Rents aren’t the only thing on the rise, the increase of tenant improvement costs are also on the rise and they do effect new lease deals. I share a recent report that I received from a Bay Area construction company to pass along where full build out improvement costs are coming in at in three Bay Area regions. In addition to the costs of tenant improvements, I also point out how recent code changes are one of the areas contributing to the increases in tenant improvement costs. Click on this post to see the rest of the article and the Bay Area tenant improvement cost report.
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.
New Lease Accounting Rules The new lease accounting rules will fundamentally change the way leases are recognized on a company’s…
Do you have an upcoming lease that is going to expire within the next 18 months? Planning for your next lease expiration takes time and the planning process can give you an edge. See the full blog post to understand why you need to plan so far in advance.
Trying to save money for your company? Our latest macro forecast will give you an edge by shedding light on how things are shaping up for 2017 and into 2018. This article should be helpful to both Corporations and Investors/Users looking to make thoughtful and calculated real estate decisions over the next 12-18 months.
Despite an intense domestic political environment, the U.S. economy and the property markets continue to perform well. Click on the link to see the whole post and the attached report.
The US economy and property markets withstood a very turbulent 2016 and they are positioned to perform well in 2017. See the rest of the post and our National Forecast Report for January 2017.