Miami Office Market Resilience Miami’s office market is experiencing a unique situation where there’s a notable increase in the amount of new office space being delivered (12-month deliveries), even though there’s also a negative net absorption, meaning more space is being vacated than leased. This has led to an increase in vacancy to 8.8 %, still better than most markets throughout the country. Despite these challenges, rent levels have remained stable, which suggests that the demand for high-quality office space is still there, reflecting resilience in this market. #MiamiRealEstate #OfficeMarketTrends #CommercialRealEstate
Jerad Graham, PA’s Post
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London Flex Office Rates Rise 2% to £629/desk - Here's Why: The increase isn't demand-driven. Traditional landlords are transforming prime office space into flexible solutions, introducing higher-grade inventory with premium amenities. Key Evidence: - 40% of new inventory from converted traditional space - Enterprise rates (50+ desks) up 12% to £819 - Small office rates stable at £560 - Central London inventory +29% #CommercialRealEstate #FlexibleWorkspace #LondonOffices
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Large firms in technology, finance, transportation, and entertainment are increasingly telling their employees to return to the office. These tenants want the highest quality space with luxury amenities and proximity to transport hubs. Despite record US office vacancy, tenants are struggling to find space that fits their needs. If office utilization recovers further from here, there will undoubtedly be an opportunity to make money developing top-of-the-line office product or redeveloping existing buildings in strong locations. As for the glut of inventory that no longer works for the future of office utilization… cue the wrecking ball. https://lnkd.in/gj95xtUr
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📈 London's Enterprise Office Evolution Premium flexible workspace is transforming London's office market, with rates for large offices (50+ desks) reaching £819/desk - up 12%. This isn't just about price - it's about quality. Traditional landlords are introducing Grade A space with enhanced specifications and premium amenities, creating a new standard for enterprise flexible offices. Learn more: https://hubs.li/Q02YBj3L0 #LondonOffices #FlexibleWorkspace #CommercialRealEstate #EnterpriseSpace
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Traditional office buildings have increasingly been considering medical tenants for spaces historically reserved for professional office use, a trend that is reshaping both traditional office buildings and medical practices, according to a Colliers report. The shift is tied to high vacancy rates in traditional office buildings caused by remote and hybrid work. Landlords are seeking creative solutions to backfill empty floors, said Colliers. https://lnkd.in/gc_ecHFG #healthcarerealestate #medicalrealestate #commercialrealestate #floridarealestate #medicaloffice #medicalbuilding #CRE #medicalprofessionals
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Class A office buildings are making a comeback - here's why: As companies bring employees back to the office, demand for premium, Class A properties in top-tier markets is skyrocketing. At HGI, we're seeing this firsthand at 51W52 - a prime example of how sought-after locations with top-notch amenities are driving leasing success. Learn more from HGI's President Richard Litton, who shares his views on growing demand for high-quality office spaces and what makes these buildings a magnet for tenants. #ClassAOffice #CommercialRealEstate
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Shortage of High Quality #Office Space #CRE Developers are planning new office projects to meet the demand for high-quality workspace —> #fullservice large tenants are looking for buildings offering plenty of outdoor space, upscale fitness centers and restaurants, and locations near transport hubs https://lnkd.in/dSHV4aFV
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