Author: Chris

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.

It’s Now 2013: Do You Know Where Your Lease Is?
January 16, 2013 Off

It’s Now 2013: Do You Know Where Your Lease Is?

By Chris

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.

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.

A Lesson in Value For Tenants From Single Tenant Net Investments
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…

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

Let’s Celebrate Independence Day
July 4, 2012 Off

Let’s Celebrate Independence Day

By Chris

As you are preparing for your neighborhood parade and back yard get together, I thought it would be appropriate to brush up on a little 4th of July history so you can share it with your family and friends. A quick summary of our Independence Day holiday is below but the entire article can be found in the link at the end of this post. Enjoy the day as you celebrate our independence. Also, a special thanks to all of our veterans and soldiers who serve and protect this great country. Happy 4th of July.

U.S. Macro Update for June 2012
June 15, 2012 Off

U.S. Macro Update for June 2012

By Chris

“What are you seeing in the market?” is the question that I hear the most from my clients. An excellent midyear status check up can be found in our U.S. Macro Update which was just released by Cassidy Turley’s Chief Economist, Kevin Thorpe. This blog post summarizes that report.

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.

What Color Is Your Lease?
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?