From Tysons Corner, to Downtown Bethesda, to the District’s Mount Vernon Square, towering cranes are dotting the landscape, signaling growth and development. Despite an unprecedented amount of available space in some parts of the Metro area, tenants are opting for new buildings with the latest green technology, open & collaborative space, the most efficient use [...]
By Eric Berkman and Andrew Asbill Capital Markets, Washington, D.C. The champagne at election-night celebrations had barely lost its fizz when Senator-elect Tim Kaine of Virginia gave a sobering warning about the fierce financial hangover that is looming. Talking to Matt Lauer on NBC’s Today Show, Kaine reminded us that the fiscal cliff will still [...]
Can a silver lining be found within the sputtering U.S. economy? After showing tepid positive momentum, growing at an annual rate of 2.5% in the second half of 2011 and 1.9% in the first quarter, the U.S. economy has waned. Now added to the uncertainty of the European debt crisis and anemic U.S. job growth [...]
On Thursday morning, the Senate Homeland Security and Government Affairs Committee considered a bill that would streamline the disposition of underutilized or excess Federal Real Property. The Federal Real Property Assert Management Reform Act (S. 2178), which Senator Tom Carper (D-DE) introduced, if enacted, would remove many of the administrative requirements that make the disposition [...]
The office market in the Washington, D.C. Metro region was off to a slow start in 2012, with leasing activity down from last year at this time in both the Downtown and suburban markets. Negative absorption of 452,000 square feet (sf) in the District marked the second consecutive quarter of decreased absorption. The CBD submarket [...]
As we approach the end of another year, the U.S. economy continues its measured recovery. Gross Domestic Product grew at a 2.5% annual rate in third quarter 2011, bolstered by consumer spending, investment and exports, and a 1.1% year-over-year increase in non-farm payrolls that resulted in a net gain of roughly 1.5 million new jobs. [...]
Northern California, that is. What’s happening in the San Francisco Bay Area and Silicon Valley? Let me give you the short and sweet version. San Francisco job growth was 1.3% through August and job growth was a whopping 2.4% in Silicon Valley. This growth is not fake, fake, fake, like the dot.com era it’s real, [...]
This latest recession took an especially large toll on the U.S. Industrial markets. While the overall economy lagged with a 3-4% contraction, the Industrial Production Index (production excluding technology) showed a peak to trough drop of 18%. This monumental drop in the industrial markets has had a drastic effect across all transportation sectors and modes. [...]
An old boss used to say, “these charts aren’t complicated, when the line goes up things are good and when the line goes down things are bad.” Perhaps a tad simplistic but when we look at the old supply – demand paradigm as it relates to real estate, there’s little doubt that when vacancies are [...]
21st October 2010 While leasing has improved nationally from third quarter, 2009 to the present, there are differences in the pace of improvement between and within markets and certainly between CBDs (Central Business Districts) and Non CBDs (suburban markets). In the CBDs leasing is up 31.6% year over year while in the suburbs it is [...]