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The first half of 2024 saw 258 new leases signed over 10,000SF, totaling 7.3M. It's a 49% increase by square footage year over year and a 21 percent hike in volume for the same time period. No surprise that 43% of the deals were in product built or renovated after 2015, with Midtown Core being the center of gravity. (Bain & Company at 22 Vanderbilt, Covington & Burling LLP heading to 30 HY, plus numerous deals on 6th and Park Avenues.) Couple things we'll continue to see going forward: -Financial and Legal sector activity will drive leasing, especially in top tier assets -New development will slow further and resi conversions will plod ahead (13.2M SF of space is currently in the NYC Accelerator Program) -Subsequent compression of availability at the very top will push demand into the more traditional Class A market, a segment where a number of well capitalized and operationally savvy landlords continue to raise funds #jll #nyc #manhattan #officeleasing

𝐀𝐫𝐞 𝐘𝐨𝐮 𝐑𝐞𝐚𝐝𝐲 𝐅𝐨𝐫 𝐓𝐡𝐞 𝐎𝐟𝐟𝐢𝐜𝐞 𝐀𝐩𝐨𝐜𝐚𝐥𝐲𝐩𝐬𝐞? With 1 in 3 landlords on the brink of default, it’s crucial to safeguard your office leases. But do you know how prepared your CRE portfolio is? 𝐓𝐚𝐤𝐞 𝐭𝐡𝐞 𝐪𝐮𝐢𝐳 𝐭𝐨 𝐬𝐞𝐞 𝐡𝐨𝐰 𝐩𝐫𝐞𝐩𝐚𝐫𝐞𝐝 𝐲𝐨𝐮 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐎𝐟𝐟𝐢𝐜𝐞 𝐀𝐩𝐨𝐜𝐚𝐥𝐲𝐩𝐬𝐞! 𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐈𝐟 𝐘𝐨𝐮𝐫 𝐂𝐑𝐄 𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐈𝐬 𝐔𝐩 𝐓𝐨 𝐓𝐡𝐞 𝐓𝐚𝐬𝐤: 🔹 Assess your portfolio’s risk 🔹 Identify hidden weaknesses in your CRE strategy 🔹 Test your knowledge of lease safeguards 🔹 Pinpoint strategies to cut costs Take the quiz to discover how equipped you are to navigate landlord defaults, negotiate your best lease, and improve the efficiency of your CRE portfolio! 𝐓𝐚𝐤𝐞 𝐭𝐡𝐞 𝐪𝐮𝐢𝐳 𝐧𝐨𝐰  👇🏼👇🏼 https://lnkd.in/gGmFjwvX #OfficeApocalypse #CRE #OfficeMarket #TenantTips #SurviveTheOfficeApocalypse

In the second quarter, the balance of potential distress totaled $201 billion, with apartment assets leading at $56.9 billion, followed by the office sector at $50.9 billion. #creopportunities #multifamily #cre #longbeachrealestate #office #retailinvestments

This is one of the reasons why price discovery in office is difficult to obtain. If a building is struggling a tenant rep will steer tenants away. Also struggling sponsors won't pay for TIs and sometimes renege on leasing commissions. Once distressed assets a gobbled up at rock bottom prices, the building will be renovated and compete at a lower price point driving rents and other building values down. Once we cycle through, the Fed will lower rates, ease capital and the new upcycle begins. But it IS different this time, particularly for office, until WFH, RTO and Hybrid are figured out. https://lnkd.in/eS-upQMP

𝐂𝐚𝐧 𝐘𝐨𝐮 𝐒𝐮𝐫𝐯𝐢𝐯𝐞 𝐓𝐡𝐞 𝐎𝐟𝐟𝐢𝐜𝐞 𝐀𝐩𝐨𝐜𝐚𝐥𝐲𝐩𝐬𝐞? With 1 in 3 landlords on the brink of default, it’s crucial to safeguard your office leases. But do you know how prepared your CRE portfolio is? 𝐓𝐚𝐤𝐞 𝐭𝐡𝐞 𝐪𝐮𝐢𝐳 𝐭𝐨 𝐬𝐞𝐞 𝐡𝐨𝐰 𝐩𝐫𝐞𝐩𝐚𝐫𝐞𝐝 𝐲𝐨𝐮 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐎𝐟𝐟𝐢𝐜𝐞 𝐀𝐩𝐨𝐜𝐚𝐥𝐲𝐩𝐬𝐞! 𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐈𝐟 𝐘𝐨𝐮𝐫 𝐂𝐑𝐄 𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐈𝐬 𝐔𝐩 𝐓𝐨 𝐓𝐡𝐞 𝐓𝐚𝐬𝐤: 🔹 Assess your portfolio’s risk 🔹 Identify hidden weaknesses in your CRE strategy 🔹 Test your knowledge of lease safeguards 🔹 Pinpoint strategies to cut costs Take the quiz to discover how equipped you are to navigate landlord defaults, negotiate your best lease, and improve the efficiency of your CRE portfolio! 𝐓𝐚𝐤𝐞 𝐭𝐡𝐞 𝐪𝐮𝐢𝐳 𝐧𝐨𝐰  👇🏼👇🏼 https://lnkd.in/gGmFjwvX #OfficeApocalypse #CRE #OfficeMarket #SurviveTheOfficeApocalypse

When choosing a prospective tenant, some landlords calculate the rent as 10% of the tenant's revenue to decide on signing a lease. This method ensures that the tenant can afford the rent and provides the landlord assurance of tenant retention. Listen to Adam H. Klein as he drops some knowledge 🪙🪙🪙 Elon Gerberg Michael Barashick #TenantSelection #cre #roigroup 📊🔑

𝐂𝐚𝐧 𝐘𝐨𝐮 𝐒𝐮𝐫𝐯𝐢𝐯𝐞 𝐓𝐡𝐞 𝐎𝐟𝐟𝐢𝐜𝐞 𝐀𝐩𝐨𝐜𝐚𝐥𝐲𝐩𝐬𝐞? With 1 in 3 landlords on the brink of default, it’s crucial to safeguard your office leases. But do you know how prepared your CRE portfolio is? 𝐓𝐚𝐤𝐞 𝐭𝐡𝐞 𝐪𝐮𝐢𝐳 𝐭𝐨 𝐬𝐞𝐞 𝐡𝐨𝐰 𝐩𝐫𝐞𝐩𝐚𝐫𝐞𝐝 𝐲𝐨𝐮 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐎𝐟𝐟𝐢𝐜𝐞 𝐀𝐩𝐨𝐜𝐚𝐥𝐲𝐩𝐬𝐞! 𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐈𝐟 𝐘𝐨𝐮𝐫 𝐂𝐑𝐄 𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐈𝐬 𝐔𝐩 𝐓𝐨 𝐓𝐡𝐞 𝐓𝐚𝐬𝐤:  🔹 Assess your portfolio’s risk 🔹 Identify hidden weaknesses in your CRE strategy  🔹 Test your knowledge of lease safeguards 🔹 Pinpoint strategies to cut costs Take the quiz to discover how equipped you are to navigate landlord defaults, negotiate your best lease, and improve the efficiency of your CRE portfolio! 𝐓𝐚𝐤𝐞 𝐭𝐡𝐞 𝐪𝐮𝐢𝐳 𝐧𝐨𝐰  👇🏼👇🏼 https://lnkd.in/gGmFjwvX #OfficeApocalypse #CRE #OfficeMarket #TenantTips #SurviveTheOfficeApocalypse

Self-storage boom transforming commercial real estate Investors poured over $2B into self-storage acquisitions this month alone. This major shift points to beliefs in the sector's continued profitability. Commercial real estate is adapting to enable new ways of working. The rapid growth of self-storage empowers smaller businesses and remote workers. They need flexible storage solutions to supplement leaner physical footprints. On-demand storage enables more agile, distributed business models. I think this trend is fascinating to watch unfold. It shows commercial real estate transforming to meet evolving needs. Self-storage has become an essential service in an era of hybrid work. What other impacts do you foresee from the self-storage boom? Share your thoughts in the comments. To learn more about maximizing income from commercial properties, visit: https://lnkd.in/gm2axQPq #PeerStorage #CommercialRealEstate #SelfStorage #Seattle #CommercialProperty #CommercialBroker #MakeMoney #SaveTimeWithPeerStorage #OnlineMarketplace #RealEstate

Commercial Real Estate Closings 🏢💼 Navigating the closing process in commercial real estate can be complex. From understanding zoning laws to managing lease agreements, the details matter. At Crimmins Title, we specialize in ensuring that every aspect of your commercial closing is handled with precision and expertise. Whether it's a retail space, office building, or industrial property, learn how a meticulous approach to title and closing services can safeguard your investment and streamline transactions. Curious about the intricacies of commercial closings? Reach out for professional guidance. #CommercialRealEstate #ClosingExpertise #TitleServices #CrimminsTitle #RealEstateProfessionals