Remove make-it real-estate
article thumbnail

Does Blockchain Still Have a Role in the Evolution of Commercial Real Estate?

Allwork

Tokenization of real estate assets has been a prominent innovation, promising benefits such as increased liquidity and reduced costs, although facing significant challenges in investor interest and regulatory compliance. Why does blockchain matter in commercial real estate? In the U.K.,

2019 290
article thumbnail

Which Way To Run? Decoding The Wobbly Economics Of The Office Market

Allwork

Economic indicators suggest a mismatch between the supply of and demand for office spaces, posing financial challenges for real estate. Future remote work patterns may lead to reduced office needs, altering financial strategies and potentially impacting company cultures and real estate markets. Thus the stalemate.

Salary 285
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Empty Offices Get Revamped: NYC’s Landlords Embrace Coworking for Flexible Future

Allwork

As the workforce continues to embrace hybrid and flexible work arrangements, New York’s commercial real estate market is making changes to adapt. According to a report published by The Real Deal , landlords are increasingly converting empty offices into coworking spaces to meet the changing demands of businesses and workers alike.

2023 264
article thumbnail

Nearly Half of Downtown Pittsburgh’s Office Spaces Projected to Sit Vacant by 2028

Allwork

Like other commercial real estate markets across the U.S. As the future of work continues to be influenced by flexible work opportunities, downtown Pittsburgh will likely need to reimagine its commercial real estate sector to adapt to these changing trends.

Promotion 264
article thumbnail

Boston’s Tax Revenue Plummets as Remote Work Reshapes its Real Estate Market

Allwork

According to the report, “With the value of office space expected to decline 20–30 percent by 2029, and overall commercial real estate prices by 12–18 percent, we estimate that Boston will face a cumulative revenue shortfall of $1.2 cities, making Boston particularly vulnerable to the downturn in the commercial real estate sector.

2019 263
article thumbnail

Creditors Pressure WeWork to Evaluate Neumann’s Flow Proposal During Bankruptcy Challenges

Allwork

WeWork is facing increasing pressure from its unsecured creditors to consider a buyout offer from Flow — a real estate venture led by WeWork’s controversial co-founder and ex-CEO Adam Neumann. The Indian real estate investment firm owns the remaining 73% stake in WeWork India.

article thumbnail

Big Thinkers: Meet the AI Leaders Changing the Future of 3 Important Industries

Success

Their expertise spans diverse domains, from the ever-evolving real estate industry to the captivating world of entertainment and the critical realm of professional development. AI leaders in the real estate revolution In the real estate sector, the digital transformation is ushering in an era of unprecedented innovation.