Trinity Partners’ Post

DFW - Quick Office Market Update DFW's local economy remains resilient amidst current economic challenges. Tenant demand is shifting towards more heavily amenitized buildings, with a focus on leasing less space to attract employees back to the office. Good news on the sublease front - the rate of new sublease supply being added is now being surpassed by transactions and natural expirations. In line with the flight to quality, Class A rental rates are on the rise, while Class B buildings are facing headwinds. Additionally, new construction activities are slowing down due to the impact of interest rates on capital markets. Cushman & Wakefield #DFW #OfficeMarket #EconomicUpdate

"Shift to smaller spaces lifts vacancy, but rising lease durations aid stabilization down the line." Dive into our Q2 Office Market Report for the latest trends and outlook on the market in Atlanta. Read the full report here: https://lnkd.in/gCGgmc7K Regional Manager - John Leonard #MarcusMillichap #CommercialRealEstate #CRE #MarketTrends #AtlantaCRE 

Companies are flocking to the Lower Tollway area of Dallas/Fort Worth! Our research reveals that the Lower Tollway submarket has experienced a considerable rise in popularity in recent years. What are the stats telling us? -Companies Want the Best: Class AA office space significantly outperformed the overall market from 2022 to 2023 with positive net absorption equal to 392,367 square feet. -Market Resiliency: Leasing velocity has been robust relative to historic performance. When looking at all leases signed (including renewals), we found that between 2022 to 2023, 1.8 million square feet of office leases were signed. This equates to 89.9% of the pre-pandemic 5-year average from 2016 to 2020 (the best statistical office bull market in DFW's history). Why are companies relocating to this area? -A Centralized Location: Strategically positioned along a 5-mile stretch of the Dallas North Tollway between Interstate 635 and the George Bush Turnpike, the Lower Tollway offers convenient access to a diverse workforce. Nearly two-thirds of the households across the metroplex can be reached within a 30-45 minute commute! Want to Learn More? Our upcoming quarterly report, The Quarter, dives deeper into this exciting trend. Stay tuned for its release later this month! Connect with Stream Realty Partners: Get a copy of The Quarter or discuss your DFW office space needs by reaching out to any of our team members at Stream Realty Partners. #officespace #DFWrealestate #officeleasing #LowerTollway #weknowthemarket #DallasFortWorth

Key insights from Q1! The Minneapolis-St. Paul office market is stabilizing as leasing activity remains steady. Check out the full report for a deep dive into the Office Market! https://lnkd.in/gykAACyi #CRE #OfficeSpace #RealEstateTrends

Per Newmark's just-released 1Q24 United States Office Market Report, #leasing activity remained sluggish in most markets in the first quarter of 2024 and negative net absorption was broad-based with occupied space contracting in 40 out of 58 markets tracked by Newmark. Additional stats, conclusions and analysis can be found in the national report link below. #commercialrealestate #officeleasing #officeresearch #research #CRE

The positive momentum in the Tri-State area's office market has now spread beyond Manhattan. NJ office saw significant quarterly rebound in leasing activity, driven by some large Q3 deals. Top-tier assets continue to shine, outperforming the broader market by a notable margin: - 370 BPS delta between top-tier and overall market availability rate. -Availability rate for top-tier buildings outside the Waterfront fell to 15.8%

Please see attached our Q2 2024 South East Offices Market Snapshot. Capital Markets continue to show exceptional long term value (for the right product) and with cheaper money anticipated, today's careful stock picker can do well. Office development remains a challenge outside central London - finance, planning, thinnish occupational demand - but scarcity is really biting, for the best-in-class space that occupiers increasingly require. Major rental growth is already being seen, with rents into the £50s - and even £60s - being touted outside the M25 ring for those premium office products. For more analysis or to discuss your property, please contact any of the team. Hugh White Bernie Thomas Ed Smith Rebecca Hewitt Will. Foster Joshua Arnold simon ridley Richard Worthington BNP Paribas Real Estate #research #coverage #offices #capitalmarkets #leasing #development

Upcoming shifts in the office lease landscape are imminent, with 57% of pre-pandemic leases pending renewal and new leases averaging 13.6% smaller.    Gain strategic insights with Newmark's 1Q24 United States Office Market Overview Report. Access the public report today.   #Newmark #NewmarkResearch   #Office #CRE #OfficeCRE #OfficeLeasing #OfficeResearch 

Last Sunday's missal in the Business Post explored how some of London's most innovative office landlords have switched their "development" focus to refurbishment of existing stock, particularly sweating assets within their current portfolios to drive future returns. There is clearly a growing appetite for more creative, value-added asset management of older offices in major cities. However, with the traditional institutions often lacking the skillsets, or the appetites, to drive a major re-development and refurbishment agenda, such opportunities are likely to be availed of by sector specialists. Early evidence suggests the investor returns are already there for the taking. GPE, Derwent London, Landsec, Helical plc, British Land https://lnkd.in/dFdv8j3z #londonoffices #ukrealestate #offices #esg #refurbishment #realestate #london #dublin

The U.S. office market started 2024 right where last year ended, as demand remained low. Economic uncertainty continued to drive tenant decision-making, leading many with near-term lease expirations to sign short-term renewals. Read more from Marianne Skorupski, Michael Lirtzman, Scott Nelson and Chris Zlocki in the Q1 U.S. Office Market Report. Download here: https://ow.ly/haOp50RJWn4