Hughes Marino

The industrial market is becoming the tenants’?market that we forecasted it would back in 2023. After 2020-2022’s record low availability and soaring rents, availability has surged since by 50%-100% in most metro areas, and even tripled in formerly tightest markets in Southern California. With over 252 million SF of space currently available for sublease, and availability rates that have gone back above pre-Covid levels, tenants have more leverage than they’ve had in years past. Yet, many institutional landlords are holding firm to their 2022 asking rates, with private owners making aggressive deals. We encourage you to learn more in our team’s latest industrial market report to appreciate how 2025 is rapidly turning into the best tenants’?market we’ve seen in five years.

After?four?years of rising office availability rates, 2024?marked the first time that?some?U.S. markets showed signs of?hitting bottom. While?all?cities face high?availability?levels,?markets?like?Orange County, Dallas, Houston and San Francisco, have seen availability?slightly?decrease, suggesting that we may be?hitting equilibrium in the coming year. ? With major companies solidifying their return-to-office policies,?it has not made a material impact on new office space demand, and?2025 is?still very favorable?for?office?tenants. Whether you’re renewing, relocating or rightsizing, understanding?the dynamics of your actual submarket is crucial. We encourage you to learn more in our team’s latest office market report.

Our Hughes Marino team not only consists of award-winning advisors, but?some?extreme athletes as well. Their hustle both in and out of the office is admirable, and can be best described by one of our favorite Kobe Bryant quotes, “Never wing anything.” Seattle executive managing director, Owen Rice, has been participating in Nordic races for years, and has prepared, trained and competed time and time again, most recently in Sun Valley, ID and Winthrop, WA. Denver senior managing director, Riley Hillis and Seattle managing director, Derek Pedersen trained tirelessly and planned for a snowy 26-mile run on Orcas Island, WA, covering over 6,500 feet of vertical gain. No matter the sport, one thing our team members have in common is their dedication to preparation and strategic planning. Never winging anything, always approaching their craft ready to win. Onward!

In celebration of Hughes Marino’s 14th?year anniversary, our offices across the country showed off the latest and greatest HM gear! We’re proud to celebrate another year of Hughes Marino alongside our incredible team members from coast to coast. Onward!

Failing to adequately plan ahead and prepare for a lease renewal can result in long-term costs for your company. Often, tenants avoid being proactive in their lease negotiations, not being able to sufficiently obtain enough leverage until it’s too late. In his latest article, Hughes Marino executive managing director, Scot Ginsburg, shares the six most common lease renewal and negotiating mistakes he has seen over his 25+ year career representing tenants. Learn more in Scot’s article below!

14 years ago, Hughes Marino set out to transform the commercial real estate industry by redefining what excellence looks like, not only for the clients we serve, but also for the team we’ve built. From day one, our goal has been to build the best tenant representation company in the nation, with our clients at the forefront. Inspired by Joe Calloway’s book, Becoming a Category of One, we’ve remained committed to setting ourselves apart both within our industry, and in the business community as well, making decisions through a customer-centric lens. This has allowed us to continue providing winning results for thousands of companies across the nation and world. In his latest blog, Hughes Marino founder, Jason Hughes, shares what having a Category of One mindset means to our company, and how your team too can redefine what excellence means in your industry.

At Hughes Marino, giving back is not only a core value, but a commitment we live by. One of the most meaningful ways our team does this is by supporting Ronald McDonald House Charities Greater Houston, an organization that provides a home away from home for families with critically ill children. Through advocacy, volunteer efforts and monetary donations, we’re honored to help support Ronald McDonald House families. For Houston vice president, Rob Johnson, this partnership is personal. Having experienced RMHC’s generosity firsthand, he knows how much of a difference their mission makes. His story is a testament to the organization’s impact during life’s toughest moments. We’re grateful to be able to give back to RMHC, helping provide a lifeline to families in need. We encourage others to support their priceless work for families across the country.

In celebration of Hughes Marino’s 14th anniversary, we gathered for an All-Hands team meeting to reflect on the incredible journey we’ve shared together over the years as a team. Our mission has remained steadfast since day one—to put the client first. By staying true to this notion and to our core values, we strive to deliver excellence for our teammates and clients nationwide, providing consistent, advantageous results at each turn. Onward!

For Hughes Marino managing director, Edwin Yarbrough, running has become more than just a source of physical exercise, so much so that he made it his goal in 2024 to run 1,000 miles. Upon successfully completing his one-thousandth mile, Edwin recognized that achieving this goal was far more rewarding than he could have imagined. His journey was no longer simply about running, it was about following through on the goal he had set, the commitment it took to overcome various obstacles, and the dedication to holding himself accountable. These findings don’t only hold personal sentiment, but have professional application as well. We applaud Edwin for not only achieving this incredible goal, but also for sharing his story with us. We encourage you to check out the lessons shared by Edwin in his latest article for inspiration, no matter what your goals are this year. Onward!

Early lease renewals aren’t always about extending your commitment, but can also be a strategic move that provides your business with an economic advantage. By initiating renewal discussions ahead of time, you open the door to the potential of reducing costs, and creating better positioning and flexibility for your future lease terms. In his latest article, Hughes Marino executive managing director, Scot Ginsburg, shares insight into how you can stay attuned to market trends while understanding your landlord’s priorities, ultimately helping you secure the best renewal terms possible. Learn more about how to take advantage of an early renewal as a tenant in Scot’s latest article!