Downtown Cleveland is thriving in 2024! Office return rates hit a new high, with overall foot traffic up! Apartment occupancy is at 91%, and airport travel is up 8% YTD. https://lnkd.in/eThJivVe
City of Cleveland - City Hall’s Post
More Relevant Posts
-
As companies continue to navigate their return to the office, they’re looking for the highest quality space, but are expecting rents to be half off based on the headlines people are reading. In Denver, we’re seeing a “Tale of Two Cities.” Hughes Marino Denver executive vice president, Lindsay Brown, tells of this divide, offering tips on how to navigate the bifurcated Denver real estate market. Brown shares that in today’s market, it’s essential for tenants to have a trusted, unconflicted and experienced advisor who knows not just what space is listed as available, but also where a great lease or sublease can be created. Learn more in our latest article!
Denver’s Tale of Two Cities: 6 Strategies to Secure the Best Space in a Challenging Market
https://hughesmarino.com
To view or add a comment, sign in
-
The recovery of Calgary’s Downtown office market held strong during the second quarter of 2024. Overall availability – and particularly the vacant component – of Downtown office space posted another quarter-over-quarter decrease as we closed the first half of 2024. Just under 208,000 square feet of head lease space was taken through the second quarter, bringing the vacancy rate down even further. We also saw an uptick in new space marketed for sublease, sub-sublease and/or office share, which caused the overall availability rate for the Downtown to increase slightly. With the Downtown market continuing to demonstrate signs of overall health, many tenants have found themselves facing increased costs related to moves and expansions as they approach the ends of their leases. Read the complete report: https://lnkd.in/gUgvipnj #commercialrealestate #downtownofficeleasing #calgary #downtownrevitalization
To view or add a comment, sign in
-
-
🌆🎉 Exciting Times at The Cheesegrater: A Peek into the City of London’s Real Estate Market 🏙️ ㅤㅤㅤ 📉 The pandemic has led to empty office spaces and a decline in commercial real estate occupancy rates in London and other major cities. This trend could have a lasting impact on the future of work and city landscapes. ㅤㅤㅤ 💼 The shift to remote working and hybrid work models is reshaping the way we view office spaces and their potential uses. It’s a time of transformation and adaptation in the real estate industry. ㅤㅤㅤ 📈 Despite challenges, there are opportunities for creative solutions and new ways of utilizing commercial real estate. The future of city centers and commercial properties is evolving. ㅤㅤㅤ 📰 Follow us to stay updated on the latest trends and insights in the real estate market as we navigate through this period of change. Don’t miss out on the exciting developments ahead! ㅤㅤㅤ #RealEstate #CityLiving #CommercialRealEstate #FutureOfWork #Transformation ㅤㅤㅤ
City of London's empty offices are gripped by a growing real estate crisis
thenationalnews.com
To view or add a comment, sign in
-
5 Key Strategies for Maximizing Occupancy Rates in the East & West Sussex Commercial Property Market #marketknowledge #leasingtips Investing in East & and West Sussex commercial property comes with exciting potential, but maximizing occupancy rates remains crucial for success. In this competitive market, standing out isn't just about location – it's about strategic marketing and proactive management. Here are 5 key strategies that can help you boost tenant attraction and secure those coveted leases: 1. Know Your Market: Deeply understand the specific needs and preferences of tenants in your area. Analyze current market trends, competitor offerings, and rental pricing dynamics. This intel will inform your marketing and attract the right tenants for your property. 2. Tailor Your Property: Not every property is a one-size-fits-all. Consider offering flexible office configurations, coworking spaces, or even short-term leases to cater to a wider range of tenants. Consider amenities that add value, like high-speed internet, on-site parking, or green spaces. 3. Embrace Technology: Leverage online marketing platforms and social media to showcase your property's unique features and reach a broader audience. Virtual tours and interactive floor plans can enhance accessibility and provide potential tenants with a realistic experience. 4. Cultivate Strong Relationships: Building positive relationships with local businesses, brokers, and industry professionals can open doors to new tenant leads and referrals. Networking actively within the community can be your ticket to filling those empty units. 5. Offer Competitive Incentives: While rent remains a key factor, attractive incentives can tip the scales in your favour. Consider temporary rent reductions, free fit-out packages, or extended lease renewal options to entice potential tenants. Bonus Tip: Stay agile and responsive. Be prepared to adapt your strategies and offerings based on market feedback and tenant preferences. A dynamic approach will keep you ahead of the curve in the ever-evolving East & and West Sussex commercial property landscape. Ready to unlock the full potential of your x commercial property? Let's talk! Vikki is passionate about helping property owners maximize their returns and would be happy to answer any questions you may have about implementing these strategies or navigating the East & and West Sussex market. Give her a call at 01903 958770 today!
To view or add a comment, sign in
-
Edinburgh, like many cities throughout the UK, is currently suffering from a shortfall in Grade A office space. A lack of construction, coupled with an increasing trend in the "repurposing" of commercial space, has led to a distinct shortage in the pipeline. According to market leading agents, Cushman & Wakefield, an undersupply of high quality, high specification stock, coupled with increasingly strong demand, has elevated city centre prime rents in #Edinburgh by a very healthy 12.5% YOY. Whilst the sector has met unquestionable market headwinds in recent years, "the office" remains a pivotal tool to business growth, talent acquisition & optimising employee output for many businesses. The delivery of an ergonomic, carefully considered, beautifully crafted office space has never been of greater importance. #office #workspace #officespace #commercial #commercialmarket #property #rents #prime #tenants #occupiers #UK #agents Havwoods Jarl White Edward Eagle Lyndsey Dyson
Prime Edinburgh Office Rents Jump 12.5% Amid Constrained Supply
costar.com
To view or add a comment, sign in
-
Office Tuesday In the world of commercial real estate, location remains a pivotal factor. I'm constantly evaluating properties based on their proximity to major business hubs and transport links. An office's location can significantly influence employee satisfaction and retention. Areas with ample amenities such as restaurants, gyms, and parks are highly desirable. We are noticing a growing preference for properties in mixed-use developments that offer a live-work-play environment. Access to reliable public transportation is another critical consideration as inflation remains increasingly high. Clients often seek locations that are easily accessible for their workforce. I'm also noticing a trend towards regional office spaces as businesses expand their footprint beyond major cities. FYI: Evaluating location thoroughly can lead to higher occupancy rates and rental income. #realestate #business #commercialrealestate #investing #diversify #build #grow #challenge #results #service #professional #modesto #california #ca #stanislauscounty #centralvalley #investor #invest #REI #passiveincome #turlock #sacramento
To view or add a comment, sign in
-
Oakland’s office market has struggled post-pandemic with vacancy rates climbing near 30% – but there are two types of buildings that have been able to attract higher occupancy levels, a new report finds. I sat down with Colliers' Anthony Shell, Amber Merrigan, and David Goldberg to learn more about their recent report on Class A rent rates and what buildings are winning the office market.
These two types of buildings are ‘winning’ the Oakland office market, study finds - San Francisco Business Times
bizjournals.com
To view or add a comment, sign in
-
Office Tuesday Occupancy levels are a key factor in office real estate, especially in our market. When occupancy levels are high, it means most of the office spaces are rented out, which is a good sign for investors. Right now, the Central Valley is seeing a healthy demand for office space even though adjacent markets are sitting vacant. This is great news because it shows that businesses are growing and need more space. High occupancy levels mean you're likely to see a good return on your investment. It's also good because it ensures a steady stream of rental income. Keeping offices updated and attractive can help maintain high occupancy levels. Businesses looking to expand or move into new spaces will find the Central Valley an appealing option. For those considering investing in office real estate, understanding occupancy trends is essential. It helps in making informed decisions about where and when to invest. #realestate #business #commercialrealestate #investing #diversify #build #grow #challenge #results #service #professional #modesto #california #ca #stanislauscounty #centralvalley #investor #invest #REI #passiveincome #turlock #sacramento
To view or add a comment, sign in
-
Flight to Quality Continues: Fort Lauderdale's Office Market Soars 📈 Over the past five years, Fort Lauderdale's office market has experienced remarkable rent growth, with the average asking rent reaching $38.91 per square foot in the first quarter of 2024, marking a significant 20.1% increase since 2019. Notably, trophy properties have led the surge, with asking rents climbing 26.8% to nearly $69 per square foot, reflecting sustained demand for high-quality buildings amidst evolving work dynamics. Meanwhile, class A properties have shown stability in asking rates while experiencing a notable uptick in tenant demand, positioning them as a cost-effective alternative to trophy spaces. This trend underscores a clear preference for quality workspaces, driving the market's growth trajectory in Fort Lauderdale. #avisonyoung #FortLauderdale #QualityWorkspace
Flight to quality continues to drive asking rent growth in Fort Lauderdale’s office market
avisonyoung.us
To view or add a comment, sign in
-
Office leasing is dead - unless the building is loaded with amenities. Gone are the days of an office checking a box. To recruit and hire the best talent, to build those relationships so that you can innovate and grow - the people want, and leaders are selecting experiential opportunities to bring everyone together. See how & why Boston Properties (BXP) has a nearly 100% occupancy rate, while properties a mile away struggle with +20% vacancy.
Reston Town Center is close to 100% leased. What's its secret? - Washington Business Journal
bizjournals.com
To view or add a comment, sign in
Chief Executive Officer at Shakercycle
3wTelling the truth might be less offensive