REBusinessOnline

Luxury Retail Along Manhattan’s Madison Avenue Shifts from Rebounding to Thriving

By Joe Aquino, president, JAACRESWhen Barneys New York department store closed in 2020, we saw a dramatic relocation of luxury retail on Madison Avenue to the south, apparently with a common goal of establishing better proximity to East 57th Street. Prior to that event, many luxury brands enjoyed a shop within a shop at Barneys, plus another store on the corridor, usually further uptown.Prior to the COVID-19 pandemic, this stretch of Madison Avenue was so tight for space that we saw …

Collaboration, Creativity and Coffee: Reasons Why the Office Still Matters

By Chris Curran and Alexa Strickler, R&R Realty Group It’s no secret that the past couple of years have been dramatically different for us all. We’ve had to adjust to new routines, new practices and new ways of getting work done. Some of these new things will be here to stay while others have already receded into memory. No matter the amount of change though, one thing remains the same. That’s the need for human connections and relationships. And, ultimately, that’s what physical …

Las Vegas Tops List of National Office Performers

By Ryan Sarbinoff, First Vice President and Regional Manager, Marcus & MillichapA growing, educated local labor force and lower rents compared to other office hubs in the region are driving office tenants to Las Vegas. The metro registered the largest drop in office vacancy among major U.S. markets over the 12-month span that ended in March, as tenants absorbed more than 2 million square feet. Much of this space was at Class B/C properties, with the subsector noting the strongest …

Tenants, Investors Maintain Faith in Fort Worth Office Market’s Long-Term Prospects

By Marshall Mays, vice president, Colliers Dallas-Fort Worth (DFW) is a hot market for commercial real estate right now, with people from across the country relocating to the area every day.  The metroplex’s population is growing at an annual rate that rivals those of other top U.S. markets, including Austin, its neighbor to the south that is often considered to be a more glamorous city.  With the increasing number of businesses relocating to Texas and more offices opening back up, the …

A Migration Destination: Charlotte’s Office Market Continues to Evolve

By Chase Monroe, Carolinas Market Director and Charlotte Brokerage Lead, and Chris Schaaf, Executive Managing Director of Tenant Representation, JLLNearly two years after the onset of the pandemic, Charlotte’s office market is showing strong signs of recovery as economic momentum builds. Last year, the Queen City set the stage for growth with 4.9 million square feet of office space delivered from pre-pandemic projects, boasting over 1 million square feet more than any other metro for …

Fort Worth’s Multifamily Vacancy Falls via Robust Job Growth, Household Formation

By Al Silva, senior managing director, investments, Marcus & Millichap; and Ford Braly, first vice president, investments, Marcus & Millichap The multifamily segment in Fort Worth is in a great position. The metro’s vacancy rate slid down to a multi-decade low of 3.1 percent last year, which facilitated stellar rent growth as the number of available rental units plummeted.  Fort Worth’s average effective rent grew more than 15 percent in 2021 to $1,276 per month, and the …

Organizations Align to Address Housing Affordability in Des Moines

By Ryan Kelly, TWG Development Despite the affordable housing crisis, Des Moines has managed to endure the adverse factors that have caused a boom in housing prices nationwide — but we still have a ways to go. A sustained demand, an influx of business and new projects by national developers all played a role in Des Moines’ multifamily growth over the past two years.  Developing Des Moines Home to some of the largest multinational finance and insurance corporations, Des Moines has …

L.A. Retail: A Tale of Two Pandemics

By Nellie DayAll of Los Angeles County might have been under the same restrictions throughout the pandemic, but their emergence from this period reveals a lot about the localized retail environments. “Los Angeles’ retail market has weathered COVID better than many other markets around the country,” says Matthew May, founder of May Realty Advisors in the Los Angeles submarket of Sherman Oaks, Calif. “However, the recovery has favored a diverse group of suburban …

Tenants Continue Moving to South Florida in Search of Class A Office Space

There is no denying in-migration is a driving factor in South Florida. Over 650,000 people moved to Miami at the height of the pandemic — nearly 89,000 came from out of state and a quarter of those came from New York. Year-over-year job growth is up 6 percent and is back at peak levels seen prior to the pandemic, while over 27 percent of employment is in office-using sectors for the first time ever.CBRE’s Spring 2022 Occupier Sentiment Survey revealed that most companies are back to …

Fort Worth’s Population Growth Spotlights Shortage of Class B Industrial Space

By Jason Baxter, president and CEO, Fort Capital While some might think that industrial warehouses are overflowing with e-commerce tenants, in Fort Worth, we have seen another tenant mix grow at an even more rapid pace: service providers. These are the plumbers, landscapers and electricians that work behind the scenes to keep cities running.  With population growth skyrocketing in Fort Worth, the industrial space needed by these service providers is also growing at a rapid …

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Walker & Dunlop

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