Economic Newsย
Who Foots the Bill for COVID Buildingย Changesย
Incremental operating costs for office buildings could increase by at leastโฏ$19.40/SF or 5.8 percent of average annual office rents at the beginning of 2020, according to a recentโฏreport from consulting firmย Deloitte. These incremental costs could varyโฏbased on the measures taken at each propertyโฏand the quality of materials used. But whether these added costs are the responsibility of the owner or the tenant will largely depend on the terms outlined in each lease. (Source:ย National Real Estate Investor)ย
Resourcesย
Maricopa County Small Business Grant Opportunitiesย
A number ofย Small Business Grant Opportunitiesย remain available for businesses inย Phoenix,ย Mesaย and the rest ofย Maricopa County.ย Interested parties should follow the link(s) relevant to their location for more information.ย (Source:ย City of Phoenixย Community and Economic Development)ย (EMAIL. NO LINK TO SOURCE)ย
Municipal Access and Operations Updateย
On July 24th,ย Rose Law Groupย published its regular update of municipal and county office, public meeting and planning and development access. The listing now includes an overview of individual officesโ face mask policies. (Source:ย Rose Law Group Reporter)ย
Otherย
Impacts on the Office Environmentย
Rarely have changesย to the look feel and function of office spacesย been the result of some catastrophic event. Until now.ย Brooke Carroll,ย associate partner atย McCarthyย Nordburg, andย David A. Hobart Jr.,ย principal and design director forโฏMcCarthyย Nordburg, providedย AZRE Magazineย with their thoughts on how the pandemic will change the office environment.ย (Source:ย AZ Big Media)ย
COVIDโs Impacts on Affordable Housing Designย
As theย coronavirusโย grip continues into the summer and fall, affordable housing architects are thinking about ways their projects can meet the changing health and lifestyle needs of residents.ย The 5 primary impacts are: 1)ย Individualized spaces with private entrances, 2) Improved internet connectivity, 3) Socially distance community spaces, 4) Walkability and outdoor access, and 5) Touchless features, fixtures and finishes. (Source:ย Affordable Housing Finance)ย
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