The Nation’s Top Marketplace – Austin’s CBD

Posted on: Sunday, November 20th, 2016, under Guest Authors, Uncategorized.

Sullivan Johnston Guest Post by Sullivan Johnston, Research Coordinator at Avison Young Commercial Real Estate
 
 
As in quarters past, Austin’s CBD submarket continues to entice an array of office tenants, despite some reports illustrating downtrends in occupancy and rental rates. Austin’s favorable business environment has emerged as a worthwhile investment, with companies such as Kuka Robotics, Samsung, and Indeed relocating and expanding to the Central Texas metro, showing little obstinance to the high cost of occupancy.

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Though Class A vacancy in the CBD increased from 4.74% in Q2 to 5.46% in Q3, demand remains unfettered with the CBD waging the highest rate of leasing activity for the quarter at 381,649 sf. The average Class A gross asking rate in the CBD for Q3 was $51.71, with some buildings commanding rates upward of $61. While the North/Domain and East submarkets may be at the mercy of potential downturns in the tech sector, the diverse office culture the CBD touts shields office use and thus, demand.

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Women Leaders in CRE & Tech: Part I with Diane Danielson

Posted on: Friday, November 18th, 2016, under Guest Authors, Marketing, Thought Leadership.

Analisa Goldblattby Analisa Goldblatt, Marketing Manager at RealMassive
 
 
As a woman in a historically male-led industry, I’m in constant pursuit of inspiration and growth opportunities. I’ve found that there is a wealth of resources and networks to help me build a career and ultimately become a leader in both real estate and tech. For my first in a series of “fireside chats” with established female leaders, I was honored to chat with Diane Danielson, COO of SVN Global. We originally connected with Diane to capture her insights on trends shaping the modern Retail #CREcosystem. Please feel free to share her amazing insights with your network and stay tuned for future spotlights.

What first attracted you to commercial real estate?

It was a combination of factors that attracted me to commercial real estate. First, I grew up in one of the premier planned communities, Columbia, MD. Designed by James Rouse in 1967, our community had carefully planned neighborhoods that were inclusive of all races, incomes, interests and religions. That was a living lesson in how real estate matters. Later on at Boston College Law School, I earned a place on the Environmental Law Review and further developed my interest in how we use land in a sustainable and sensible way. Commercial real estate tells the story of a community. It touches all we do and it changes as we change. It’s a key driver in our economy and I wanted to be involved.

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Why #CRE Should Pay Attention to NERDS

Posted on: Wednesday, November 16th, 2016, under Market Analytics, Uncategorized.

Evan Santosby Evan Santos, Partner Relations at RealMassive
 
 
2016 has been the year of NERDS. We’re not talking about “nerds” portrayed in movies with thick glasses and pocket protectors. We’re talking about the five office markets that you should be keeping an eye on for strong talent, affordability, and investment opportunity.

At the end of 2014, JLL presented five office markets in their current cycle as hotspots for growth. The markets include: Nashville, the East Bay, Raleigh, Denver and Salt Lake City and were coined “the NERDS.”

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Salt Lake City – A Hot Destination for #CRE Investment

Posted on: Wednesday, November 9th, 2016, under Market Analytics.

Evan Santosby Evan Santos, Partner Relations at RealMassive
 
 
Commercial real estate sales nationwide hit $543 billion last year, which is not far below 2007’s all time peak of $573 billion. That mark may well be surpassed in 2016, as industry experts predict growth of nearly 7%. Geographically, deal volume was strongest in the secondary and tertiary markets according to data from Real Capital Analytics. These gains are an important sign of investor confidence in the commercial property market.

Utah has become a stand out in the commercial real estate investment world. The Salt Lake City market is a major contributor to that growth. In fact, Salt Lake City is #2 on America’s Next Boomtowns (Forbes, 2016). According to NG Acres, 2014-2015 was a historic year for investments in Salt Lake City and investments in 2016 have continued this pace.  

Commercial real estate investments in growing markets are a great place to preserve capital and look for yield moving forward. According to the Salt Lake Tribune, investors poured more than $1.8 billion into the acquisition of commercial properties in Utah in 2015, the third straight year that number climbed above its prior high. Much of that investment cash is coming from outside the state as national real-estate trusts, pension funds and other large portfolio managers seek to spread their bets and seek bargains outside larger, more expensive metro markets.

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Charlotte CRE Sales Near $1 Billion

Posted on: Thursday, November 3rd, 2016, under Market Analytics.

“Jesse Tron By RealMassive
 
 
Commercial real estate sales nationwide hit $543 billion last year, which is not far below 2007’s all-time peak of $573 billion. That mark may well be surpassed in 2016, as industry experts predict growth of nearly 7%.

The Charlotte commercial market is a major contributor to that growth. According to data from Cushman and Wakefield, commercial sales have already surpassed $904 million so far this year.

The count includes sales of office buildings, retail centers, hotels, apartments, industrial buildings and warehouses of $2.5 million or more. With a number of deals in the pipeline, there’s a good chance that sales in the Charlotte area may exceed last year’s total of $2.4 billion.

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