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Property Update (10 April 2015)

SG Best Investment

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Singapore business parks see higher occupancy in Q1: CBRE | channelnewsasia.com

SINGAPORE: Occupancy levels at Singapore business parks rose in the first quarter of 2015 as industries such as the infocommunications industry and the pharmaceutical industry took up more space, property services firm CBRE said on Thursday (Apr 9).

CBRE estimated the vacancy rate at business parks fell to 10.4 percent in the first quarter, down from 11.7 percent in the last three months of 2014.

It added that occupiers took up about 910,000 square feet of business park space during the first quarter, including space at the newly developed Fusionopolis Phase 2A.

Rents in the city fringe sub-market, which includes properties such as Mapletree Business City and Nexus, were unchanged from the previous quarter at S$5.50 per square foot (psf) per month. They were, however, about 1.9 per cent higher when compared to the same period a year ago.

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What you need to Master Space Management. BY James McDonald

Planning and mastering how your organization utilizes its office space is a challenging, yet rewarding experience. It is a multi-step process that requires data gathering, analysis, forecasting, and strategizing. It requires a deep analysis and understanding of the company’s critical values and goals moving forward. In the early stages, management must develop planning principles for the company that will serve as criteria3 essential steps in the space management process by which alternative processes will be assessed. These guidelines will serve the company for years to come, as issues occur that could not be anticipated during initial planning. So, how do you make the most of your company’s spatial (and tangible) assets, ensuring the budget is maximized both now and moving forward? Let’s take a look at a few necessities to make sure you stay on track.

Organizational Goals

Your critical first step is to identify organizational goals and plans, both short and long-term. Establishing clear-cut plans will help ensure your space management module is designed around both current demands, as well as future space needs, and that the proper metrics are being analyzed once new strategies are launched.

A few things to consider:

  • What are your institution’s strategic business goals?
  • Relate space analysis specifically to those goals
  • What do you need to really manage your space?
  • What data do you need to collect for consistent, ongoing analysis?
  • What utilization metrics do you currently collect? How relevant is this data and what changes should be made for a more clear visual of where you are currently, where you have been, and where you are going?

Think of the workspace in terms of your workforce, as these are your two most valuable tools. Proper alignment of the two is one of the most critical components to the company’s survival and growth. Where do the two fit into your master plan and what changes must be made to get there?

“Space utilization in the course of our master planning work revealed opportunities to better align functions and their assigned space. The resulting realignment freed up 10% of our space for clinical expansion, meeting our projected growth needs for the next five years.” – Steven Wright, Vice President, Facilities – Roswell Park Cancer Institute

Breaking News: Atlas Vanlines Releases 2015 Corporate Relocation Survey

The Relocation Review

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According to one of the nation’s leading movers, Atlas Van Lines, the past year was one of increased corporate relocations. In response to the 48th Annual Corporate Relocation Survey, 49 percent of firms saw relocation volumes increase in 2014 and roughly half expect volumes to increase further overall and internationally in 2015.

“We’re thrilled to see our longest running industry survey results identify increased relocation volume and budgets,” said Jack Griffin, president and COO of Atlas World Group. “Our human resource and mobility peers expect corporate relocations to increase throughout the remainder of 2015, and we look forward to working alongside them to identify key insights that will continue to assist them in their profession.”

2015 Survey Fast Facts:

  • On average, companies relocated 50-99 employees in 2014.
  • The greatest growth in relocation occurred at international firms with more than half reporting increases in both overall volumes and budgets.
  • Company growth…

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The toughest room

Spaces + Places

I shoot about 25-30 homes a month and nothing is more challenging than the “Brownies”, those big all-brown interior custom homes with high ceilings and very little color. Add to that extremely bright sunny skies and the difference between interior luminance and outdoor brightness is night and day. Like 10-stops.

To get it right requires a long shooting process involving a dozen exposures with a number of lights and a equal amount of layers and masking in photoshop. We interior photographers prefer white everything and decor and art with lots of primary colors, which is the opposite of what I shot today! Got to admit I was sweating this one a bit.. I think it came out very well. Nailed it!

Hire me to photograph your space at http://www.compago.net

Copyright 2015 Dale Charles

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