Stamford Downtown’s Post

"May 24, 2024: Latest Updates on People and Company News" Read the full article below..

Another quarter in the books of rising vacancy and increased opportunity for tenants and buyers in Seattle. For more information please check out our Q2 2024 Seattle Office Market Report! #FFQuarterlyReport

• Knight Frank / Canberra Office Market Report • Knight Frank have released the March Quarter 2024 Canberra Office Market Report. Steady rental growth supported by sustained demand from public administration occupiers and small private sector tenants underpins this quarters report. Key insights include: - 8.3% fall in overall vacancy (y/y) - 0.5% A-grade vacancy in Barton - 26,000sqm of stock withdrawn over 2023 for conversion to alternative uses - -86bps yield softening in A-grade yields in Civic and Parliamentary precinct softening to average 7% (y/y) - 1.7% annual rental growth in the civic precinct (y/y) - $90m 2023 transaction volumes Click on the link below to read more. #KnightFrank #KnightFrankCbr #OfficeMarketReport Rebecca Jakubaszek - AAPI Phil Doyle Canberra Debi Tolcher Paul Douglas-MacDonald Kellie O'Connor Lucas Brinkmeyer Juliana Rocha

Because we are constantly analyzing properties in various market conditions, we understand the best operating procedures for staffing, office, and gate hours for every store we manage. That is Total Property Performance™! #selfstorage #selfstorageindustry #selfstorageinvesting #selfstoragemanagment #selfstoragefacility #totalpropertyperformance

In this article which was co-written by Hugo Stephens we look at the subtle, but nevertheless major shift in the balance of power between landlords and tenants, including the changes introduced under the Transparency, Influence and Accountability Standard and those proposed under STAIRS. https://lnkd.in/d7YzyFVx

Latest CBRE Houston Office Market Quarterly report In my opinion here are the key highlights: - Migration of companies to the West Houston submarkets (+ strong renewal activity) continues to be a clear theme in Houston tenant decisions - The “flight to quality” remains persistent, as well – however, one key distinction is starting to appear: -- Fewer upper Class A/”trophy” options are still available -- Fewer landlords are still in stable financial constructs -- Which means (for a discerning tenant) the market for available options can feel tighter (than what the national media headlines would infer) - We still continue to see elevated interior construction prices which makes relocations either cost more OR require longer lease term commitments to negate those costs -- The new energy code implemented by the City of Houston in January 2024 can very easily add 10-20% in project costs. https://lnkd.in/g93Yav3i

MORNING NEWS: Towers in favour as City bounces back Good morning. Here’s your daily round-up of the latest news and views from EG and a collection of industry-relevant headlines from the nationals, all perfectly curated to set you up for the week ahead. It’s all about the City and a flurry of tower developments this morning as Sellar and Obayashi Corporation get the nod for a new 36-storey tower at 60 Gracechurch Street, EC3; Welput’s 43-storey tower at Bury House, EC3, gets recommended for approval by planners, despite secretary of state Angela Rayner telling the City Corporation “ not to grant permission without specific authorisation”; and Aviva and CO-RE open a consultation on their plans for a 31-storey tower at 130 Fenchurch Street, EC3. Together the three towers would add more than 1.5m sq ft of new office space to the Square Mile, something all the developers – and the City – say it is crying out for. “There is an acute shortage of office space across London that is able to meet the exacting requirements of the modern occupier,” said Sellar chief executive James Sellar, “and we firmly believe that being able to satisfy that demand is an important component in London’s ability to attract leading businesses and ensure it maintains its status as a world-class city.” https://lnkd.in/eZ2SN8ax

What’s Happening In… Charleston? Charleston office properties face the same quandary as we’ve seen in the rest of the country, with some areas showing particularly high vacancy rates. Overall, however, the vacancy rate has decreased over the past year (to 7.7% as of Q3 2023), and the market “remains fairly steady overall.” Industrial performance has also been somewhat of a mixed bag, with an increase in vacancy to 5.9%, though the market overall “remains resilient.” NAI Charleston’s Sarah Shelley notes: “South Carolina continues to be a sought-after market by advanced manufacturers and significant investments are being made by new and existing companies throughout the Charleston MSA.” Read the entire article - https://ow.ly/YvTP50RaORi

Interesting statistics from Costar - at least there is one identifiable ‘upward’ trend in the office sector. As London high rise literally grows in popularity, the wider office market continuess to be challenging, with occupancy levels remaining low and lease ends looming. The challenge for many occupiers is devising a property strategy that accommodates, not evenly spread lower attendee numbers across the week but rather attendance that, in many instances has been condensed in to a very high-occupancy Tuesday - Thursday week. Paying for low utilisation ‘tumble-weed’ Mondays and Fridays, is unpalatable. We are currently working with funder clients to find a pragmatic way forward, where they have exposure to loans on office accommodation across the UK. www.ram-re.com #crelending #commercialpropertylending #distressedloans #fixedchargereceivers

Here’s your newest update on the Central London office scene, focusing on both the City and West End markets. Dive into the details: Read more: