Tag: Office

January 25, 2013 Off

Q4 2012 Office Market Posts The Stongest Quarter in Five Years

By Chris

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.

Fiscal Cliff Impact Scenarios for Commercial Real Estate
December 18, 2012 Off

Fiscal Cliff Impact Scenarios for Commercial Real Estate

By Chris

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.

The Greenest Government Building Ever
May 4, 2012 Off

The Greenest Government Building Ever

By Chris

NASA just finished its latest effort, a 50,000 sf office building at the Moffett Field Ames Research Center in Sunnyvale, California. It is being advertised as the “greenest” federal building. For years now, commercial office buildings have been the focus of sustainability groups and the next big push for making our world a more environmentally friendly place to live and work. It is true, there is a lot of energy to be saved and we can still improve upon the standards we all live by in our commercial buildings. NASA may have just set the bar for all of us.

Why Do Market Reports Matter?
November 16, 2011 Off

Why Do Market Reports Matter?

By Chris

You meet with your commercial real estate broker or talk on the phone and he gives you a market report for your area. Why? Isn’t it his job to know all those rent, vacancy and absorption numbers? Why should you care? The answers are important for your current and future business and may help you make business decisions aside from real estate.

2nd Quarter Market Reports
July 27, 2011 Off

2nd Quarter Market Reports

By Chris

Our Office, Industrial and R&D reports for the second quarter are now all available. We are seeing healthy trends in…

Venture Capital Picks Up Speed
July 15, 2011 Off

Venture Capital Picks Up Speed

By Chris

Our Cassidy Turley Insights white paper on venture capital provides encouraging news about the economy and where the largest economic engines for the future may come. Though jobs creation dipped in May and remains the biggest concern to the economy, some of the greatest increases in office occupancy are happening in markets leading in venture capital (VC) funding and activity.

2011 Northern California Market Overview
April 18, 2011 Off

2011 Northern California Market Overview

By Chris

Annually we produce a Commercial Real Estate Overview of Northern California. For the last two years we have published this in an e-book format. Click on “Read Full Story” and then the book in this post for the latest economic information for the Tri-Valley. National market data is also available.

Should You Race For Space?
February 9, 2011 Off

Should You Race For Space?

By Chris

Should you race for space? Russ Banham of CFO Magazine thinks so. He very eloquently points out in his article…