National Office Update & Office Tenant/ User Strategies PodCast
Original Air Date: 4/2/11
Very informative broadcast about the office market and office space strategies for office space tenants.
"The office user show provides a national office market update and best practices for corporate office users. Chris Macke, Senior Real Estate Strategist with CoStar Group provides an update on national office market performance including top cities for investment and markets prime economically for corporate headquarters. He also shares market advice for office users and expectations for 2011 and 2012.
Show host Michael Bull and industry leading guests cover current topics important for office users including strategic lease provisions for tenants, protecting lease rights before foreclosure, prevalent lease situations in this economy and the guests share best practices when renewing leases and securing new locations.
If your company uses office space or you advise companies that do, you will find this show very informative and enlightening."
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The Real Deal March 31, 2011
Office rents and absorption will rise over the next two years in urban
and suburban business districts, according to Cushman & Wakefield's
office market forecast released today. Though office rents remain low in
the U.S., the report determined that a lack of new supply coupled with
rising demand will force rents upward in half of all central business
districts - or urban business centers - by 2013. And while 2010 saw
just 2.2 million square feet absorbed in cities, by 2012 that number
should grow more than six-fold to 13.9 million square feet. New York
City will lead the charge, along with Washington D.C., Boston, Seattle
and Chicago, as those areas will combine to account for nearly
two-thirds of that space. Suburban office vacancies will also decline
between now and 2013, but at a slower rate than those of central
business districts. Almost half of all suburban markets will see office
rent declines between now and 2013, and five areas - including Miami -
will see office rents dip below 2010 bottoms.
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