Busy places can create vibrant, lively and enriched experiences. They build connectivity and spark energy. And can even influence financial performance for investors and businesses. So, what does ‘being busy’ mean for a building? And how do you measure that? Introducing the Office Busyness Index -- the analytics behind building utilization: https://ow.ly/jRyB50SEvTs #Office #AVANTbyAY #AYOfficeBusynessIndex #AYdifference
Avison Young | US
Real Estate
Insight driven by collective global intelligence that delivers value & competitive advantage in commercial real estate
About us
Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. Our local expertise across the US, paired with a global network of collective intelligence and some of the smartest technology in the industry, works to your business benefit. Let’s collaborate on your next commercial real estate success story. Connect with Global Avison Young insights wherever you are: X: @avisonyoung and for listings, check out @AYListingsDeals Blog: http://blog.avisonyoung.com YouTube: www.youtube.com/user/AvisonYoungRE Instagram: @avison_young_global
- Website
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https://www.avisonyoung.com/
External link for Avison Young | US
- Industry
- Real Estate
- Company size
- 1,001-5,000 employees
- Headquarters
- Chicago
- Type
- Privately Held
Locations
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Primary
Chicago, US
Employees at Avison Young | US
Updates
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As we move through this holiday week, we’re reminded of how much the workplace has changed -- and how far we’ve come. The rallying cries to return to the office have softened, giving way to acceptance and innovation. The office isn’t dead; it’s different, and that’s okay! Our Office Busyness Index shows a clear trend: companies are finding new rhythms, with office utilization up by over 12% year-over-year with an 81.9% return to pre-pandemic office usage in industries like engineering and architecture. According to our U.S. President, Harry Klaff company policies and employee preferences will continue to evolve. He says the “time has passed in terms of setting Labor Day as the ‘goal post’ for RTO efforts,” but the data shows increases in office busyness every September since the start of the pandemic." Bisnow: https://lnkd.in/d39AuU7N #Office #AYOfficeBusynessIndex #Hybrid #AYdifference
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Office amenities matter: Charleston's Downtown submarket reflects regional tenant preferences https://lnkd.in/dgrvViBZ What’s driving tenant decisions in 2024? According to our South Region broker sentiment survey, it’s all about convenience and lifestyle. Restaurants, cafes, and walkable amenities top the list, with 78.6% of brokers calling them “very important.” 🍊🥗🥤 In Charleston’s Downtown, the demand for Trophy properties is sky-high, with only 3.2% availability. Tenants want more than just office space -- they want vibrant experiences! #Charleston #Office #AYdifference
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The transformation of Avon Lake’s power plant site is underway, and we're proud to be a part of it! With 43 acres of prime lakefront property up for redevelopment, we’re excited to bring new life to this incredible space. Imagine a future with a new beach, retail, offices, and more—right on the shores of Lake Erie. This is a chance to reshape our environment and community for the better. 🌅 Reach out to Don Lydon, Richard Shields, and Judson Martin. cleveland.com: https://lnkd.in/eTFiyigt #RealEstate #Redevelopment #AYdifference
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Trophy assets lead office busyness revival across the U.S. https://lnkd.in/eJBgvvQ7 The numbers don’t lie -- trophy assets are where people want to be. 🏢✨ Our Office Busyness Index shows that these premium properties are outpacing the rest of the U.S., with markets like Miami, Austin, and Manhattan leading the charge. #Office #AYdifference
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2024 has been full of surprises in our industry! The trends have defied predictions from the unexpected strength of retail to the steady office recovery. As our Chair & CEO, Mark E. Rose, notes: change happens over time. "My biggest surprise was that industry participants were surprised by a recovery that didn’t appear in 2023 and has yet to recover in 2024. Change starts incrementally and then takes off, but it happens over time. If you followed previous cycles, office recovery was to start this year and take a few more years." Read more with Commercial Property Executive here: https://lnkd.in/emir5DnD #Retail #Office #CRE #AYdifference
CPE Executive Council: 2024's Surprising CRE Trends
https://www.commercialsearch.com/news
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Grocery-anchored centers are prized for their stability and resilience, thanks to the steady foot traffic from essential retailers. As these centers evolve, we're seeing a shift toward mixed-use developments, sustainability efforts, and tech integration, enhancing the shopping experience. Cameron Baird shares with Commercial Property Executive that these centers are among the most successful in California and nationwide. “Because of the internet, the resilience of grocery retail visitation tends to be higher. Generally, these centers tend to have less turnover, less vacancy and higher profitability than other retail assets.” https://lnkd.in/emjzzp8H #Retail #CRE #AYdifference
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Avison Young | US reposted this
I’m thrilled to share that I was recently featured on the Crexi Podcast, where we delved into the dynamics of the Philadelphia real estate market and explored how cultivating market-wide expertise can drive success. It was a fantastic opportunity to discuss the latest trends, share valuation insights, and take stock of my commercial real estate career (did you know most people don't call me Adam?) A huge thank you to the Crexi team for having me on and to all who support and engage with this podcast. Tune in to hear more about our conversation and gain some valuable market insights. Looking forward to your thoughts and discussions! 🔗 : https://bit.ly/3T6iSP7 Avison Young #PhiladelphiaMarket #MarketInsights #InvestmentRealEstate #CapitalMarkets
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The lab space market might be cooling off, but don't let that fool you -- it's just the calm before the storm. “Demand for lab space is the lowest it has been in the past 10 years,” Tucker White tells Commercial Property Executive. Venture capital is ramping up, and with it comes a wave of new opportunities for innovative companies. As the market adjusts, we're seeing a golden chance for life science companies to secure prime real estate at unbeatable rates. https://lnkd.in/ek8R7vXM #LifeSciences #RealEstateInvesting #AYdifference
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Smaller U.S. industrial spaces outshine bulk sector amid inventory shortages and evolving tenant preferences https://lnkd.in/e8cxjr2S Bigger isn't always better. In fact, it's the below-100,000-sf industrial assets that are stealing the show. As the market faces an oversupply of larger products, vacancy in these smaller spaces outperforms the modern bulk segment. With fewer speculative groundbreakings on the horizon, tenants with an eye on speed to market are snapping up these turnkey spaces, pushing vacancy even lower. Developers take note: the demand for smaller industrial units isn't going anywhere. #Industrial #AYdifference