Oil & Gas
The oil and gas industry is unpredictable, but that could work in your favor, especially when it comes to your real estate options.
Thrive Fitness will open a new, 11,900-square-foot gym in the heart of Chamblee, Georgia. Steve Hanna, Vice President at Cresa Global Inc., represented Thrive in this transaction.
Jim Underhill arguing that people are not going back—at least, not to the office life we had, with hundreds or thousands of employees showing up at the same building every day, often to be squeezed into a densely packed, open-plan office. “Call it a de-consolidation of space, rather than having everyone come into one massive office in the cities, though they will remain the hub,” he told Quartz.
Your monthly update on the North Dallas/Plano/Frisco office market.
Christina Clark, Managing Principal in Cresa' Global Portfolio Solutions group, was named one of GlobeSt.com's Women of Influence.
Stephanie has nearly 10 years of experience in the real estate industry. She is responsible for revenue generation, account P&L management, profitability and overall financial performance for nearly 100 client accounts and oversight of a team of 40 people.
Suburban office vacancy has dropped to 17.96% for the second quarter of 2022 and rental rates are holding steady or increases are being offset by inducement packages offered by the landlord. With increased construction costs, tenants are looking for move-in ready space to circumvent the expenditures and long lead times.
Overall downtown vacancy has dropped slightly to 29.28% for Q2 and market activity has been slow and steady through the summer. We saw a modest amount of positive absorption of 140,372 sf due to companies solidifying their hybrid work policies. Going forward for the remainder of the year and into 2023, tenants looking to refresh their space or relocate, construction costs will be a pain point as long as inflation stays high.