| wsletter Subtitle |
Month Yar | |
MARKET TREND: Austin's Office Vacancy Decreases in Q4 2010
By: Costar Research
1/19/2011
|
America's Best and Worst Job Markets
By: Brian Wingfield and Janeace Slifka, Forbes
1/6/2011
WASHINGTON, D.C. -- As 2011 gets underway, Washington, D.C.--flush with government and government-supporting jobs--has the healthiest labor market among major U.S. metro areas. By one estimate, there's roughly one advertised job opening for every unemployed worker in the D.C. region, which includes parts of Maryland and Virginia. The nation's capital has an unemployment rate of just 6%, according to the latest data. That's the lowest among the country's largest 50 metros, and 3.8 percentage points below the national average.
Read more: http://www.forbes.com/2011/01/06/best-and-worst-places-for-jobs-business-beltway.html |
Texas Faring Better than Nation Overall
By: Texas A&M Real Estate Center
January 2011
COLLEGE STATION, Tex. (Real Estate Center) - The Texas economy continues to outperform the U.S. economy in the current recovery. The state's economy gained 194,400 jobs from November 2009 to November 2010, an annual growth rate of 1.9 percent. Over the same period, the U.S. economy gained 842,000 jobs, an annual growth rate of 0.6 percent. Texas' private sector continues to play a key role in creating jobs, according to the Real Estate Center's Monthly Review of the Texas Economy for December. The state's private sector posted an annual employment growth rate of 2.2 percent compared with 1 percent for the U.S. private sector from November 2009 to November 2010, said the report's authors Research Economist Dr. Ali Anari and Chief Economist Dr. Mark Dotzour.
Read more: http://recenter.tamu.edu/pdf/1862.pdf |
|
Pricey Mutual Fund Eyes Commercial Real Estate
By: J.R. Brandstrader, The Wall Street Journal
1/9/2011
Mutual funds that invest in commercial real estate were star performers in 2010, up about 27%, more than double the gain of the Standard & Poor's 500-stock index. Usually, it's a mistake to chase last year's leaders, but Neuberger Berman investment managers Brian Jones and Steve Shigekawa think that there's still plenty of upside.
Read more: http://online.wsj.com/article/SB10001424052748704030704576070833883368732.html |
Open Workspaces Face Challenge
By: Kurt McGlinchey, Senior VP, Washington Realty Group, Inc.
January 2011
The use of individual offices in today's workspace are on the decline. Innovations in layout, new furniture designs and unique personnel plans are allowing office tenants to work like never before. Still, this "new way to work" faces one serious challenge: noise.
According to Acoustics.com, the American Society of Interior Designers (ASID) commissioned a study that showed that 70 percent of office workers believe they could work better if office noise was reduced. If you seek to design an office plan that minimizes the number of doors, you'll need to consider the affect sound will have on productivity.
Productivity can benefit from open plan, collaborative workspaces. Creative teams and sale professionals, for example, work well in such environments. Teams can come together quickly using adjustable tables and wheeled chairs and sofas. Wireless networks are making workstations somewhat archaic as company data can be pulled down from almost anywhere. Traditional phone systems are used less because of e-mail, text, and online project management tools. Filing cabinets are dwindling as a result of e-forms and cloud storage.
Even though the end of the private office may be inevitable, the open workspace has its drawbacks. The power to be trendy sometimes overwhelms what's best for the end-user. It is critical for real estate decision makers to consider the needs of each individual employee team. What works for marketing may not be be conducive to a productive accounting department. Office acoustics, for example, can significantly impact morale and productivity.
Solutions do exist, however, that effectively combine an open floor plan with design features that significantly limit the effect of excess noise. Acoustic technologies have advanced to absorb more ambient sound, but also serve an office space aesthetically. Equipment like printers and fax machines can be placed behind paneling to deflect sound. And simply increasing the availability of small meeting rooms that can be used for lively discussions, confidential conversations or the occasional private phone call can go a long way toward minimizing audible distractions.
Open space plans should place personnel needing quieter environs around corners if possible, or behind physical obstacles such as columns and partitions. This can be augmented with sound baffles and even white noise machines.
Again, like any office space usage plan, the key is to focus on the end user from the beginning and integrate a plan to minimize sound. The more decision makers understand how their employees work, the more productive their office space will be. Your tenant representative can team with a carefully selected design professional to create a plan that meshes your strategic space needs with employee work styles. |
|