Office Archives | REBusinessOnline

Will 2020 Be A Year to Remember or Forget for the New Jersey Office Market?

By Jonathan Glick, executive vice president, Sheldon Gross RealtyProjecting future trends is always challenging, particularly when you’re attempting to do it during a global pandemic.But to date, several promising signs suggest that New Jersey’s office market is moving in a positive direction —sluggishly and bumpily, perhaps — but in an encouraging direction nonetheless. Newly delivered projects can provide insight on where the Garden State’s office market is headed in terms …

January 6, 2021Market Reports, New Jersey, Northeast, Northeast Market Reports, Office

Cornerstone Arranges $21.5M Refinancing of Bob’s Discount Furniture Headquarters in Connecticut

MANCHESTER, CONN. — Cornerstone Realty Capital has arranged a $21.5 million loan for the refinancing of Bob’s Discount Furniture’s headquarters office building in Manchester. The borrower, Waterstone Properties Group, developed the 103,500-square-foot building on a nine-acre tract in 2017. Amenities include a café with a lounge, break rooms, conference facilities and 416 parking spaces. The loan was structured with a fixed interest rate, 25-year amortization schedule and a 75 percent …

December 1, 2020Connecticut, Loans, Northeast, Office

Why Dallas May Have A Competitive Advantage in the Office Market Recovery

By Brett Merz, senior vice president and asset manager, KBS As this unprecedented year hits the midpoint of the fourth quarter and office investors consider their options, one market in Texas stands out: Dallas. This market has historically shown strong resiliency and continues to do so throughout the pandemic. While Texas as a whole has been ahead of many other states in terms of allowing tenants that are eager to return to the office after the COVID-19 shutdown to do so, the Dallas office …

November 17, 2020Market Reports, Office, Texas, Texas Market Reports

Office Trends Raise Property Tax Concerns in Texas

By Kirk Garza, Valarie Bradley and Caleb Snow of Popp Hutcheson PLLC With property taxes comprising a significant portion of the real estate operating budget at most companies, both tenants and landlords need to understand how trends sparked by COVID-19 can impact their property tax valuations. The pandemic has spurred governments to impose unprecedented restrictions on office capacity and fueled widespread uncertainty among companies that own or lease office space. Organizations are asking …

November 12, 2020Market Reports, Office, Texas, Texas Market Reports

Market Mystery: Why DFW Presents a Strong Case for Quick Recovery

By Nora Hogan, SIOR, principal at TranswesternThe immediate future of the Dallas-Fort Worth (DFW) office leasing market is an enigma.Real estate professionals believe we are near the top of a V-shaped recovery curve. However, many tenants disagree and are being cautious about their office leasing decisions.Due to the pandemic, tenants became innovative in providing ways to service their customers. They have learned they can operate, survive and even excel under the current business …

November 10, 2020Market Reports, Office, Texas, Texas Market Reports

Key Leasing Considerations for Commercial Landlords in the Age of Coronavirus

By Addison Fairchild, Baird Holm At its onset nearly nine months ago, the novel coronavirus forced federal, state and local leaders to consider measures necessary to prevent the virus’s inevitable spread. Those leaders imposed measures they calculated to balance minimizing the spread and harm of coronavirus to the national and local economies. Whether those measures were effective in achieving those goals is a question for another day. However, now that coronavirus is currently a part of …

November 5, 2020Market Reports, Midwest, Midwest Market Reports, Nebraska, Office, Retail

Specialized Labor, Tenant Demand Fuel Growth of Boston’s Life Sciences Market

By Brendan Carroll, research director, Cushman & WakefieldThrough the first three quarters of 2020, the Boston life sciences market is seeing record occupancy, a continuation of large new-building leases, stable rents at record levels, high levels of pre-committed new construction and an insatiable appetite for inventory in new submarket clusters.Cushman & Wakefield defines laboratory properties as facilities optimized for the physical scientific research of biotechnology …

October 30, 2020Healthcare, Market Reports, Massachusetts, Northeast, Northeast Market Reports, Office

St. Louis Office Market Remains Flexible Amid COVID-19

By Brandon Wappelhorst, Sansone Group In nearly every aspect of our personal and professional lives, 2020 could unequivocally be summarized as certainly uncertain. The rapid onset of the COVID-19 pandemic has taken its toll on the world and has caused significant disruption to everyday life. While likely further down the list of today’s topical issues, the overall effect of COVID-19 on the office market in St. Louis is still to be determined — but it will undoubtedly have an …

October 1, 2020Market Reports, Midwest, Midwest Market Reports, Missouri, Office

Philadelphia Office Market Enters ‘Wait-and-See’ Mode

By Tom Weitzel, managing director, JLL The Philadelphia office market at the moment is running in place, which is to say that there is certainly energy being expended, but it is going nowhere fast. Tenants and landlords alike are partnering with real estate experts to navigate this challenging time. However, while office users evaluate businesses and study workforces, the benefit of making a decision has not yet outweighed the downside of making a wrong decision, so most users are adopting a …

September 1, 2020Market Reports, Northeast, Northeast Market Reports, Office, Pennsylvania

Can America’s Comeback City Get off the Mat Again? Yes — But Uncertainty Reigns

By Garrett Keais In my 25 years in commercial real estate, I’ve never seen the economy — and our industry — come to a standstill the way it did this spring after the coronavirus hit. With so much uncertainty in the market, Detroit’s office sales and leasing activity slowed considerably. But as the last decade has shown us, if ever there was a city that could take a punch and get back up swinging, it’s Detroit. Comeback before the virus[caption id="attachment_269488" …

August 13, 2020Market Reports, Michigan, Midwest, Midwest Market Reports, Office