Tag: Tenant Intelligence

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.

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.

October 15, 2012 Off

A Lesson in Value For Tenants From Single Tenant Net Investments

By Chris

Cassidy Turley Northern California has just released our Fall 2012 Single Tenant Net Lease Investment Report. This report tracks national trends within the commercial real estate investment market with a special focus on single tenant net lease properties. Understanding the sale market and value that your lease has on a building can shed light on your next lease negotiation…

September 6, 2012 Off

US Economic & CRE Outlook Webcast: A Big Fat Pause in the Recovery

By Chris

Cassidy Turley’s Chief Economist Kevin Thorpe recently spoke on a company webcast. Mr. Thorpe covered Cassidy Turley’s perspective on the U.S. Economic & CRE Outlook. The presentation was titled, “A Big Fat Pause in the Recovery.” In this post, I summarize what was covered and provide a link for you to listen to the presentation.

March 22, 2012 Off

What Color Is Your Lease?

By Chris

Green leasing is becoming an increasingly popular concept – one that evokes images of buildings that use no energy, where every space has an operable window and solar powered robotic vacuums quietly recycle water bottles and compost leftover lunches. Although these buildings don’t exist yet, the idea that a “green” lease will somehow make it so is a common misconception. So what is a green lease? How can you tell? And perhaps most importantly, how much will it cost?

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.

September 14, 2011 Off

LEED-CI: Making Green or Just Spending It?

By Chris

Productivity – It’s our buzz word these days. Everyone is doing more with less. Green thinking is popular, but does it fit into business reality? Read on to learn how you can make environmental decisions with your physical space that actually improve your company’s performance … your brand, your people and your facilities.

August 17, 2011 Off

Hunker Down or Move Ahead?

By Chris

With the volatility in the stock market last week, many of us are wondering what’s next. I’ve been writing about the increase in jobs in the economy and the venture capital boom as fundamentals pointing toward a slow but steady climb out of the recession. What should we do then with the downgrade of our U.S. credit rating and wild stock market activity last week? Should we hunker down and stop spending altogether or continue to move forward making business decisions as wisely as we can?

June 15, 2011 Off

Will the Labor Market Affect Your Rent?

By Chris

Depending on where you are located, you may see rent increases as the labor markets begin to tighten. Our latest Cassidy Turley Employment Tracker 2011 presents the following data:
– The Top 5 Job Producing Metros
– An Employment Picture showing change in employment across the U.S.
– Regional Job Market Summaries across the country