It’s Lauren Erlichman back with the fourth coming of our bi-weekly TREG newsletter. The semester has continued to go well so far, and we have enjoyed seeing everyone at our events and learning from our guest speakers!
TREG Event Updates
- Join us for a speaker event featuring Tyler, Managing Partner with extensive experience in the commercial real estate industry. Tyler brings a wealth of knowledge in financial services, analytics, and business development. His expertise spans appraisal, acquisition and development analysis, property management, and portfolio management. With a strong foundation in real estate development and an MBA from Tulane University’s Freeman School of Business, Tyler provides valuable insights into navigating the world of commercial real estate. Don’t miss this opportunity to learn from Tyler’s experience and network with a proven industry leader!
→November 4th, 6 pm, GWBC 300?
- Kenneth S. Lamy, CRRP, CRX is the founder, president, and CEO of The Lamy Group, LTD, a New Orleans-based financial consultancy, and DataPoint International, LLC, a data analytics firm. With over 35 years in the Retail CRE industry, Kenneth is a recognized expert on retail leases, sales analysis, tenant audits, lease administration, and compliance. Take advantage of this opportunity to hear Kenneth’s insights into the intersections of finance, real estate, and data analytics.
→November 11th, 6 pm, GWBC 300
- Come and learn from Kevin Kush, the driving force behind PMAT Acquisition LLC’s daily operations. Kevin’s expertise spans acquisitions, dispositions, capital markets, leasing, asset management, and construction management. Since 2003, PMAT has transacted on approximately 12.5 million square feet of grocery, discount, and fitness-anchored retail across the Southeast, Midwest, Southwest, and beyond. Take this opportunity to explore Kevin’s insights into strategic retail real estate investment and management.
→November 18th, 6 pm, GWBC 300
Market Insights
- The demand for retail space is skyrocketing, which has driven up rents and is forcing out small businesses, as national chains with deeper pockets take over.
- Landlords are leaning towards bigger tenants because they’re financially stable and increase property values, leaving small businesses struggling to keep up.
- A recent survey from Alignable found that almost 60% of small businesses have faced rent hikes, and more than half couldn’t pay their September rent in full.
- Some small business owners are managing to survive by negotiating with landlords or finding creative financing solutions, but their options are limited.
- Phoenix saw one of the biggest rent increases, with prices jumping 7.4% in the second quarter compared to last year
- Despite return-to-office policies from major companies, office vacancy rates and utilization remain stagnant, as revealed by the latest CommercialEdge report.
- National office occupancy stands at around 50%, with areas like Illinois and Texas performing better than states like California and New York.
- Leasing activity has returned to pre-pandemic levels, but with smaller average lease sizes, reflecting continued demand reduction.
- Office vacancy rates rose to 19.5% in September, partly due to companies reducing office space as leases expire.
- New office construction has slowed significantly, with the development pipeline shrinking by nearly a third this year.
Job Board/Other Opportunities
- Citi Corporate Banking Real Estate Finance, Summer 2025 Analyst (New York) Application
- Morgan Stanley Global Capital Markets Project Finance Analyst?(New York) Application
- Rialto Capital 2025 Summer Internship (Hybrid – Miami) Application
- JLL Capital Markets Summer 2025 Internship (Miami) Application
- JLL Valuations Intern (Dallas) Application
- Crow Holdings Real Estate Investment Internship (Boston) Application
- Marcus & Millichap Commercial Real Estate Investment Sales Intern (Miami, Summer 2025) Application
Thank you all for reading! We hope to see you at our upcoming events!
