One of the most resilient sectors during the COVID-19 crisis has been industrial, as more people turned to online shopping. According to CBRE, demand for industrial space has exceeded supply for 42 consecutive months, with net positive absorption of nearly 57 million sq. ft. in the third quarter, bringing total space absorbed year-to-date to about […]
The COVID-19 pandemic is having a major impact on commercial real estate and, some say more so than the global financial crisis earlier this century. According to real estate economic and research experts, “the pandemic directly impacts the demand for space through quarantines, social distancing, shutdowns, supply chain disruptions, employment loss and a shattering of […]
It is no surprise that building designs have been evaluated closely since the pandemic. The office sector of the commercial real estate industry has been greatly affected by the shutter-in-place regulations and guidance from the CDC to have employees of non-essential companies work remotely. While many companies are finding it feasible in some industries, this […]
It is safe to say the entire commercial real estate industry decelerated as the COVID-19 pandemic set in. However, it was brief for industrial real estate. According to several panelists from premier real estate companies at the NAIOP 2020 I.CON Virtual Conference, industrial real estate is expected to accelerate Q-3/4 and on through 2021. COVID-19’s […]
Engineers have learned to make buildings safer in recent decades after years of studying what happens to structures during earthquakes. Concrete is a durable choice, but concrete tilt-up buildings built in the last century pose safety risks. Over time, concrete can crack, so it’s important to have it inspected periodically to reduce maintenance costs and […]
Several earthquakes have shaken both San Francisco and Los Angeles in 2019, which is a reminder that old building owners need to consider a seismic retrofit solution for California. Not only is California one of the most vulnerable states for seismic activity, many older buildings lack modern design to provide sufficient safety. Here are reasons […]
Concrete can last many decades without needing much maintenance, which is a key reason why it’s favored as a commercial building material. Regular inspections help detect problems early to avoid expensive structural concrete crack repair. Here are important points to remember about applying seismic retrofitting for buildings with concrete tilt-up walls and how to address […]
Although most of Oregon’s thousands of earthquakes over the years have been minor (i.e. under a magnitude of three,) the state has suffered three destructive earthquakes in the past century. Quakes as far away as Seattle can affect buildings in Portland, so seismic retrofit is an important consideration for Oregon building owners. Here are reasons […]
In 2010, over 200,000 individuals died in earthquakes around the world. Collapsed buildings caused the vast majority of these casualties. Three things should be prioritized right after an earthquake to reduce risk: Keeping people in and around the building safe. Preventing gas lines from leaking or exploding. Minimizing (or at least anticipating) any risk of […]
Older buildings throughout the state of California are vulnerable to damage from earthquakes. Seismic ordinances at some of the cites dictate earthquake retrofit standards and measures to provide for public safety as well as protection of private property. Is your building in compliance with earthquake safety regulations? As managers and property owners embark on the process of […]