Author: FM College Admin

During October, overall consumer confidence declined, primarily due to elevated interest rates. In the US, the Consumer Confidence Index (from The Conference Board) declined moderately in October to 102.6, down from an upwardly revised 104.3 in September. Negative retail sales figures for the eurozone suggest consumer spending likely contracted in the third quarter and imply…

Cities today are at a crossroads: most urban residents believe that their city provides a great experience, but two out of three urban residents believe we should completely rethink city life for a post-pandemic world. For Gensler’s Spring 2022 City Pulse Survey, we surveyed 12,500 residents of 25 urban centers around the world to understand how…

Only one in five UK businesses (20 per cent) are ‘wholeheartedly’ embracing digital-led building maintenance, according to a recent poll by SFG20, the industry standard for building maintenance specifications. The poll also revealed that from the remaining businesses, almost half of businesses (40 per cent) are in the early stages of adopting digital-forward technologies in their…

Editor’s note: This is the first article in a two-part series on 2024 predictions. Stay tuned for Part 2, covering the industry’s biggest opportunities, on Thursday, December 21st. With such a diverse and demanding job, facilities managers are constantly facing challenges old and new. Case in point: Consistent budget constraints and a (hopefully) once-in-a-lifetime global…

  As many as 2,373 retail stores are set to close across the United States, according to a Business Insider magazine tally of announcements by major retailers in 2023. At the top of the heap is Bed Bath and Beyond, which declared bankruptcy and has embarked on closures of nearly 900 stores. Other headliners include…

  It’s no secret that the COVID-19 pandemic has reshaped our expectations for work and flexibility. The pandemic-induced paradigm shift, which catapulted remote work into the mainstream, has prompted a fundamental reconsideration of the traditional office environment. Where companies used to require more space, hybrid work models have lessened the need and therefore the desire…