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While many companies are temporarily pumping the brakes on expansion due to COVID-19, Amazon is aggressively eyeing more space throughout the country, including in North Texas.
Q2 in review: Office experts break down the state of subleases, rents and stagnant sales in North Texas
Following a slow first quarter that saw more than 150,000 square feet of negative office absorption in North Texas, things continued to slide during the second quarter.
Tom Tindall, who co-founded Cresa's Atlanta office 28 years ago, is back on Cresa Global's board of directors.
Some workers are going back to their offices. Others will be home — maybe permanently. Either way, the Covid-19 pandemic could be a turning point in the region’s office space market.
Martenson, Hasbrouck & Simon recently completed its move to a three-story build-to-suit office at 2573 Apple Valley Road in Brookhaven, Georgia. The firm previously had its Atlanta offices at 3379 Peachtree Road in the city's Buckhead financial district.
Little is certain as New York City cautiously moves from crisis to functionality, but one thing is: Few people are returning to their offices, for the time being at least, despite it now being allowed.
The Toronto and Greater Toronto Area (GTA) office markets continued to experience increasing vacancy rates as the market now sits at 9.3%, up from 8.7% in Q3 2021. The downtown core saw an increase in vacancy from 7.0% in Q3 to 7.3% in Q4 2021. Over Q2 and Q3 of 2021 there were positive signs pointing towards an office recovery with two straight quarters of positive absorption in the downtown core, however, Q4 2021 saw negative absorption of 344,000 square feet, and negative 1.5 million square feet in the overall market.
Greater Toronto Area (GTA) industrial properties continue to outperform all other asset types and remain one of the hottest real estate markets in North America. Net rents continue to rise at unprecedented rates, increasing by another $1.16 per square foot (PSF) quarter-over-quarter to $12.14 PSF. Rents are changing significantly even on a month-by-month basis. They continue to increase with clear height and the 100-199k square foot properties are driving demand.