Insights

Last week Saratoga attended a meeting and presentation about the upcoming Clean Buildings Performance Standards (CBPS) affecting many of our managed properties. Legislation in Washington State passed the State Energy Performance Standard, which aims to reduce greenhouse gas emissions by improving energy efficiency in existing buildings across the state. Currently there are two tiers to…

In past Insights, we have talked about how retail space is evolving, and as commercial real estate brokers, we are always exploring new ways of how we approach and lease retail space. There are many reasons why retail space is changing, including e-commerce, the Covid effect, and rising labor costs, etc. Though in this Insights…

According to a recent CNBC article, for the first time in 25 years, the aggregate square footage of office space is shrinking. In other words, there is more office space that is being redeveloped or removed than being added. According to CBRE data, by the end of 2025, over 23 million square feet of office…

Already helping fuel a commercial real estate (CRE) recovery, and therefore part of the latest CRE “buzz,” is the demand for  Artificial Intelligence (AI) data centers.  As more companies, large and small, adopt AI, demand for more data centers will increase exponentially. Though data centers are most likely to locate in areas that provide access…