New developments and office space trends are key components in the Chicago office market, playing a significant role in the increased vacancy rate within the Central Business District.
Category: Market Trends
The CRE markets in Australasia, India, and Singapore are dynamic and strong, as companies big and small – national and international – are relocating and/or expanding their offices to accommodate rising demand and economic benefits. Our partners in these countries, CityInfo Services and Franklin Shanks, break down below some of the most recent trends and insights.
Similarly, rapidly growing co-working communities leverage their expanding global network to provide co-working clients with the convenience of working in multiple locations… Large developers and property owners with more than two property projects usually can provide flexible arrangements for the relocation or expansion of their existing tenants.
It’s no coincidence that Amazon’s two HQ2 winning regions represent the top two homes for tech workers in the United States. Techies are more likely to live in New York City or the Beltway than almost anywhere else. So, in the end, Amazon went where the experts are. So what does that mean for Philadelphia’s Center City? It means we need to find our place in the world and make ourselves a destination for a few major industries.
The new Opportunity Zones created in the Tax Cuts and Jobs Act of 2017 (the “Tax Cuts and Jobs Act”) are the darlings of real estate right now. And for good reason. These Zones could potentially enable trillions of dollars in current and future capital gains to be deferred, discounted and even fully exempted from…
In short, currently properties dominate the market and they are aware of it, but they are also aware that tenants look at their real estate costs much more than before and what is white today, tomorrow can be black and that is why they are always open to listening to the needs of a tenant who knows what he should do to optimize his real estate portfolio in order to improve his EBITDA.