Ten Questions to Clear the Clutter & Help You Choose the Right Tenant Representation Broker Choosing a Tenant Representation Broker can be a daunting task.  However, being armed with the right questions can help foster a positive and successful brokerage relationship between you and your broker.  Relocation, expanding or even downsizing your business has many moving parts.  Ensuring a broker has the experience, or the right connections to assist and manage…

Colliers International released the End of Year 2011 Global Office Market Report today.  Consistent with trends being experienced throughout Central Florida, the global office market is expected to continue a steady decline in vacancy as a result of positive demand and a lack of new construction throughout North America and Europe.  Positive absorption is also expected due to business growth and expansion within the US, China and Australia, however, the…

James Cook, Colliers USA | Director of Research, provided some recent insight on how companies are changing how they use their office space.  Below are his thoughts… The Mystery of the Missing Office Square Footage A recent article in the Wall Street Journal caught our attention. It said “workstations are shrinking and private offices are disappearing, replaced by cubicles with low walls, and more employees are working remotely.” Because of this, it…

Commercial real estate values are down, and we all know it.  How does this impact the question business owners are faced with all the time… Should I lease or buy my next commercial real estate property? The answer should take into consideration many variables, such as your immediate expenses or cash outlay; your long-term costs with purchasing vs. leasing; expanding or contracting business; and tax implications. The first consideration is…

The fourth quarter Colliers USA Office Market Report, written by James Cook, Director of Research for Colliers USA, has just been released.  Below are some highlights from the recently released report: U.S. Office Trend Forecast -The U.S. will see slow and steady absorption of office space in 2012, with pickup in 2013.  Domestic growth will ease the effects of an expected Eurozone recession. -CBD Class A space will see strong…

The CoStar Group recently released their Commercial Real Estate Repeat-Sale Indices.  Commercial Real Estate prices increase a modest 1.1% in fourth quarter as property pricing levels off in December. Multifamily led all property types in pricing gains; Northeast region advanced furthest in recovery; Pricing for investment grade outperformed general commercial reflecting investor preference for major markets and core assets. The CoStar Commercial Repeat Sale Indices (CCRSI) National Composite index ended…

Recovery.  That word alone summarizes 2011.  Not only does the data support this claim, but there is consistent agreement amongst the CRE community that the tides are shifting.  After experiencing near dormant activity through 2009 and a good chunk of 2010, the 2011 year stepped up and delivered consistent demand jump starting the market recovery in Central Florida. Some takeaways from 2011 and the Q4 2011 Market Report: -Net absorption has now registered five…

The U.S. gained 243,000 jobs in January and the unemployment rate dipped to 8.3% as most sectors of the economy added workers, the Labor Department said Friday. The increase in hiring was the biggest since last April and supplies further evidence that the economy continues to strengthen after a slowdown last summer. The U.S. has added an average of 183,000 jobs a month in the past five months. Hiring has…

According to a recent release by Automatic Data Processing, Inc. (ADP), private-sector payroll data showing U.S. employers added 170,000 jobs last month, just shy of economists expectations of 185,000 jobs added.  This data comes ahead of Friday’s monthly nonfarm payrolls report to be released by the US Labor Department. Click here to read the entire article.