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 …

June 30, 2022Iowa, Market Reports, Midwest, Midwest Market Reports, Office

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 …

June 28, 2022Market Reports, Office, Texas, Texas Market Reports

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

Major Texas Office Markets Rebound in Varying Degrees, Exhibit Flight to Quality

Interviews by Taylor WilliamsThe office markets of the major Texas cities have always been birds of different feathers, built to accommodate drastically different types of users and disproportionately subject to broader swings in occupancy and rent growth.Dallas-Fort Worth (DFW) remains the king of corporate relocations and regional consolidations, and the metroplex’s office market benefits from the highest degree of diversity among users, an attribute that has ushered it through the …

May 11, 2022Market Reports, Office, Texas, Texas Market Reports

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

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

APTC: Don’t Just Accept Your Tax Assessment

By Cecilia Hyun, Siegel Jennings Co. Since early 2020, the COVID-19 pandemic has upended lives and disrupted the normal course of businesses, including those in the commercial real estate market. As in many other sectors, however, this public health crisis has not affected all commercial properties equally. Real estate occupied by essential businesses such as grocery stores, sellers of household goods and warehouse clubs, for example, have weathered the pandemic well. A few have even …

February 22, 2022Market Reports, Midwest, Midwest Market Reports, Office, Ohio

Office Downsizing Trend in Detroit Will Likely Continue in 2022

A lot has changed in the world since the beginning days of the COVID-19 pandemic in early 2020. Fast forward to November 2021 and the world is a very different place. Over 46 million people have been infected in the United States alone with over 750,000 deaths officially attributed to the virus. Most businesses have been forced to shut down in-person work for some period of time and many have instituted remote work programs until the beginning of 2022. The real question on everyone’s mind …

February 10, 2022Market Reports, Michigan, Midwest, Midwest Market Reports, Office

Slow-But-Steady Recovery Ensures That Dallas Remains a Top Office Market

By Mike Otillio, research director, Colliers The Dallas office market and North Texas region as a whole continue to evolve as leading destinations for corporate relocations, led in part by a favorable business climate. This reputation as a top landing spot for regional workforce consolidations and outright relocations from other states has helped Dallas become a national leader in some key back-to-work metrics. According to research from security firm Kastle Systems, which monitors …

February 3, 2022Market Reports, Office, Texas, Texas Market Reports

Texas Office Owners Double Down on Health, Wellness

By Taylor Williams Office owners in Texas remain acutely aware of how the pandemic has changed the game and are not shying away from promoting health and wellness within their buildings. According to data from security firm Kastle Systems, which tracks keycard, fob and app access to some 2,600 office buildings across 138 cities and 47 states, office space in America’s largest markets continues to be underutilized. Across the 10 markets that Kastle Systems tracks, including Austin, Houston …

January 12, 2022Market Reports, Office, Texas, Texas Market Reports