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The rise of industrial real estate over the last twenty months has been well documented. Across all markets, significant tenant demand, coupled with scarcity of available product and poorly-performing office assets, has allowed rental rates to appreciate, sale processes to become highly competitive and transaction prices to reach new watermarks.
COVID-19 has prompted the most notable workplace transformation of our time. As companies rethink how and where they work, HR departments are at the center of this evolution, crafting policies and developing guidance to keep their workforce healthy, productive and supported.
On this episode Blake welcomes Greg Schiffman, Chief Financial Officer for Absci, the drug and target discovery company harnessing deep learning AI and synthetic biology to expand the therapeutic potential of proteins. Greg discusses his career journey, the exciting growth from startup to IPO, and how SW Washington and Portland are positioned well to become a biotech hub.
There is a significant lack of new warehouse availability, and because of the high demand, it is possible that we’ll see a 10 to 20 percent surge on rents in the next 6 to 18 months.
The new oﬃce will also support Cresa's clients in Buﬀalo, Binghamton, Syracuse and Utica as the ﬁrm continues to grow its portfolio.
A drop in sublease rental rates illustrates occupants incentivizing sublease offerings to maximize recoveries, optimize space use, and improve internal workplace operations. Companies are reacting to the necessity to make decisions, many of which impact the expense of their office space.
The COVID-19 pandemic has transformed the way we work, prompting office occupiers across all industries to reevaluate their real estate strategies.
Quick Response (QR) code is becoming a mainstay phrase in our daily language. This technology and increased work mandated vaccinations mean more employees are returning to their offices, which in turn is leading to stability and giving office users more comfort in marking long-term decisions about real estate. However, do not expect the overall vacancy rate to come down anytime soon.