Office Designs, Layouts Look Different in Post-Pandemic Marketplace

It’s safe to say office space design has been transformed over the past two years in large part due to COVID-19 and the work-from-home experience. It has changed for now, the foreseeable future and maybe forever. Though many people are still working from home, others have returned to the office, even if only for a few days a week, and many of the office spaces are looking entirely different. While this may be happening in other markets, it is a trend we are seeing in the Milwaukee office …

May 19, 2022Market Reports, Midwest, Midwest Market Reports, NAI, Office, Wisconsin

Industrial Cap Rate Spread Narrows in Milwaukee as Demand Continues to Surge

Like much of the country, the Milwaukee industrial market flourished over the last 12 to 24 months and has continued to shatter records across the board. Tenant demand far exceeded supply, driving vacancy rates down and rental rates up. Pent-up capital chased deals at record numbers, compressing cap rates further in this sector. And new construction continued its speedy pace, with over 8 million square feet on schedule to be delivered in 2022. But with inflation surpassing 8 percent and …

May 12, 2022Industrial, Market Reports, Midwest, Midwest Market Reports, Wisconsin

Milwaukee Retail: Adaptation, Creativity and Competition

Milwaukee is a city known for beer, motorcycles, basketball and blue-collar workers. However, Milwaukee should also be known for having a strong retail marketplace as well. With ever-changing markets and trends, retailers are finding many ways to get creative and adapt with the trends. Due to the adaptation, the competition for prime outlots is at an all-time high and does not appear to be changing any time soon. Outlot wars It’s with absolute certainly that the Milwaukee retail market has …

May 5, 2022Market Reports, Midwest, Midwest Market Reports, Retail, Wisconsin

Analyzing the Potential of Lincoln’s Commercial Real Estate Market

What does the Lincoln, Nebraska commercial real estate market have to offer? Quite simply it has land, room to grow, affordability and a centralized location. Pair these attractive and unique features with an educated workforce in a culturally diverse community and the answer becomes clear. Lincoln’s commercial real estate market has a lot of potential. Despite Lincoln’s small size of approximately 300,000 people, it is experiencing the same challenges and triumphs as the bigger …

April 28, 2022Industrial, Market Reports, Midwest, Midwest Market Reports, Multifamily, NAI, Nebraska, Office, Retail

Omaha, Nebraska’s Office Market Holds Steady

Omaha’s office market saw more total lease transactions in 2021 for more total space than in any year since our firm has tracked it — 281 transactions for nearly 1.8 million square feet. In a typical year, Omaha usually sees approximately 200 transactions for 1 million square feet. In addition to leasing activity, net absorption was positive at 310,391 square feet, and Omaha’s overall vacancy rate contracted slightly over the year. In turn, year-over-year market rent growth reached its …

April 21, 2022Market Reports, Midwest, Midwest Market Reports, Nebraska, Office

Another Bright Year Anticipated for Columbus Industrial Market

With low vacancy, positive absorption and robust leasing and investment activity, the Columbus industrial sector is positioned to experience a substantial amount of demand to continue throughout 2022 after a record-breaking year in 2021. Last year set the tone for historic construction and absorption and the market is poised to continue its strong momentum. It is easy to look at the map and see why Columbus is such a great logistics hub given its prime location within a 10-hour drive within …

April 14, 2022Industrial, Market Reports, Midwest, Midwest Market Reports, Ohio

The Secret Is Out About Investment in Columbus, Ohio

There was a time when an investment in the Columbus, Ohio commercial real estate market had to be justified to outsiders and required a higher return to attract investors. After all, it sits squarely in “fly-over country” in the heart of the rust belt. With the exception of getting a superior return, why would an investor choose Columbus, over say, New York or Chicago? But that’s all changed. Cap rates are now as low as, or lower than, other major markets. Investors have been driven to …

April 7, 2022Industrial, Market Reports, Midwest, Midwest Market Reports, NAI, Office, Ohio

The New Paradigm of Chicagoland Industrial Market

The industrial market will be forever changed by the COVID-19 pandemic. Before the pandemic, demand for industrial space was closely tied with gross domestic product (GDP), with demand rising and falling alongside the U.S. output of goods. The pandemic has accelerated an already shifting economy to an “on-demand” economy. This shift was created by technology companies fulfilling consumer demand via the immediate provisioning of goods and services, and has now led to industrial warehouse …

March 24, 2022Illinois, Industrial, Market Reports, Midwest, Midwest Market Reports

Success in 2022 Chicago Office Landscape May Boil Down to Who’s Minding the Store

When it comes to which office properties will succeed in the coming years, success may boil down in part to who is minding the store. Like most big cities, Chicago’s office market has been tested by the pandemic, and office property owners face a far more competitive environment. Year-end 2021 office vacancy rates were nearly 18 percent in the central business district (CBD) and over 25 percent in the suburbs, or 44 percent and 35 percent higher, respectively, than two years prior, …

March 17, 2022Illinois, Market Reports, Midwest, Midwest Market Reports, Office

Twin Cities Industrial Sector Marked by High Demand, Exploding Liquidity

2021 has been an absolute whirlwind for the Minneapolis-St. Paul (MSP) industrial market. Plunging cap rates, liquidity growing faster than ever and a sharply felt shortage of new supply have defined the last year and will continue to define 2022. New faces on the development side are entering the market right and left to capture the huge profits to be had from the supply/demand imbalance. New construction has been stabilizing in six to eight months and institutions have ear-marked MSP as a …

March 10, 2022Industrial, Market Reports, Midwest, Midwest Market Reports, Minnesota