Partners’ Post

🏢 Embracing the Renaissance of Office Culture! 🌐✨ As we navigate the post-COVID landscape, the resurgence of office life and culture is taking center stage. The economic value of fostering a vibrant workplace is undeniable, making it the perfect time to consider investing in commercial real estate. Let's delve into why, and I have a prime example for you – "500-504 E Belknap St," Belknap Offices, located in the heart of downtown Fort Worth. 💡 Economic Value: The return to the office signifies more than just physical presence; it's a strategic move towards unlocking the economic potential that comes with a thriving workplace. Enhanced collaboration, increased productivity, and a sense of community contribute to the overall success of businesses. The economic benefits of investing in office spaces extend far beyond square footage. 🌇 Prime Example - Belknap Offices: Situated in the vibrant heart of downtown Fort Worth, "500-504 E Belknap St" stands as a testament to the transformation of office spaces. Belknap Offices is more than just a location; it's a dynamic hub where innovation meets sophistication. Its strategic positioning enhances accessibility, ensuring businesses are at the epicenter of opportunities and growth. 🔗 Explore More at ColonialCRE.com: Curious about more examples that redefine the future of work? Visit colonialcre.com for a glimpse into a diverse range of commercial real estate opportunities. From cutting-edge designs to strategic locations, these spaces are crafted to meet the evolving needs of businesses ready to make a statement in the new era of work. 🚀 Connect with Us on Facebook: For an immersive experience and more prime examples, head over to our Facebook page "Colonial Commercial Real Estate." Engage with our community, stay updated on the latest trends, and discover how investing in commercial real estate can elevate your business strategy. Now is the time to invest in commercial real estate, shaping the narrative of the future workplace. Join me in embracing the renaissance of office culture and the boundless opportunities it brings. Let's shape the future of work together! 🏙️💼 Colonial Commercial Real Estate LLC #OfficeCulture #CommercialRealEstate #BelknapOffices #FutureOfWork #InvestmentOpportunity #growth

Is the worst of the office leasing Market in Manhattan behind us? I think so. listen to this video and let me know your thoughts on the subject. Savills Savills North America Tishman Speyer #nyc #nycrealestate #officespace #officespaceforlease

The office leasing market is 100% improving. We are seeing many more tours and a sense of tenant wait and see is over. As interest rates start to decrease in 2024 you will see a Leasing surge because of pent up demand. By the end of 2025 there will be a major supply concern especially for high end office space given the lack of office construction starts over the last 2 years. We are actively delivering high end product in 2024 and looking to deploy more capital to buy more offuce assets. Leasing will improve well before office values.

These numbers are WILD! As a comparison Hamilton County has a hard time consistently supporting a mid $20 per square foot office rate. Not that it doesn't happen but $100 is unheard of. What would be interesting to see is the size of financial services companies that are leasing this space. Are they $5M or $5B companies? Is that location worth 4 or 5 times a top space in the Midwest? We understand Manhattan is another world but at what point does it exceed relative and its just a lot more? Pretty neat to see these numbers though and slowly but surely we will see good increases in the Indy market, especially as we continue new construction in the Suburbs. 

Tenant Brokers have different skill sets than the majority of the commercial real estate professionals you might meet. If you’re a business owner or an executive leasing office or industrial space be sure to align yourself with an experienced tenant broker. Give us a call, let’s see how we can save you money!!! #cre #tenantrep #occupieradvisor #office #industrial #workplace Lindy Ann Pearson Cushman & Wakefield

In another blow to Los Angeles’ office market, the CMBS bondholders for debt tied to the 54-story tower have rejected the city’s terms on a nearly 300,000-square-foot lease for its Housing Department to take 13 floors at the building, according to Newmark (NMRK)’s third-quarter office report. By itself, the lease would have meant a more than 11 percent increase on quarterly office leasing activity for all of Los Angeles, which tallied 2.6 million square feet, per Nermark.

"I think landlords are going to do whatever they can to work with their tenants.” Obermayer business and finance attorney Michael Thom is interviewed about the new dynamics in negotiations over lease terms in the office market: https://lnkd.in/dmNQ8GqB #insights #phlrealestate #businessrealestate

As rental performance and debt issues creep in we eventually see well-capitalized investors buying distressed assets at compressed values. While depressing, statistically and valuation wise, this actually helps free up tenant/landlord leasing activity as witnessed in Concord, CA recently. With a low cost-basis ($57 to ±$100/SF, for example), new owners/investors can not only do attractive lease transactions that create transactional activity for themselves, as well as enticing economics for office tenants, they can also justify deploying ample capital into the project to improve design, amenities, etc. for prospective tenants. It's important to note, and maybe further discussed in another post, but an environment of compressing rental rates, yet increasing operating expenses (have you seen your property insurance premiums lately... UGH!), and high construction costs, make transactions difficult for BOTH landlord and tenant.

A lot of people are asking me about the office market...I mean A LOT! Flashy news stories about converting office buildings to multifamily riddle the news but the reality is that the office market is on the rise. CoStar has just released their 2023 Q2 stats and office leasing in the United States took its biggest quarterly jump in two years. At Rich Commercial Realty, we took a look at our mid-year stats and are seeing this exact same trend. The average term of our office leases this year thus far is 55 months, a 31% increase when compared to this time last year. Additionally, just halfway through the year, our revenue for office transactions is already over double what it was for all of 2022.....#officeisntdead!! #office #officeleasing #cre #commercialrealestate #rcr #richcommercialrealty