‘Office’ 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 […]

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 […]

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 […]

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, […]