May 17, 2016
Healthy Economy Requires Updated Real Estate Strategy
Cushman & Wakefield published the U.S. Macro Forecast this month with promising news. Many key factors in the overall health…
Category: Tenant Intelligence
August 28, 2014
E-Commerce Tenant Demand
E-Commerce companies are becoming a powerful force in logistics based real estate decisions. Logistics based decisions are made with the…
April 27, 2014
Owner/User Buyers – Back in the Market!
Major advantages to the buying decision are flexibility, agility and possible gain on the value of a building asset. A company with good credit that purchases a building, leases it to themselves and then places it on the market for sale can potentially achieve a substantial profit.
August 1, 2013
How to Build a Collaborative Office Space Like Pixar and Google
How can you build a collaborative work environment in your company? Firms like Pixar and Google have demonstrated the power of a good work environment. Collaboration can bread success and it is worth spending some time to layout your office in a way that fosters it. This article takes a brief look at the topic and gives some insight on how to bring it out in your office setting.
June 14, 2013
The Search for Yield…
Currently I have been working on several purchase requirements and as I read a recent article from our Research Director I found it very relevant. In the article, Garrick Brown discusses some of what is happening in the investment markets. I would agree that investors are both looking for yield but they are also still very adverse to risk. This is still creating a lot of demand for core assets. If you are willing to take risk then you’ll look outside of the core to increase your yield but if you are not willing to take risk then it can be difficult to achieve an acceptable return. For a good read on some current trends in the investment market, read the enclosed article on Searching for Yield…
April 6, 2013
Job Growth is the #1 Driver of Commercial Real Estate
Job growth is the number one drive of Commercial Real Estate. For the last two months, we’ve been sending out updates on what the U.S. employment market looks like. In March, we gave a more detailed report while April gave a different perspective on where that growth was happening. We found it interesting to see which markets are producing new jobs.
March 26, 2013
Current Trends in Office Space
Companies expect more from open-plan offices – more teamwork, productivity, and satisfaction. Do they get it? Read more in my post on the trends of moving toward and open-plan and shared spaces and how it mimics what corporations are doing with their office space. Is it a trend or the new standard, see what is involved in that decision…
February 20, 2013
The Office Building of the Past and Future
You may have noticed that the office buildings in your marketplace are changing. Landlords are spending money to update and make their assets more sustainable. We are seeing the focus move from the traditional office work to mixed use. Looking ahead, the focus is not on new buildings but rather existing buildings and how to reposition existing properties to make them more competitive with today’s standards. This post sheds some light on this and how Cassidy Turley is helping Landlords with their valued assets.
January 25, 2013
Q4 2012 Office Market Posts The Stongest Quarter in Five Years
Demand for office space surged in the fourth quarter of 2012 posting the strongest quarter of demand for office space since pre-recession 2007. The job numbers have been healthy for quite some time but it wasn’t till the fourth quarter did we see the demand play out. Given the fiscal cliff scenario, the fear of a relapse into recession may be behind us. Asking rents rose 1% when compared to Q4 2011. While this is still a tenant’s market, vacancy is eroding. We estimate that we still need to decrease another 200 bsp before landlords can really push rents. The national rent growth is being pushed by a hand full of West Coast, tech-driven markets as well as the New York City market. Furthermore, we are seing companies functioning on less space per employee. That number has declined from 225sf to 176sf per person in 2012. We estimate that this could fall to as little as 151sf per person by 2017.
January 16, 2013
It’s Now 2013: Do You Know Where Your Lease Is?
A lot happened in the real estate markets over the 2012 year. Is a lease audit one of the top five tasks you do each year? Did you know that your lease is one of the top five expenses for your company? Every CFO or real estate decision maker should conduct an annual lease audit to stay current with your lease and compare it with the current market.