‘Office’ Archive

Law Firms: Moving On Up

Law firms are on the move in search of greener pastures. Shades of green range from trendier neighborhoods, closer proximity to amenities, new development, and greenest of all: reduced real estate expenses. While the increased desire to relocate has not translated into a surge in leasing activity, the number of relocations has outpaced renewals in […]

Downtown Toronto’s Explosive Evolution

With weak commodity prices choking off growth in Western Canada, and both Montreal and Ottawa deep in demand doldrums, downtown Toronto stands out as the lone wolf – the hottest market in the country. It’s hard to say whether it’s good timing or fortuitous circumstance, given the downtown market is in the midst of a […]

Washington, D.C. – No Longer Just a Government Town

Washington, D.C. is finally beginning to shake off the effects of sequestration, government dysfunction, and the overall economic slowdown seen during the period from 2012 through 2014. During this time the Washington, D.C. office market was categorized by rising vacancy rates, subdued leasing activity, and negative absorption – something not often seen in the downtown […]

Here’s Why 20% Office Vacancy Doesn’t Matter

Earlier this year, we reported on the resurgence of Downtown Los Angeles in recent years and the accompanying strength of the office market. Our Los Angeles Research team found this strength continued into first quarter 2015. In the Central Business District, direct vacancy remained relatively flat at 20.8% with a small amount of occupancy losses […]

Gone To Texas: Headquarter Relocations And Expansions Are Transforming The Dallas-Fort Worth Economy

The North Texas region is a hot spot for economic activity. Nearly every week an announcement is made in the media that another company has selected the Dallas-Fort Worth (DFW) area as their new home. The sheer number of headquarter relocations and other corporate expansion projects underway are transforming the local commercial real estate landscape. […]

A Possible Turning Point In Mexico City Office Indicators

Office overall absorption in Mexico City has consistently surpassed completions in recent years. However, new delivery records will be broken in 2015, which points to a possible turning point in office real estate indicators. In the first quarter of this year, the overall vacancy rate was up by 7.9% when compared with that of the […]

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 […]

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 […]