Location Intelligence Newsletter
Site Selection Group, LLC
Accelerating your business with location analytics, economic incentive management, and corporate real estate solutions.
Site Selection Group is pleased to release the LinkedIn version of our monthly Location Intelligence Newsletter. Let our location strategists help you learn, navigate, and stay informed about the latest site selection trends.
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Site Selection Group Releases Real Estate Portfolio Management Playbook for Small to Mid-Sized Companies
While Fortune 500 companies often have entire departments dedicated to managing their real estate portfolios, some small and mid-sized companies face challenges in effectively managing theirs. Often. they lack the internal staffing, technology, and other resources to oversee their real estate portfolio.
To help optimize corporate real estate portfolios, Site Selection Group has released a whitepaper identifying 10 steps to help guide a small and mid-size company with multiple locations. These steps are not all-encompassing, but they provide a simple guide to help you gain control of your real estate and drive savings to your bottom line.?
CHIPS Act Spurs Massive Semiconductor Industry Site Selection Project Announcements
The U.S. was a global leader in semiconductors a few decades ago, producing an estimated 40% of the world’s supply. The U.S.’s market share has declined to only 10% as global demand increased to power smartphones, mobile devices and the latest AI technology. To strengthen the U.S. semiconductor supply chain, Congress passed the bipartisan CHIPS Act in 2022. Since then it has catalyzed an unprecedented wave of site selection projects across the United States, positioning the U.S. at the forefront of global semiconductor innovation and manufacturing.?
With over $350 billion in private investments announced so far, the economic development impact on job creation and capital investment is profound.
The Rise of Call Centers and Business Process Outsourcing in Africa
The call center industry in Africa is experiencing a remarkable boom with the growth of the business process outsourcing (BPO) sector. With its unique blend of a young, multilingual workforce, improving technological infrastructure, and supportive governmental policies, Africa continues to be an attractive destination for international investments. As an update to our recent blogs on Africa, Site Selection Group wanted to provide additional insight into the factors driving this growth, discuss the challenges in the region and highlight some of the recent projects that underline the continent's rising prominence in the global call center landscape.
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2025 Office Lease Expirations Creating a Dynamic Office Market for Tenants
As 2025 approaches, a significant shift is poised to reshape the U.S. office market. Current projections estimate that approximately 150 million square feet of office space will see lease expirations in that year alone. This substantial figure underscores a broader market transformation driven by evolving work dynamics and changing tenant preferences.
Scope of lease expirations
The volume of office space nearing lease expiration significantly surpasses the segments typically covered under CMBS loans, indicating a widespread impact across the office market landscape.
Exploring Call Center Location Trends: Insights and Market Data
In recent years, the call center industry has seen transformative shifts in how and where these critical customer service hubs are located. From burgeoning markets in Southeast Asia to the resurgence of onshore centers in the U.S. and Europe, the dynamics of location strategy offer a glimpse into the broader trends in labor markets, technological advancements and business strategy. According to Site Selection Group’s latest Call Center Location Trends Report, 180,176 call center jobs were created globally across 155 project announcements. This blog post delves into current call center location trends, supported by the latest market data, and explores the implications for businesses considering their operational geography.
Navigating the Rising Tide: The Surge in Commercial Real Estate Construction Costs
Over the past three to four years, the commercial real estate sector has witnessed a substantial increase in construction costs for all real estate types including office, industrial, retail, clinical and other specialty uses. Fluctuating material costs, labor shortages and regulatory changes have combined to push the price of building skyward. This blog explores these trends, backed by specific data on material cost increases and their implications for developers, investors and end-users in the commercial real estate market.
Site Selection Group is a leading provider of global location advisory, economic incentives, and corporate real estate services. Our purpose is to deliver conflict-free solutions that enable our clients to make a positive impact in their communities. Our mission is to connect companies to the optimal locations through our integrated service offerings which include: Location Advisory Consulting, Economic Incentive Services, Corporate Real Estate Services, and Economic Development Consulting.
If you have any questions, get in touch with us, or leave a comment below.