‘Office’ Archive

Speculative Construction: Northeast Perspective

For the first time in over 10 years, a significant quantity of speculative construction is taking place in many U.S. cities. Developers have demonstrated renewed confidence in market fundamentals by starting speculative projects in the northeast cites of Boston and New York.

The Corporate View of Sustainability

Sustainable real estate practices have become commonplace for any occupier that leases, owns, or operates corporate facilities. While the degree of emphasis placed on sustainability varies by organization, and is often tied to larger enterprise goals and objectives, a discussion about corporate social responsibility and being “green” is part of almost every occupancy decision made […]

Vacancy Rises As São Paulo Demand Grows

Over the last year and a half, São Paulo vacancy has jumped 3.1 percentage points for all CBD class A properties. Historical analysis of vacancy rates show that 15% is the market’s equilibrium point, so in second quarter 2014 São Paulo officially became a tenant’s market.

Sticker Shock for Landlords and Tenants in D.C.

As of January 1, 2015, commercial office building taxes will be assessed using a pooled market value—a comparison of similar properties to recently sold assets of the same class and submarket. This marks a sharp change from the current method that considers factors such as current vacancies and tenant roll-over, concessions offered, and building profitability, […]

Brazil Post World Cup

The World Cup ended on Sunday and despite their loss the early consensus is that Brazil was generally well-regarded as host by the international community. The next big hurdle that awaits Brazil are the Olympic Games in 2016. While Brazil can take a sigh of relief now that one of their major forays onto the […]

BRICKELL CITY CENTRE – The Best is Yet to Come

Brickell is not only transforming into a true 24/7 city, but attracting worldwide recognition. Innovative skyscrapers have helped brand it as one of the most prestigious neighborhoods in the county. There is a collection of cool and low-key bars and boutiques that are magnets for young professionals. The culturally heterogeneous mix of people that live […]

Bayou City Outpaces The Nation

Houston’s economy continues to add jobs well above the pace of the nation and in other large metropolitan areas. The unemployment rate in April was 4.6%, far below the national rate of 5.9%, with more than 85,000 jobs added over the last 12-months. The rate of job growth has averaged between 3% and 4% since […]

Live-Work-Play Model: The Hipsterfication Of Los Angeles

Los Angeles has a limited supply of funky brick-and-timber buildings ready to repurpose. Despite this scarcity, there is an abundance of single-story, stand-alone concrete buildings in soon-to-be-hip areas that can serve as incubators for the start-up creative companies that crop up on a weekly basis throughout the city.

Record Developments Rise As Demand Wanes Across Canadian Central Markets

With almost 14 million square feet (msf) of new office developments rising in central Canada, this is the hottest development cycle in over 20 years. Particularly active markets include Vancouver, Calgary and Toronto, where downtown developments under construction total almost 11.6 msf. What is of concern is that this is occurring simultaneously to a pronounced […]

Rising Skyline: New Construction Rent Premium

Construction activity in Manhattan is the highest it has been in over two decades. The resurgence of new development will have a substantial effect on the overall market in terms of both vacancy rates and pricing. • Delivery of new product usually causes a spike in vacancy and in average asking rents—particularly in older/less desirable […]