Latest news with #CushmanWakefield
CBS News
an hour ago
- General
- CBS News
Fort Worth apartment fire victims still in limbo 10 days later: "No clear answers"
Ten days after a massive six-alarm fire tore through the Cooper apartment complex in Fort Worth, hundreds of displaced residents remain without their homes. Many say they're still waiting for clear guidance on what happens next. More than 800 people were forced to evacuate when the fire broke out on the roof of the complex last Monday afternoon. The Fort Worth Fire Department has since determined the blaze was accidental, caused by electrical issues. Part of the building collapsed, and thick smoke could be seen for miles. Earlier this week, fire department crews were able to recover some belongings from certain apartments for residents. Property management company Cushman & Wakefield confirmed in an email to tenants that at least 25 units in Building One are a total loss and will never be accessible again. Samuel Markelson lived in one of those apartments, and he evacuated with nothing but the clothes he was wearing. He's not sure he'll ever have the chance to see if anything is salvageable from his unit. "The thing that kills me the most is the fact that they said that my apartment is boarded up and I will not get access," Markelson said. "And I said, 'What are y'all going to do with all this stuff?' They said, 'We're just going to chuck it.'" Markelson and other former residents said they're frustrated with the lack of communication from property management, saying they haven't received definitive information about lease cancellations, rent responsibilities, or if and when they'll be able to access their units. "There's no clear left or right," Markelson said. "It's very gray. There's no specifics as to what is happening with the people that actually lost their apartments… No specific dates. No 'Hey, this is what's happening. You won't get access. Here's what you will get access to.'" In an email to residents, property management said that each situation would be handled individually as they determine which units remain livable. The company did offer four months of free rent when signing a new lease at one of its sister properties and confirmed July rent is waived and security deposits will be returned. Despite the uncertainty, Markelson says he's grateful for the support he's received from his employer and from community groups like Lonestar Dads. "The people that live in the community helping others who actually lost everything, I can't say enough thank-yous for everything they've done," he said. The United Way has launched a relief fund for victims of the fire, and Fort Worth Councilwoman Elizabeth Beck has also organized additional support. A fundraiser is planned for Sunday, July 6 at Panther City BBQ on E Hattie Street from 11 a.m. to 2 p.m. Residents will have to go through a verification process before they can receive any of that assistance. CBS News Texas has reached out to Cushman & Wakefield multiple times for clarification on next steps for tenants and the building itself. We are still waiting for answers.
Zawya
13 hours ago
- Business
- Zawya
Cushman & Wakefield and Corenet Global Release New Survey Results On "What Occupiers Want"
Cost remains king, but talent, flexibility, and service are reshaping real estate strategy globally HONG KONG SAR - Media OutReach Newswire - 2 July 2025 - Cushman & Wakefield (NYSE: CWK), in partnership with CoreNet Global, the global professional association for corporate real estate, has released new survey results revealing how corporate real estate (CRE) priorities are evolving in response to cost pressures, shifting organizational models, a stabilizing office footprint, and the growing demand for workplace flexibility and service. Findings from the What Occupiers Want 2025 survey—reflecting the views of CRE decision-makers across the Americas (52%), EMEA (34%) and APAC (14%)—highlight an industry at a strategic crossroads, as companies balance traditional cost control measures with new imperatives around talent, culture, and portfolio agility. The views represent approximately 8.1 million employees globally and approximately 340M square feet of floor area. "The survey shows that while cost discipline remains essential, organizations are increasingly recognizing that real estate decisions directly impact employee experience, engagement, and overall business performance," said Despina Katsikakis, Global Lead, Total Workplace Consulting at Cushman & Wakefield. "This marks a critical opportunity for CRE leaders to shape strategies that deliver both financial and workforce value." Cost Still Reigns, but Uncertainty Dominates Decision-Making Cost control remains the top driver of corporate real estate decisions globally, as CRE leaders face continued pressure to reduce or optimize spending. Financial KPIs—particularly cost, efficiency, and space utilization—still dominate strategy. However, uncertainty looms large. Political instability, changing workplace behaviors, and unclear ROI metrics have left many organizations hesitant to act boldly. Compounding this, environmental, social, and governance (ESG) priorities—once on the rise—have slipped back to pre-2021 levels in global importance, though they remain a top concern in EMEA and APAC regions. CRE Organizational Models Are Evolving—And Metrics Must Keep Pace One of the report's most striking findings: nearly one-third (29%) of companies that recently changed their CRE reporting structure now have real estate teams reporting to Human Resources. "This shift highlights a growing understanding that corporate real estate is about people, culture, and experience—not just space and cost," said Katsikakis. "But to make this evolution meaningful, organizations need new performance metrics that link workplace investments to employee experience, engagement, and productivity—not just financial outcomes." Despite these organizational changes, most companies continue to rely heavily on traditional financial measures. The report calls for a balanced scorecard approach that bridges the gap between cost control and workforce impact. Downsizing Has Peaked as Occupiers Stabilize Portfolios After several years of footprint reduction, the era of mass downsizing appears to be over. Only 32% of companies plan further space cuts, while 1 in 8 occupiers plan to expand their footprint. Meanwhile, average office lease sizes have grown by 13% since 2023. Office utilization rates are stabilizing as well, with global occupancy levels settling between 51% and 60%—still below pre-pandemic norms but rising steadily as more firms implement structured return-to-office policies. Landlords Must Step Up as the Office Becomes a Service Tenants are demanding more from their landlords—85% of occupiers now expect landlords to provide enhanced amenities, services, and workplace experiences, and nearly half (46%) are willing to pay a premium for these upgrades. Top-tier office space commands a nearly double-digit rental premium as a result. Yet there remains a gap between expectation and delivery: only 60% of employees believe their current workplace fully supports collaboration, relationships, and culture-building—the very elements that draw people back to the office. Flexible Location Strategies Are the New Talent Imperative Flexible hiring practices are now standard, with 61% of companies adapting their real estate strategies to access diverse talent pools across multiple geographies. Regional trends show varied approaches: In the Americas, hybrid and country-level hiring dominate. EMEA firms favor selective global hiring where presence already exists. APAC leads in expanding remote hiring options. Technology talent remains in high demand, particularly in APAC, where growth outpaces that of the Americas and EMEA. The 2025 What Occupiers Want survey reveals a CRE industry in transition: while cost pressures remain paramount, leading organizations are redefining value beyond financial savings. "To drive meaningful impact, CRE leaders must champion new, integrated performance frameworks that reflect the true business value of the workplace," said Katsikakis. "Real estate decisions are no longer just about the bottom line—they're about workforce performance, culture, and competitive advantage." Spotlight: Chinese Mainland On the Chinese mainland, occupier strategies are aligning with the broader Asia Pacific trends – but with distinct local drivers. Companies continue to prioritize cost optimization and footprint efficiency, but there is a growing shift toward premium office space in core business districts, especially among financial, professional services, and high-tech sectors. Return-to-office policies are further along compared to other global markets, with hybrid models giving way to more structured, on-site work requirements. Occupiers are seeking environments that enhance collaboration, innovation, and talent retention – particularly in Shanghai, Beijing, and Shenzhen, where talent competition remains intense. "Occupiers in China are increasingly focused on quality—not just in location and amenities, but in how the workplace supports business strategy and employee wellbeing," said Jonathan Wei, Head of Project and Occupier Services, China at Cushman & Wakefield."Landlords who can deliver integrated, experience-driven environments with flexible, tech-enabled solutions are strongly positioned to attract and retain long-term tenants." Hashtag: #Cushman&Wakefield The issuer is solely responsible for the content of this announcement. About Cushman & Wakefield Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2024, the firm reported revenue of $9.4 billion across its core services of Valuation, Consulting, Project & Development Services, Capital Markets, Project & Occupier Services, Industrial & Logistics, Retail, and others. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit or follow us on LinkedIn ( Cushman & Wakefield
Malay Mail
13 hours ago
- Business
- Malay Mail
Cushman & Wakefield and Corenet Global Release New Survey Results On "What Occupiers Want"
Cost remains king, but talent, flexibility, and service are reshaping real estate strategy globally In the Americas, hybrid and country-level hiring dominate. EMEA firms favor selective global hiring where presence already exists. APAC leads in expanding remote hiring options. HONG KONG SAR - Media OutReach Newswire - 2 July 2025 - Cushman & Wakefield (NYSE: CWK), in partnership with CoreNet Global, the global professional association for corporate real estate, has released new survey results revealing how corporate real estate (CRE) priorities are evolving in response to cost pressures, shifting organizational models, a stabilizing office footprint, and the growing demand for workplace flexibility and from the What Occupiers Want 2025 survey—reflecting the views of CRE decision-makers across the Americas (52%), EMEA (34%) and APAC (14%)—highlight an industry at a strategic crossroads, as companies balance traditional cost control measures with new imperatives around talent, culture, and portfolio agility. The views represent approximately 8.1 million employees globally and approximately 340M square feet of floor area."The survey shows that while cost discipline remains essential, organizations are increasingly recognizing that real estate decisions directly impact employee experience, engagement, and overall business performance," said"This marks a critical opportunity for CRE leaders to shape strategies that deliver both financial and workforce value."Cost control remains the top driver of corporate real estate decisions globally, as CRE leaders face continued pressure to reduce or optimize spending. Financial KPIs—particularly cost, efficiency, and space utilization—still dominate uncertainty looms large. Political instability, changing workplace behaviors, and unclear ROI metrics have left many organizations hesitant to act boldly. Compounding this, environmental, social, and governance (ESG) priorities—once on the rise—have slipped back to pre-2021 levels in global importance, though they remain a top concern in EMEA and APAC of the report's most striking findings: nearly one-third (29%) of companies that recently changed their CRE reporting structure now have real estate teams reporting to Human Resources."This shift highlights a growing understanding that corporate real estate is about people, culture, and experience—not just space and cost," said Katsikakis. "But to make this evolution meaningful, organizations need new performance metrics that link workplace investments to employee experience, engagement, and productivity—not just financial outcomes."Despite these organizational changes, most companies continue to rely heavily on traditional financial measures. The report calls for a balanced scorecard approach that bridges the gap between cost control and workforce several years of footprint reduction, the era of mass downsizing appears to be over. Only 32% of companies plan further space cuts, while 1 in 8 occupiers plan to expand their footprint. Meanwhile, average office lease sizes have grown by 13% since utilization rates are stabilizing as well, with global occupancy levels settling between 51% and 60%—still below pre-pandemic norms but rising steadily as more firms implement structured return-to-office are demanding more from their landlords—85% of occupiers now expect landlords to provide enhanced amenities, services, and workplace experiences, and nearly half (46%) are willing to pay a premium for these office space commands a nearly double-digit rental premium as a result. Yet there remains a gap between expectation and delivery: only 60% of employees believe their current workplace fully supports collaboration, relationships, and culture-building—the very elements that draw people back to the hiring practices are now standard, with 61% of companies adapting their real estate strategies to access diverse talent pools across multiple geographies. Regional trends show varied approaches:Technology talent remains in high demand, particularly in APAC, where growth outpaces that of the Americas and 2025survey reveals a CRE industry in transition: while cost pressures remain paramount, leading organizations are redefining value beyond financial savings."To drive meaningful impact, CRE leaders must champion new, integrated performance frameworks that reflect the true business value of the workplace," said Katsikakis. "Real estate decisions are no longer just about the bottom line—they're about workforce performance, culture, and competitive advantage."On the Chinese mainland, occupier strategies are aligning with the broader Asia Pacific trends – but with distinct local drivers. Companies continue to prioritize cost optimization and footprint efficiency, but there is a growing shift toward premium office space in core business districts, especially among financial, professional services, and high-tech policies are further along compared to other global markets, with hybrid models giving way to more structured, on-site work requirements. Occupiers are seeking environments that enhance collaboration, innovation, and talent retention – particularly in Shanghai, Beijing, and Shenzhen, where talent competition remains intense."Occupiers in China are increasingly focused on quality—not just in location and amenities, but in how the workplace supports business strategy and employee wellbeing," said"Landlords who can deliver integrated, experience-driven environments with flexible, tech-enabled solutions are strongly positioned to attract and retain long-term tenants."Hashtag: #Cushman&Wakefield The issuer is solely responsible for the content of this announcement. About Cushman & Wakefield Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2024, the firm reported revenue of $9.4 billion across its core services of Valuation, Consulting, Project & Development Services, Capital Markets, Project & Occupier Services, Industrial & Logistics, Retail, and others. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit or follow us on LinkedIn (
Entrepreneur
a day ago
- Business
- Entrepreneur
MSME Workers Only Produce 14% Value of Large Enterprise Counterparts: Report
According to the report, 61 per cent of MSMEs said they had received no support from government-led skill and talent development programs. Only 39 per cent could confirm they had benefited in any way. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. India's small and mid-sized manufacturing enterprises are carrying the weight of the country's industrial ambitions, but with productivity levels that are crippling their potential. While micro, small, and medium enterprises (MSMEs) employ 80 per cent of India's manufacturing workforce and generate 40 per cent of its output, their efficiency tells a different story. A report by Cushman & Wakefield lays bare a stark imbalance: each MSME worker produces just 14 per cent of what their counterpart in a large enterprise delivers. This gulf has wide-reaching implications. Comparable firms in other emerging economies are already pushing worker productivity to nearly 30 per cent, and in developed countries, the divide is even smaller. The report estimates that narrowing the productivity divide between MSMEs and large enterprises could add up to 10.5 per cent to India's GDP. But that progress masks a deeper disconnect. While infrastructure investments are helping modernize the sector at large, the benefits are not being felt equally across the ecosystem. Smaller firms, especially those employing fewer than 500 people, are largely being left behind. According to the report, 61 per cent of MSMEs said they had received no support from government-led skill and talent development programs. Only 39 per cent could confirm they had benefited in any way. Skill shortages, limited access to finance, and lack of guidance on technology adoption continue to stifle MSME competitiveness. Rahul Chandalia, founder and CEO of WOL3D, sees these issues firsthand. "MSMEs need targeted support in several key areas to ensure their growth and sustainability," he said. "Access to affordable credit remains a top priority, as many small businesses struggle with funding gaps and collateral requirements. Guidance on digital transformation and technology adoption is crucial, especially as MSMEs look to modernize operations and stay competitive." He further emphasized that skill development is essential to drive innovation and productivity. "Skill development and training both for entrepreneurs and their workforce are essential for productivity and innovation," Chandalia noted. "Market access, including support for marketing, exports, and participation in trade fairs, helps MSMEs expand their reach." Nearly 88 per cent of respondents acknowledged that large-scale infrastructure initiatives like the Bharatmala, Sagarmala, Dedicated Freight Corridors, and the National Industrial Corridor Development, had directly influenced their capital expenditure plans. Among larger firms, 94 per cent credited these infrastructure upgrades as crucial to their growth trajectory. Moreover, 93 per cent of companies operating within industrial parks or near new freight corridors reported tangible improvements in efficiency and profitability. Even as infrastructure builds out and large firms thrive, the long-term competitiveness of the sector is threatened by high logistics costs, a severe warehousing shortfall (just 0.2 square feet per urban resident compared to 47.3 in the US), and low levels of domestic value addition, which stand at 17 per cent versus China's 25 per cent. To move forward, the report urges a recalibration of priorities. Without narrowing the productivity gap and enabling MSMEs with real, operational support and not just policies on paper, the sector risks stalling under its own weight. Chandalia offers a roadmap: "Policymakers can help by strengthening credit guarantee schemes, increasing subsidies for technology and training, streamlining regulations, and raising awareness about government programs. While recent initiatives are positive, ongoing efforts to simplify access, reduce compliance burdens, and promote innovation are crucial."
Irish Times
24-06-2025
- Business
- Irish Times
Dublin office market rebalancing as demand grows in face of falling supply
The ongoing rebalancing of the Dublin office market continued in the second quarter as take-up levels grew in the face of a weakening pipeline of future developments. That's the key takeaway from the latest report into activity in sector by Cushman & Wakefield . While preliminary data for the second quarter of 2025 shows that demand for office space in the capital hit its highest level since 2022 with about 206,800 sq m (2.2 million sq ft) taken up by companies over the past 12 months, that figure comes against the backdrop of just 165,000 sq m (1.78 million sq ft) of office space under construction for the period 2025-2027 with about 76 per cent of that accommodation already pre-let or reserved. To put those figures in perspective, the average Dublin office take-up came in at around 193,000 sq m (2.078 million sq ft) over the past 15 years, according to Cushman & Wakefield. About 61,100 sq m (657,675 sq ft) of office space was leased in the second quarter of this year, with the majority of this accounted for by two significant transactions. READ MORE The bigger of these two lettings saw US technology giant Workday formally signing a deal to locate its new European headquarters at College Square, the landmark office scheme developed by Pat Crean's Marlet Property Group in Dublin city centre. [ Marlet secures €238m refinancing deal for College Square development Opens in new window ] Workday will occupy some 38,700 sq m (416,200 sq ft) of the office space at College Square. The company's accommodation represents the entirety of College Square's 'super-prime' office space and is the equivalent of five and a half football pitches. The College Square deal is the largest single office letting to have taken place in the European office market since the onset of the Covid-19 pandemic in early 2020 and was brokered by Cushman & Wakefield's Dublin office. The other major lease of note in the second quarter involved Vodafone which took 5,900 sq m (63,000 sq ft) at 70 St Stephen's Green. The amount of reserved space in the Dublin office market meanwhile 'held steady', according to Cushman & Wakefield, at more than 100,000 sq m (1.08 million sq ft) reserved in the second quarter. The level of office vacancy remains elevated in a longer-term context, however. Having peaked in the first quarter of this year at 17 per cent, the report's authors say their preliminary analysis has found that the vacancy rate fell to about 15.5 per cent in the second quarter. Tom McCabe, head of research and insight at Cushman & Wakefield , said : 'In recent quarters we have seen a marked improvement in supply and demand fundamentals for the Dublin office market. Take-up on an annualised basis is running at its highest level in around three years, the amounts of reserved space have climbed, vacancy rates are now falling, and future office supply is relatively scant. Overall, the data points to a market which is rebalancing for the better.' Ronan Corbett, head of Cushman & Wakefield's office division, added: 'We are delighted to have secured College Square as the new EMEA headquarters for Workday this quarter. This is a significant vote of confidence not only in the Dublin office market but also in the outlook for international investment in Ireland.'
