Author Archives: Tactix

The Next Shoe to Drop: The Death of Normal Business Hours

A lot has been written over the past two months about the new work from home paradigm. The realization that much of the work we do can be done from anywhere has major ramifications for both office space demand and … Continue reading

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When Office Demand Becomes Elastic

Historically, demand for office space has been relatively inelastic because businesses viewed it as a necessity. If a company needed 20,000sf to run its business, it generally leased that space whether the rent was $30/sf or $35/sf. That philosophy may … Continue reading

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Reports of the Death of the Office Are Greatly Exaggerated

The relative success with which many companies have transitioned into virtual workplaces during this pandemic has many predicting the death of office space. This couldn’t be further from the truth.  In fact, without the critical time spent together in the … Continue reading

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Four Reasons Philly Should Thrive After COVID-19 (at New York’s Expense)

The COVID-19 pandemic has brought the Delaware Valley’s economy to a screeching halt. However, there is reason for optimism in our region once we emerge from this crisis. As a general matter, the United States has thrived right after major … Continue reading

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Don’t Overreact to COVID-19 When Your Employees Return to Work

Over the coming weeks, executives are going to be inundated with articles and white papers telling them that, to survive in the post COVID-19 business world, they are going to need to completely change their space, their furniture and their … Continue reading

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How the COVID-19 Crisis Will Impact the Office Market

“Never make predictions, especially about the future.” – Casey Stengel As we all continue our new routines working from home, many of us are wondering if this work arrangement will represent just a temporary blip on the screen or a … Continue reading

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The Looming Landlord/Tenant Divide

As recently as early March, landlords in Center City Philadelphia and the surrounding suburbs were sitting on top of the world.  They were cutting lease deals and asking for rents that were, in some cases, 30% to 40% higher than … Continue reading

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House (Office) of Cards Awaiting With Tenant Build-Out Projects

You signed your lease in January and your current lease expires in November.  Plenty of time to design your space, pull permits and be into the new digs by mid-October with plenty of room to spare.  Everything is going great … Continue reading

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The Best Approach for Negotiating Rent Relief With Your Landlord

Over the past week, we have had numerous conversations with tenants and landlords about the COVID 19 pandemic, its impact on businesses and how landlords and their lenders will deal with tenants’ inability to pay rent.  In these challenging times, we have been heartened by … Continue reading

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Coming to the Office or Working Remotely: What’s the Future?

There are two significant, and seemingly inconsistent, trends taking place in the office world right now and how this battle shakes out may ultimately dictate the future of the workplace as we know it.  On the one hand, a greater … Continue reading

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