Boston’s office leasing activity reached a?two-year high in 3Q24, with 3.4 MSF of space leased, according to Savills data.?
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The new era of hybrid office occupancy has left the office leasing market pricing unestablished. As a result, it's up to the brokers to lead robust, price-discovery negotiations to peg the new market pricing. I couldn't agree more with my colleague John Jarvis. Read the article below to learn more about how tenant-side brokers can play a key role in establishing the market pricing. #Office #OfficeMarket #TenantRepresentation
Office Leasing in 2024: The Tenant-Side Broker Imperative
https://hughesmarino.com
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The rapid fall from grace for office buildings in the new era of hybrid office occupancy leaves the office leasing market with current market pricing unestablished.?As a result, it is up to the?broker, and the tenant-side?broker?in particular, to lead robust, price-discovery negotiations in order to peg the new market pricing. ? I’ve only been at this work for 37 years, so maybe I am missing something. And I am suggesting that it has literally never been more important for the tenant-side brokerage community to stand tall and provide leadership in order to find the new pricing level. Check out my latest article, “Office Leasing in 2024: The Tenant-Side Broker Imperative.” I welcome what others think about this- ? #Office #OfficeMarket #TenantRepresentation
Office Leasing in 2024: The Tenant-Side Broker Imperative
https://hughesmarino.com
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Why office leasing decisions should be driven by 'flight to experience'. Colliers' Matthew Johnson, Rick Charlton explore this emerging trend in office leasing, in the latest #CRE Matters column. https://lnkd.in/gT7tizfF #crecanada #realestate #officeleasing #rto #returntooffice
Why office leasing decisions should be driven by 'flight to experience'
renx.ca
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Twin Cities office leasing activity has continued to be slow and focused heavily on smaller spaces, following trends from last year, according to a JLL report on the first quarter of 2024. #TwinCitiesRealEstate #OfficeLeasing #MinneapolisOfficeSpace #MplsOfficeSpace
JLL: Office leasing slow, but North Loop Green is bright spot | Finance & Commerce
https://finance-commerce.com
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Brisbane Office Leasing Market Update: A Strong Start to 2024. As we settle into 2024, the Brisbane office leasing market is showing promising signs of recovery and growth. Anticipated trends are materializing, affirming our predictions and offering insights into the evolving landscape of commercial real estate in the city. Read our full comprehensive overview of the key developments shaping the market. Mitch Connell Will Cooper Nick Tanner Daniel Kerridge https://lnkd.in/g2a3hg6A
Brisbane Office Leasing Market Update: A Strong Start to 2024 - Aegis Property Group
https://aegispg.com.au
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According to reports from Savills and Colliers, NYC’s office leasing market rebounded in Q2, with a total leasing velocity of 8.7 MSF. This marks a notable improvement, though leasing activity remains below pre-pandemic levels, as reported on Globest.
NYC Office Leasing Up in Q2, But Still Below Pre-Pandemic Levels
https://www.credaily.com
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With overall vacancy rates lingering around the 9.50% mark throughout 2024, we cast a wary eye towards the approaching winter chill that traditionally slows the Brisbane market?each year and sees half of Australia chase the heat for Euro Summer. Our research has unveiled intriguing trends: stagnating vacancy rates, increasing deal flow across the board, softening speculative take-up and Tenant Representatives bustling with activity. We've captured the full dynamics of Brisbane’s office leasing market across our five core reports. Notable highlights from Q1, 2024: ? In a clear nod to occupiers' preference for fitted spaces, 17,416sqm of deals have been transacted in Pending Spaces yet to return to market. These are fitted spaces that will become vacant but are leased again prior to lease expiry. ? Despite leading in deal activity across all Grades, B Grade only managed to clear 43% of the speculative fit-outs built in 2023. ? Surprisingly, given the relatively flat story told by CBD vacancy statistics through Q1 2024, deal flow was solid post-Christmas with a total of 68 transactions documented. Our extensive work provides unparalleled insights into the Brisbane CBD office space. Click on the below links for a preview of our reports for Q1, 2024. For more information, please contact the Caden Research team. Vacancy Tracker - May 2024: https://lnkd.in/gAW4aD5p Deals Transacted - Q1, 2024: https://lnkd.in/gaGGXngW Spec Suite Tracker - Year in Review / Q1, 2024: https://lnkd.in/gtAQ7_hw Represented Tenant Report - Q1, 2024: https://lnkd.in/g4X36rJs Office Leasing Outlook - 2024: https://lnkd.in/gwjYix5a Hao Chen Caden Office Leasing Ben Callinan Lewis Harper David Prosser Angus Smith Lisa Gatt Charlie Hall Oscar Kneipp
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The rapid fall from grace for office buildings in the new era of hybrid office occupancy leaves the office leasing market with current market pricing unestablished. As a result, it is up to the?broker, and the tenant-side?broker?in particular, to lead robust, price-discovery negotiations in order to peg the new market pricing. Hughes Marino executive vice president, John Jarvis, shares how in his nearly four-decade long career, it’s never been more important for the tenant-side brokerage community to stand tall and lead these price setting negotiations. Learn more in John’s latest article, “Office Leasing in 2024: The Tenant-Side Broker Imperative.” #Office #OfficeMarket #TenantRepresentation
Office Leasing in 2024: The Tenant-Side Broker Imperative
https://hughesmarino.com
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Strong #office leasing trends in Manhattan that we are also seeing in Central Iowa: - Customers seeking higher quality buildings, - Customers growing their office footprints, - Downsizing and subleasing declining
Manhattan Office Leasing Rebounds in Q2
globest.com
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In H1 2024, U.S. office lease signings slightly increased compared to pre-pandemic levels, but tenants are opting for less space, with average lease sizes down 27%. https://lnkd.in/gfHZuAtj.
U.S. Sees Uptick in Office Lease Signings, But for Less Space on Average
cbre.com
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