Category: Tenant Intelligence

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.

In the face of the tightest labor market in approximately 18 years, corporate occupiers are highly focused on talent acquisition and retention.  Results of a recent research survey entitled What Occupiers Want, revealed that finding and keeping top talent is the number one challenge for global organizations. Corporate real estate is increasingly becoming a significant tool to attract high-quality talent.  This alignment of real estate and business strategy is driving several critical trends, influenced by technology, that impact how space is designed and utilized. Click on this post to read about the five trends that we feel are shaping the current office market.

The pendulum is about to swing to occupiers. We have been in a Landlord favorable market for months now and occupiers have been feeling pinched when looking for or renewing their leases.  Most of the market cycles in the past 15 years have favored the occupier but that hasn’t been the case recently.  Rents have risen and vacancy is low but that is about to change.  We have seen vacancy inching upward in the past several quarters and rent growth is slowing down and it appears that occupiers will start to build some leverage over the next 12 months.