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With summer in full swing, being outside and enjoying the weather is a top priority. For office workers, it’s a source of disappointment and yearning. A common complaint of corporate employees is working through summer days –locked inside while the sun is shining in all its glory! After all, spending time outdoors and in the sun has been proven to boost our mood, making us happier, more productive, and healthier.

Modern technology has birthed “smart windows”, allowing for desirable views without killing the electricity bill in warmer summer months. The windows can adjust their tint based on the strength of the sun, preventing any window-seat employees from feeling like a fried egg.

The good news is tenants are aware of the need to provide their employees with a taste of the outdoors while working at their desks: recent studies show that “corporate tenants are willing to pay 6.1% more in rent for offices with abundant access to natural light.”

Location is important, but landlords are starting to realize that the added value of natural light boosts the marketability of a property and improves the likelihood that tenants will stay long-term.  An office property in Seattle was able to increase its rent by 16% after renovating their windows to smart windows.

Developers and Real Estate companies across the U.S. are starting to follow suit, modernizing current windows to attract tenants. A company in Ontario surveyed its employees after a move to a new office space that featured smart window technology. With more natural light, these employees “were 5 times more likely to rate their workplace as healthy, had 5 times more pride in their company, and were 3 times more excited to go to work than they were prior to the move.”

Your business could be eligible for economic incentives. State and local incentives can provide significant savings for your business, big or small!

I’m a millennial, though just barely, but I have also been working at RESOURCE on the Office Services Team for over ten years now, and I have seen huge changes in the world of office space in response to the ups and downs of the economic climate these past ten years. The availability of money affected things.

I am pleased to present the 2018 RESOURCE Semi-Annual Market Report, prepared by our outstanding research and marketing teams. Our annual report provides insight into the commercial real estate activity in the Central Indiana market.

I was recently reading an article published on GlobeSt.com where Katy Welsh, ICSC Conference Committee Chair and Colliers International South Florida’s Senior Vice President of Retail Leasing Services, was interviewed on the Top 5 Retail Sectors projected to grow in the next five years.

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