Entertainment / Media
Life in the spotlight requires a partner who knows how things work behind the scenes. From studios to production to stages to office space, our specialists have the talent and experience to find innovative solutions.
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.
The future of worker and workplace leaves many of us uncertain on how to move forward in planning the needs for an office. Cresa's Dave Toomey joins Tangram, with experts from Steelcase and Wolcott Architecture, to discuss how the work-from-home experience will influence future lease and workplace requirements.
In light of the significant impact that the COVID-19 pandemic has had on so many across the world, Cresa Cares has donated $100,000 to relief efforts. We feel fortunate to be able to assist the following organizations in continuing the amazing work they are doing.
In a world that feels more divided than ever, an increased sense of empathy could help bridge those deep chasms of differences between us.
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.