Tenant Intelligence

Commercial Real Estate Resources for Savvy Corporations

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Posted by Chris Comments Off on Cassidy Turley is now DTZ!

Throughout the end of last year, change has been in the works here at Cassidy Turley. In November 2014, we were purchased by a private equity firm who also acquired an internationally known tenant representation firm DTZ. With the merging of our two companies under the new private equity ownership, we will now be the third largest commercial real estate company in the world taking the name DTZ as our own. As an Intelligent Tenant, this will positively impact you…

Posted by Chris Comments Off on We <3The Bay Area

         

Posted by Chris Comments Off on 2014 Reasons to be Optimistic in 2014

For many of us, 2013 ended up closing with less than stellar results. Will 2014 be a better year? We share our perspective on why 2014 may be a better year for the commercial real estate market.

Categories: Market
Posted by Chris Comments Off on Q4 2013 Market Update – Positive Abosorption But Less Than Expected

According to Kevin Thorpe, Cassidy Turley’s Chief Economist, office vacancy across the U.S. is “clearly tightening, but at a rate that is much slower than past recoveries. Steady job growth and lack of new development has vacancy falling in 70% of the country, but the office sector is still adjusting to the new era of tenant downsizing and space efficiency.” We anticipate tenant activity levels will pick up in 2014 over 2013 but like our economist notes, we have the trends of downsizing and space efficiency keeping our growth down to a moderate pace. This post covers some of the stats for 2013 for the Bay Area Commercial Real Estate market.

Posted by Chris Comments Off on 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.

Categories: Tenant Intelligence
Posted by Chris Comments Off on 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…

Posted by Chris Comments Off on 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.

Posted by Chris Comments Off on 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.

Posted by Chris Comments Off on Fiscal Cliff Impact Scenarios for Commercial Real Estate

On Friday December 14th, Cassidy Turley released research examining the impending “fiscal cliff’s” impact on commercial real estate markets across the country. In this post, the fiscal cliff is defined and several scenarios are discussed. We also take our market research platform and discuss the impact to 30 different markets across the country. You can download the report by following the link or you can read the summary in this post. As always, let me know if you have any questions or comments.

Posted by Chris Comments Off on Cassidy Turley Releases Its National Q3-2012 Office Reports and Outlook

Cassidy Turley just recently compiled its market reports for Q3-2012. I have included both the National and East Bay Pleasanton reports for the office markets. In Northern Califoria alone, Cassidy Turley publishes over 50 market reports covering Office, Industrial, R&D, Multifamily, Retail, and Life Science industries to name a few. If you need a specific report, please don’t hesitate to send me an email and I’ll gladly forward it to you.

Categories: Tenant Intelligence