The national office vacancy was 20.5 percent as of Q2 2023 according to JLL. The office sector is facing persistent challenges associated primarily with the work from home movement and functional obsolescence. The remote or hybrid work model has caused a structural change in the way tenants view and utilize their space needs. The office …
Media headlines of bank failures, the Federal Reserve’s continued interest rate hikes, a coming wave of distressed real estate, and the threat of an impending recession have caused uncertainty, and the amplification of a doom and gloom market outlook that creates unnecessary anxiety. This anxiety has spilled over to the consumer as 79 percent of …
Announcements by the Fed regarding monetary policy changes, bank failures, and elevated interest rates have caused many commercial developers and investors to pause and reevaluate their paths going forward. Excluding the office sector, market fundamentals of occupancy and rent growth have been good in most property sectors. However, the current market is full of uncertainty …
Challenges facing investors today include navigating the ever-shifting macro-economic environment. However, even with macro-economic uncertainty, commercial real estate fundaments remain on good footing. Market uncertainty is just causing developers & investors to pause in order to recalibrate their strategies. The local commercial real estate market remains active although sales activity might be slowing. Below is …
A volatile stock market combined with rising interest rates, elevated gas prices and a 40-year high inflation have impacted all of us over the past six months. However, even with current macro-economic uncertainty, commercial real estate fundaments remain on good footing. Current market uncertainty is causing developers & investors to recalibrate their strategies. The good …
It’s hard to believe we are past the halfway point of 2021! We thought we would share a few macro and micro economic observations with our clients, friends, and associates. Over the past year, the COVID-19 pandemic has served to accelerate the use of technology, which has led to the growth of online shopping as …