‘Americas’ Archive

Select South American Markets On The Rise

While much of the world’s spotlight has recently been focused on Brazil, the commercial real estate markets for Colombia and Peru, in particular, have been performing notably well and are forging a much stronger presence on the world stage. Spurring much of this commercial growth is GDP. In 2014, the Colombian economy grew at a […]

Queuing Up For Office Development In San Francisco

With all due respect to Austin and its unofficial city motto, San Francisco had the “keep it weird” rallying cry long before that upstart. It follows, then, that development of almost any sort has been a tricky prospect for many years in this progressive city. Yet it does occur albeit under the close scrutiny of […]

Ports Of Los Angeles & Long Beach: The Aftermath – Back To Normal?

Negotiations to replace the ILWU-PMA contract that had expired in July 2014 dragged on far longer than anyone had anticipated. After nine months of negotiations that contributed to monumental cargo backlogs at West Coast ports, the ILWU and the Pacific Maritime Association finally agreed on a tentative five-year contract in February and the tentative agreement […]

Brazil: A Sort Of Quagmire

On February 8th, The Economist printed a major article entitled, “In a quagmire,” about recent economic events in Brazil. The article was on point, and does a good job of explaining what the country is going through; politicians wagging the dog, soaring inflation, eroding consumption, deteriorating fiscal accounts, corruption scandals (i.e. Petrobras), and a major […]

Capital Flows Shaking Things Up In San Francisco

Capital flows continued to shake up the San Francisco office market in 2014. Deal volume set yet another record during the year while prices climbed to unprecedented highs thanks to more and more investors having a mandate to invest in the City by the Bay. Most interesting to note, however, is that in this cycle, […]

It’s Going Down – A Wave of Redevelopment to Lure Tenants Back to the CBD Submarket?

In recent years D.C. has seen a number of its largest, most prominent, tenants shifting eastward to be in or around new developments in the Metro Center, Gallery Place, and Mount Vernon triangle areas. Covington & Burling was the first, shifting its address from Pennsylvania Avenue to mega-development CityCenter DC. This year, Norton Rose Fulbright […]

Boston: Room to View at the Top

As the Boston CBD began recovering from the last recession, an interesting shift occurred in its 29.36 million square feet (msf) class A tower market¹. Low-rise space (floors below the twentieth) is now in higher demand than high-rise space. Traditionally, high-rise product was quickly absorbed from the market by stalwart tenants in the financial and […]

Data Center Snapshot

The U.S. data center market exhibited a robust year of leasing in 2014, building from leasing momentum established late in 2013. The most vibrant markets were Dallas and Northern Virginia, with each geography tallying nearly 40 MW of new data center leases. Dallas, in particular, captured some of the largest wholesale deals in the country […]

Prices Have A Say In Mexico City’s Office Market

What makes a real estate market attractive? Is it high profits for developers? Highly competitive prices for tenants and demand-side investors? Naturally, these are significant drivers for market activity, but in both cases basic economics prevail: People are willing to take a higher risk in exchange for higher returns. Now, the tricky part is how […]

Atlanta’s Industrial Market Sees Record Construction Activity

Industrial construction activity in Atlanta increased dramatically in 2014 ending the year with more than 15 million square feet of inventory under construction, a new record for the market. Although build-to-suit development accounted for the majority of industrial construction activity in recent years (an average of 76% between 2009-2013), 2014 marked a major shift in […]