the Partnership for Building Reuse, a joint effort of the National Trust and ULI. Launched in Los Angeles in 2012, the Partnership for Building Reuse is designed to foster market-driven building reuse in major U.S. cities through dialogues with community stakeholders about building reuse challenges and opportunities.
by Jodi Summers
You’ve heard about all of those fabulous loft conversions in downtown Los Angeles – old office buildings and factories that have been renovated into apartments and condos. That’s what’s happening with a lot of that extra office space…that’s in cool buildings.
In 2012, nationwide, office stock shrunk in a third of the 54 top U.S. markets. Buildings worth saving are being converted, while lesser buildings are being demolished. The result is that the net inventory has dropped by about 21.6 million square feet > or 0.3% of inventory. In Los Angeles, available office space has declined by -16.2% according to Loopnet.
Conversion to residential usage is the most prominent reason that an office building is removed from inventory. Condo and apartment conversions comprise 34% of the lost office space, according to CoStar. Additionally another 13% of office space has been demolished to make way for new residential construction.
In high density urban areas where housing is needed, multifamily repositionings benefit both owner and user. The ideal conversion candidate – transit-accessible office structures built circa 1930 with 22,000-square-foot floor plates.
For more information please contact Jodi Summers and the SoCal Investment Real Estate Group @ Sotheby’s International Realty – email@example.com or 310.392.1211, and let us move forward together.
Woohoo! The U.S. has more green LEED certified building space than anyone else in the world. Curiously, although we have the most, and the Leadership in Energy and Environmental Design (LEED) green building rating system was conceived in the United States, LEED space is measured in meters…so for record, 1 square meter = 1.196 square yards = 10.764 square feet.
Now that you have the power, be proud. North America leads the world with 611.6 gross square meters (GSM) LEED certified or registered (1,000,000 sq.ft. +/-) as part of some 44,998 projects, according to the United States Green Building Council (USGBC). Rapidly developing East Asia had the second highest amount of building space certified or registered under LEED, with 107.3 GSM from1, 995 projects. Latin America and the Caribbean had the least, with 39.5 GSM and 1,704 projects.
Here are the top 10 countries with the most LEED certified or registered space as of April 2013:
United States (44,270 certified or registered projects)
United Arab Emirates (808)
Republic of Korea (188)
As the LEED rating system was founded in the U.S. one benefit we do get is a jump on the game…but watch China grow. Pundits predict that by 2015, half of the world’s new construction will be in China. It is also the leader for the world’s greenhouse gas emissions (Beijing already has significant air quality issues), which makes it the perfect candidate for green building.
It is also not surprising that India made the list, largely due to decreasing premiums for building green and high energy costs.
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