In the Tri-Valley, Q3 closed with a slow down in leasing activity and resulted in a negative net absorption in both the office and industrial markets. As a result, both segments saw an increase in vacancy and a decline in asking rents. See the whole post to read about the rest of the statistics and our outlook for both market segments.
Interest rates are on the rise again as the Federal Reserve raises the rate by a quarter-point and the money policy group believes rate bumps are needed to keep a strong economy humming along. The Fed Chairman Jerome Powell said, “Our economy is strong” and that “the overall growth outlook remains favorable.” Read the rest of the article here…
We recently came out with a report that compared 13 Cities across the US and reported on tenant trends. The trends observed were concessions (tenant improvements + free rent), parking, and office density. Please read on to see how these trends stack up.
Commercial real estate is tied to every segment of the economy. It’s one of the things that makes our business so dynamic and resilient. There is always demand from one sector or another. Today, every aspect of the economy is strong, driving growth in every one of our business lines.
Are you looking for ways to make your office space more efficient? Have you explored moving some of your workforce offsite so they can work remote? This is a trend that has been around for a while and it may or may not be the right thing for you to do. We cover this topic in this post, hope you enjoy the post.
We just released our new U.S. Economic and CRE Outlook. Did you know that we are now in the second longest recovery period and by next July (2019), we will be in the longest recovery every recorded? Nearly nine years into the current cycle, the U.S. economy is strong and all the signs say it’s getting stronger. The leading indicators that correlate well with the property markets are in excellent shape.