Ashley Jackrel, CCIM’s Post

In earlier posts we highlighted #JLL research on the impact amenities and mixed-use are having on the workplace. Links to both are below. We also touched on the opportunity a hospitality mindset could have on commercial real estate. Links also below. The graphic below is provided to conceptualize how this might all come together. Blue=office, red=hotel/hospitality, brown=residential, yellow=retail and green=public space #1 is simply locating uses within close proximity without any consideration for integration. Standalone uses within walking distance. While each use benefits from its closeness to the other, there is opportunity in considering overlap. #2 begins to integrate uses with some overlap i.e. some shared facilities and services. #3 is a fully integrated mixed-use development where uses and amenities are shared along with the possible integration of back-of-house and building services. The purple box is added to highlight the possibility of an overlay of common management. This is where the economies of scale and use-diversity are optimized. An example of an amenity in a fully integrated mixed-use setting: co-working. While co-working is typically associated with office it is becoming more and more popular as an amenity for both hotels and residential. This common amenity, under the #3 model, can be integrated across all primary uses. The fully integrated model also begins to offer amenities and services from one use that might not be typically offered for other uses. For example, laundry services offered by the hotel could become a service for office users, those in the residential section, the fitness amenity and others. For amenities and services typically associated with standalone office, retail, hospitality or residential, imagine the synergies created under a fully integrated model. Thoughts? Links to earlier posts: Amenities: https://lnkd.in/eWX4GqYP Mixed-use: https://lnkd.in/eM9fEyYv Hospitality: https://lnkd.in/emM4nDNH and https://lnkd.in/ea_5GzGW #realestate #realestatedevelopment #realestateinvestment #mixeduse #wfo #office #retail #hotel #hospitality #residential #propertymanagement #facilitiesmanagement #assetmanagement

We need to think more and more about how mixed-use and a hospitality-mindset can help optimize not just the new workplace, but all uses. #commercialrealestate #hospitality #realestate #realestatedevelopment #realestatemanagement #realestateinvestment https://lnkd.in/ecNmpaT6

Marc Meehan tells The Globe and Mail that office owners are investing more than before in updating building amenities – boutique gyms, sleek dining options, bike storage and shower facilities – in a bid to entice workers back to the office. “This shift is a good thing. It’s good for tenants. It’s good for their employees.” Read more here: https://lnkd.in/e249h9HH #Office #Amenities #Investments

🏢 Curious about the latest in office tenant amenities? 🌟 Wondering what today's tenants are expecting in terms of amenity spaces? Delve into the top 5 tenant amenities for 2024 and offer insights on how to select the right ones for your building. From cutting-edge features to must-have conveniences, let's navigate the landscape of modern office perks together! 💼✨ Read more from {Buildings} #TenantAmenities #OfficeSpace #2024Trends

🚦 The Busiest Roads in Maricopa County🚦 Maricopa County, home to the bustling Phoenix metropolitan area, is defined by its heavily trafficked roads, which are crucial to the region's commercial real estate landscape. Interstate 10 (I-10): Ideal for logistics and transportation hubs, with prime spots for warehouses and distribution centers. Interstate 17 (I-17): Perfect for hotels, restaurants, and service stations catering to long-distance travelers. LOOP 101: Hotspots for office parks, shopping centers, and mixed-use developments in Scottsdale, Glendale, Chandler, and Peoria. LOOP 202: Boosting retail and office space demand in Mesa, Tempe, Gilbert, and Chandler. U.S. ROUTE 60: A mix of commercial properties, supporting retail and service industries. STATE ROUTE 51: Great for high-end retail, dining, and professional services due to proximity to affluent areas. STATE ROUTE 143: Prime for hotels, car rental agencies, and logistics companies near Phoenix Sky Harbor International Airport. GRAND AVE: Diverse commercial opportunities from industrial parks to retail centers. BELL ROAD: A vibrant commercial hub with shopping malls, restaurants, and office buildings. SCOTTSDALE ROAD: Synonymous with high-end retail, luxury hotels, and prime office spaces. They're more than just transportation routes—they are economic lifelines driving growth and development. For those in the commercial real estate market, these thoroughfares offer immense potential for strategic investment and development. 🌟 READ MORE HERE ➡ https://lnkd.in/gKV539Pz www.VandeWeerdRE.com #CommercialRealEstate #MaricopaCounty #PhoenixRealEstate #CRE #InvestmentOpportunities

Want to know what hot-ticket item many commercial real estate clients have been asking for? Let’s talk…building amenities. The flight-to-quality trend continues as companies: A. Right-size their SF footprint, allowing them greater flexibility to consider higher-quality space B. Adapt their return-to-office work policies C. Increase focus on sustainability initiatives D. All of the above Companies ask about building security, on-site dining, conference centers, building energy efficiency, outdoor space, fitness centers, etc. A big favorite amongst our Florida office users? Covered structured parking. From June-October, you, your employees, and your clients are navigating meetings and appointments in torrential on-again, off-again downpour. This is Florida. This is a rain-inspired place. IF: You are considering opening an office in Central Florida THEN: Partnering with a commercial real estate broker can save you time—we are here to actively help by offering area-specific insights and using cultivated market knowledge to get you the best outcome #buildingAmenities #returntoOffice #commercialRealEstate #CREbrokers #FLRealEstate

"We saw in parallel to the pursuit of top-tier commercial office stock, a stronger demand for flex spaces that offered hospitality, community, and experience elements. Landlords are investing in amenities and programs to create positive tenant experiences and are seeing flex spaces as tools to provide these options in their assets."   What’s next? Download the latest Office leasing year in review and outlook for 2024 to get more of my insights: https://lnkd.in/g78UpxZ9    #JLLAUS #JLLOfficeLeasing #2024CREtrends 

The gem of Midrand! Hertford Office Park: Where Productivity Meets Serenity (link unavailable) Tucked away in the heart of Midrand, Hertford Office Park is the ultimate game-changer for businesses seeking a peaceful yet productive atmosphere. Imagine sipping coffee amidst lush gardens, or closing deals with the soothing sound of birds chirping in the background - sounds like a dream, right? What makes Hertford Office Park the perfect haven: - Prime location: Easy access to major highways and public transport (no more excuses for being late!) - Flexible spaces: From cozy suites to expansive offices, there's room for everyone - Amenities galore: On-site gym, restaurant, and convenience store (because productivity requires fuel) - Serene surroundings: Beautiful gardens and a tranquil atmosphere (no noise pollution, we promise!) Don't miss out on this opportunity to elevate your business! Contact Turnkey Commercial Properties today to secure your spot at Hertford Office Park. #TurnkeyCommercialProperties #HertfordOfficePark #Midrand #CommercialProperty #OfficeSpace #ProductivityHacks #SerenityNow #OfficeGoals #MidrandBusinessHub #CommercialPropertyExperts #OfficeParkLife #WorkLifeBalance

Anthem Properties Proposes Office-to-Hotel Conversion for 66-Storey Citizen Tower in Burnaby 📝🏗️ Anthem Properties are exploring a switch from office to hotel use for the podium of its 66-storey Citizen tower at 4657 Kingsway, Burnaby. Initially approved with office and retail space, the revised plan aims to address the high demand for hotel accommodations in Metro Vancouver. Key Points: 🔹Project Location: 4657 Kingsway, Burnaby, near Metropolis at Metrotown 🔹Tower Details: 66 storeys, 645 residential units 🔹372 strata condominiums 🔹200 market rental units 🔹73 non-market rental units Commercial Space: 🔹Over 150,000 sq. ft. in a seven-level building podium Proposed Change: 🔹Conversion of office space to hotel use 🔹Ground level changes for hotel lobby and manager’s office 🔹Addition of gym and breakfast lounge for hotel guests 🔹Flexibility to adapt to market conditions Rationale: The proposal aims to address the high demand for hotel accommodations in Metro Vancouver, enhancing Burnaby’s economic and tourism sectors. Next Steps: Burnaby City Council will consider the rezoning application for a first and second reading in a future meeting. Excavation for the project is expected to begin in Fall 2024. Anthem Properties Group Ltd. | Storeys | Howard Chai | #vancouverrealestate #burnabyrealestate #fraservalleyrealestate #landdevelopment