City of Cleveland - City Hall’s Post

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!

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

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.

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.

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

🌆🎉 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

Navigating Today’s Competitive Office Market: Landlord Incentives and Tenant Priorities 🏢✨ In today’s competitive office market, landlords are offering concessions and incentives to attract and retain tenants. Tenants increasingly prefer fully fitted turnkey spaces in prime locations for quick move-in and set-up. Rising fit-out costs impact both landlords and tenants, making rent-free periods a popular incentive. Key factors tenants prioritise include accessible locations, robust security, quality infrastructure, flexible space design, and energy-efficient buildings. On-site amenities, sufficient parking, high-speed internet, and cost-effectiveness are also crucial. Professional representation ensures tenants secure fair terms, cost reductions, and enhanced workspace efficiency. Understanding these factors helps tenants make informed leasing decisions. 🔗 Visit our website: www.cires.co.za 🌐 CIRES Property Solutions (Pty) Ltd Neil Stephen, Grant Race, Pierre Bezuidenhoudt, Mark Hawke #WeKnowProperty #CIRESInsights #CommercialProperty #RetailSpace #IndustrialProperty #CIRESPropertySolutions #CommercialRealEstate #TenantNeeds #PropertySolutions

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!

Q2 2024 #RenoNV Office Market Update: Enduring Stability Despite Occupancy Losses. As we reflect on the first half of 2024, Reno's #office market has shown remarkable resilience amidst significant challenges. Here's a snapshot of the key highlights: The State of Nevada has been a major player this year, signing a 79,200 sq. ft. lease in Q1, followed by a 29,000 sq. ft. lease in Q2. This activity signals strong state-level commitment to office space, driven by return-to-office policies. Despite these positive developments, Q2 saw a substantial net #absorption of -75,571 sq. ft., pushing the #vacancy rate to 10.9%, the highest since Q2 2022. However, it's worth noting that year-to-date net absorption remains positive. Year-to-date #leasing activity reached 335,402 sq. ft., a 33.8% increase compared to the first half of 2023. The State of Nevada alone accounted for 108,104 sq. ft. of this total. Regional asking #rents declined by 2.8% to $1.88 per sq. ft., with notable decreases in Downtown Class B properties. #Sales volume was modest at $12.6 million, reflecting limited investor interest due to higher interest rates and constrained capital sources. Despite the occupancy losses, the lack of new supply and ongoing leasing activity are expected to stabilize the market. The upcoming occupancy of previously signed leases, such as the Nevada Department of Health & Human Services' move into 28,856 sq. ft. at 9850 Double R Blvd, should provide additional stability. Reno's office market continues to demonstrate its resilience. As we navigate the second half of the year, we anticipate positive trends, supported by strategic leasing activities and a stable local #economy. Please see our Q2 2024 Reno Office Market Report for additional data and commentary and contact me with any inquiries. https://lnkd.in/ddx6cecP #RenoRealEstate #OfficeMarket #CommercialRealEstate #CRE #MarketUpdate #LeasingActivity #RealEstateResearch

Refurbish or relocate? 🤔 📈 Sydney's corporate real estate scene in 2024 presents businesses with a crucial decision: stay put or explore new opportunities. The current market conditions in Sydney's CBD present a favourable climate for tenants, giving them the upper hand in negotiations, with incentives such as: • Shorter lease terms • Rental rebates of up to 50% • Rent-free periods • Contributions towards fit-out enhancements Learn about the strategic considerations to make when you're faced with an office lease expiry in our full blog article: https://lnkd.in/dCMjwBTV #AmicusAu #Office #LeaseExpiry