Covid-19 has led to a boom in the commercial lab real estate market

If you work at Twitter (TWTR), you might be able to work from home “forever.” You also have a pretty good chance of sitting in your home office permanently if you work for Facebook (FB) where CEO Mark Zuckerberg has said he expects half the social network’s staff to be remote within the next five to 10 years


Load Error

But, if you’re working in a lab developing a Covid vaccine, you’re still going into the office. 

“You can’t do life sciences from a remote location. You can’t do experimenting in your kitchen or your living room like many people can in the office world, “ Adam Sichol Managing Partner at Longfellow Real Estate Partners told Yahoo Finance.

While many tech companies have been right-sizing their real estate needs during the coronavirus pandemic — take Pinterest (PINS) which paid nearly $90 million to get out of a San Francisco lease — real estate firm CBRE reported last fall that total commercial laboratory space has grown by 12{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} in 2020 to 95 million square feet. Another 11 million square feet is currently under construction.

“We’ve seen a rise in demand for life science

Read More

Home Improvement Business Boom

RALEIGH, N.C. – Since the pandemic began, businesses in the home improvement arena have seen an unexpected bump in business.

The owners of a Raleigh-based cabinet business have had an unbelievable year even though the pandemic threatened to take all of their success away. 

Ashley Hall is the founder of Lexie and the Chi, a cabinet renovation business. She says at first they were worried customers wouldn’t need their services. To their surprise, they were wrong. 

“I think people had had several months of being at home, seeing different projects,” Hall says. “Also I think that a lot of our clients have said they didn’t go on vacation, they aren’t doing a lot of traveling and so they have a little bit of disposable income and this is the perfect time to do it.”

Lexie and the Chi’s social media pages show off their masterful transformations, one of Hall’s favorite parts. 

“It’s seeing the transformations , for sure, the before and after, and being able to give that to our clients.”

Hall says they are booked out through March at this point and in a typical year, get lots of phone calls after the new year. 

Hall also says many

Read More