officestatus Spring // 2014
|
|
- Catherine Harmon
- 5 years ago
- Views:
Transcription
1 Spring // 214 Faneuil Hall Marketplace Inside... Four-quarter positive absorption of 3.6 million is the most recorded since 27. Vertex Pharmaceuticals, Schneider Electric and Pfizer complete 1.5 million sf of relocations. One million sf of build-to-suits newly underway for Goodwin Procter, PWC and New Balance. Wayfair will move into 275, sf at Copley Place later this year. Waltham Class A vacancy space one-third depleted over the last four quarters. Central Boston now a leading world center of incubators. New Air Routes Connect Boston with the World // Page 7 *Unless otherwise noted, all data is as of or for the quarter ended March 31, 214 and is Transwestern RBJ data.
2 Economy & Real Estate STOCK MARKET // Equity Indicators EMPLOYMENT // US Bureau of Labor Statistics ABSORPTION & VACANCY // Greater Boston Relative Performance December 31, 213 = Unemployment rate National unemployment rate Boston MSA unemployment rate sf in millions (.5) (1.).8 Apr May Jul Sep Nov Jan Mar Jan Mar May Jul Sep Nov Jan (1.5) Index Value 1 Qtr 4 Qtr Indicator (April 213) Value 2 Qtr 4 Qtr 13.8 S&P 5 1, Boston MSA Employed 1, Quarterly +542, sf Morgan Stanley Hi Tech Ix Boston MSA Unemployed Last Twelve Months +3.6 Million sf Afourth consecutive quarter of substantial positive demand resulted in the heaviest four-quarter positive absorption total since 27. New property completions of 742, sf, including the 55, sf office building constructed as part of the newly completed Vertex Pharmaceuticals build-to-suit project in the Seaport District, resulted in a vacancy increase from 13.4 percent to 13.8 percent, despite 542, sf of positive absorption. With two million sf completed since the middle of 213, three million additional sf is under construction with built-to-suit projects newly underway for Goodwin Procter and PricewaterhouseCoopers in the Seaport District, respectively, and New Balance in the Brighton section of Boston. At 64.2 million sf, the city of Boston s occupancy levels are at an all-time high, far surpassing the 58.5 million sf tenants occupied at the height of the tech boom, during which occupancy levels were substantially boosted by banking, asset management and insurance industry occupants, which since have in aggregate become far less dominant in scale. The city s tenant base continues to change as available brick and beam type space in the Seaport District is heavily depleted and technology tenants become more intensive users of Financial District office space, including those in Class A towers, a trend mirrored in San Francisco, the city s primary west coast technology rival. The city, already home to incubators MassChallenge and Techstars, welcomed two locations of WeWork this quarter, with Cambridge Innovation Center to open a Financial District location later in the year, more than emphasizing the area s support infrastructure for aspiring technology companies. The continued divestiture of Equity Office s once dominant city and regional portfolio continued in the quarter with the sale of 1.2 million sf in two Financial District buildings, a wind-down set to provide tenants with an increase in competition among Class A landlords. As rent levels remain somewhat unchanged throughout the market in the quarter, a notable exception is Cambridge, where premium RBJ Index properties now command an average of $64.19 per sf, the second-highest level ever recorded. Many other areas marketwide are poised for selective lease rate increases, particularly where premium Class A and other of the most desirable space is increasingly supplyconstrained. Increasing occupancy levels continue to defy certain trends, including telecommuting, flexible workspaces and other increased efficiency mechanisms, such as those used to decrease the aggregate use of space this quarter in consolidations by Schneider Electric in the 495 North submarket, and by Pfizer in Cambridge. Additionally, new build-to-suit projects are mostly set to create negative absorption in existing Class A properties, though this space is, in aggregate, apparently being absorbed by new market entrants and other expanding parties. A market sentiment which continues to remain more optimistic than seen nationally remains reflected in employment outperformance and a continued thriving technology market, which is disproportionately located here. 2
3 Boston CBD Highlights up-ticked to 1. percent from 9.6 percent on 17, sf of positive absorption as average Class A asking lease rates increased $.98 to $52.2 per sf. The completion of the 1.1 million sf build-to-suit complex for Vertex Pharmaceuticals delivered one 55, sf office building; accounting for increasing vacancy despite positive absorption. Seaport District occupancy is 45 percent above levels seen two years ago. & // Central Boston s sf in millions (.2) (.4) (.6) At 64.2 million sf, occupancy levels in Boston are at their highest levels ever; the greatest such occupancy achieved in the tech boom was 58.5 million sf. Having already committed to 15, sf at Copley Place in 213, Wayfair increased its commitment to 275, sf, and is set to move in 214. (.8) CURRENT DATA 1. Quarterly +17, sf Last Twelve Months +1.7 Million sf With the opening of two WeWork locations this quarter, and the 7, sf commitment by Cambridge Innovation Center to open at 5 Milk Street, Boston has become a leading global center of incubator space (see chart). Class A Asking Rates // Central Boston $8 FINANCIAL DISTRICT BACK BAY AIG moved into 12, sf at 99 High Street as TripAdvisor took occupancy of 72, sf at 226 Causeway Street and Skadden transferred to 47, sf at 5 Boylston Street; MetLife downsized its Back Bay footprint by 181, sf at 51 Boylston Street. $7 $6 $5 Senior Housing Properties Trust agreed to acquire the newly completed Vertex Pharmaceuticals campus at Fan Pier ($1.1 billion, 1.1 million sf, $1,23 per sf). $4 $3 CURRENT AVERAGE ASKING RATES Equity Office continued the divestiture of its Boston portfolio, selling Center Plaza to Shorenstein Properties ($37. million, 756, sf, $417 per sf). Central Boston $52.2 Financial District $5.26 Back Bay $6.83 Boston Becomes Incubator Destination // Incubators currently located in Central Boston Incubator/Accelerator Submarket Established Cambridge Innovation Center Financial District 214 MassChallenge Seaport District 21 TechStars South Station 213 WeWork South Station South Station 214 WeWork Seaport Seaport District 214 BOSTON FACT Mostly known as the major thoroughfare of the Back Bay, the commonly used Massachusetts place-name Boylston was the surname of well known 18th century businessman and philanthropist, Ward Nicholas Boylston. 3
4 Cambridge Highlights moved up 1.5 percent on 112, sf of negative absorption as average Class A asking lease rates surged $2.43 to $53.3 per sf. Pfizer s consolidation to its new, efficient Laboratory-type facility in East Cambridge from numerous locations, created a degree of negative absorption, particularly in older and Class B facilities. & // Cambridge sf in thousands The 7.1 million sf inventory of East & Mid Cambridge Class A space experienced positive absorption of 59, sf, and vacancy lowering to 4.5 percent. Less than three quarters of East Cambridge space remains at current consumption levels. Dwindling East Cambridge available space has s at the highest levels since the first quarter of 21. Google took occupancy of the 5, sf facility at 5 Cambridge Center to bring its total occupancy to more than 3, in the city. The city s first speculative office project in more than ten years, the 5, sf redevelopment of the Cambridge Courthouse is facing neighborhood opposition. Pfizer is marketing for sale its recently vacated Laboratory and office buildings at 87 Cambridgepark Drive and 2 Cambridgepark Drive, respectively. DivcoWest acquired the nine-building One Kendall Square ($395. million, 67, sf, $59 per sf), Jamestown purchased the two-building 245 First Street ($192.6 million, 295, sf, $652 per sf) and Beacon Capital Partners acquired 2 First Street ($78.3 million, 26, sf, $379 per sf). CURRENT DATA (1) (2) 7.2 Quarterly Last Twelve Months Class A Asking Rates // Cambridge $6 $5 $4 $3 $2 $1 $7-112, sf +586, sf CURRENT AVERAGE ASKING RATES EAST CAMBRIDGE MID CAMBRIDGE WEST CAMBRIDGE East Cambridge $59.89 Mid Cambridge West Cambridge $38.72 NA New Deliveries Highest in Twelve Years // Quarters with most office & Laboratory deliveries, last twelve years Q1'14 Q2'3 Q1'4 Q1'8 Q4'4 Q2'2 sf deliveries in millions CAMBRIDGE FACT Cambridge is home to the consulates of Switzerland and the United Kingdom, among the three of the 23 regional diplomatic missions not to be located in the Back Bay or Financial District; the other holdout, South Korea, is based in Newton. 4
5 Route 128 Highlights Tenants absorbed 13, sf as vacancy rose.1 percent to 15.2 percent and average Class A asking lease rates dipped $.1 to $27.8 per sf. & // Route sf in thousands 8 Moderate positive absorption reflected similarly moderate conditions throughout all 128 submarkets. A stabilization this quarter of average s appears to reflect a potentially emerging increasing competition among certain Class A inventory given the current wave of construction projects. Waltham Class A vacancy has plummeted to 12.5 percent from 17.7 percent over four quarters, with additional near-term decreases likely. Global Partners expanded by 73, sf in Waltham as Microline Surgical moved into 7, sf in Beverly, Nuance expanded by 33, sf in Burlington and Manet Healthcare moved into 12, sf in Milton; BAE Systems consolidated by 31, sf in Lexington. AspenTech will relocate its global headquarters to 143, sf in Bedford in the fourth quarter. The introduction of the formerly owner-occupied 134, sf Palomar Technology facility and the newly built 12, sf 78 Blanchard Road expanded Burlington vacancy despite continued positive absorption. RJ Kelly Company acquired 1&2 Burlington Mall Road in Burlington ($3. million, 154, sf, $195 per sf) as Capstone Properties acquired 5 Burlington Woods in Burlington ($21.7 million, 13, sf, $211 per sf). $35 $3 $25 $2 $ CURRENT DATA Class A Asking Rates // Route 128 $4 ROUTE 128 NORTH ROUTE 128 WEST ROUTE 128 SOUTH CURRENT AVERAGE ASKING RATES (2) (4) (6) (8) 15.2 Quarterly Last Twelve Months Route 128 North $26.55 Route 128 West $32.94 Route 128 South $ , sf +1.1 Million sf Investments off to the Races in 14 // First quarter investment sales in office property, first quarter 214 ASSET BUYER RBA (SF) $/SF Fan Pier (Vertex), Boston Senior Housing Prop. Tr. 1.1mm $1, Kendall Square, Cambridge DivcoWest Properties 67, $59 Center Plaza, Boston Shorenstein Properties 736, $ State Street, Boston Rockefeller Group 57, NA Summer St, Boston Deutsche Asset Manage. 26, $365 2 First Street, Cambridge Beacon Capital Partners 26, $ FACT While Boston s John Hancock Tower may be New England s tallest building, the title of tallest man made structure goes to the 1,295-foot Viacom broadcast tower in Needham; the steel structure is 55 feet taller than Boston s Big John. 5
6 Interstate 495 Highlights remained stable at 21. percent as tenants absorbed 318, sf; average s dipped $.7 to $2.3 per sf. & // Interstate sf in thousands 6 Schneider Electric moved into 236, sf in Andover from a number of locations, including North Andover and along Route 128; the new facility includes a 77, sf build-to-suit expansion. The large vacancy gap between Class A and Class B properties is widening throughout 495; a combined 14.7 percent Class A vacancy rate compares with a 25.3 percent Class B vacancy; those figures were 17.7 percent and 21.6 percent, respectively, a year ago. Three consecutive quarters of increasing s in 495 West, albeit slight, have rents $.31 per sf higher than at midyear 213. AMEC moved into 26, sf in Chelmsford as Precision Dermatology took occupancy of 25, sf in Franklin and Staples moved into 14, sf in Tewksbury; Kewill pulled out of 39, sf in Chelmsford Class A Asking Lease Rates // Interstate 495 $24 $ CURRENT DATA I-495 NORTH I-495 WEST I-495 SOUTH 4 2 (2) (4) (6) (8) 21. Quarterly Last Twelve Months sf in thousands +318, sf +14, sf Andover s Brickstone Square is being marketed for sale; the three-building textile mill redevelopment last traded in 25 and is one of very few one million sf building parks along Interstate 495. $22 $21 $2 $19 $18 $17 I-495 NORTH I-495 WEST I-495 SOUTH National Development divested 25 Research Drive in Westborough ($26.7 million, 282, sf, $95 per sf) as Ferris Development acquired 1 Research Drive in Westborough ($21.6 million, 284, sf, $76 per sf) and Pickwick Associates acquired 313 Speen Street in Natick ($8.6 million, 6, sf, $143 per sf). $16 CURRENT AVERAGE ASKING RATES I-495-North $18.85 I-495-West $21.2 I-495-South $2.94 Rent Growth Accelerating in Some Areas // Percent Class A premium to preceding five year average, submarkets premium/discount to five year average Class A rents S 495W 495N FD 128W 128N BB CAM 495 FACT North Andover s Boston Hills Ski Area, opened in 1957, was one of the first in the USA to use snow- making; the hill also introduced summer skiing, using a unique slide mat and ski lubricant system; Boston Hills closed in
7 Market Interesting CLEAR TO LAND Spurred on by Massport s International Air Service Incentive Program, a plethora of new air routes are connecting Boston to business centers around the world. The region will now have direct service to Central America, Asia and the Middle East, potentially giving rise to a whole new segment of business partners, investors and travelers not previously seen around here. BOSTON DIRECT AIR SERVICE BEFORE 213 BOSTON DIRECT AIR SERVICE AFTER 213 NOTABLE ONE-STOP DESTINATIONS Not currently reachable by commercial aircraft INTERNATIONAL METRO AREAS REACHABLE FROM LOGAN : OVER million 9 of the top ten Global Cities reachable by direct flight San Francisco Chicago New York Boston 1:3 INCREASE STILL THE CLOSEST Average flight times from key American cities to London Heathrow million PRIOR TO 213 CURRENTLY WITH NEW SERVICE $18,247 Airbus A34-6 1,2 ft Boeing ,92 ft WEIGHT (MTOW) OF A BOEING TO NEW ENGLAND ECONOMY = 6 :2 5 Boston (Logan) - 1,83 ft 438 TONS MAXIMUM TAKE-OFF ANNUAL IMPACT 7: RUNWAY LENGTHS OF & REQUIRED LENGTH FOR AIRCRAFT FIRST CLASS ROUNDTRIP TICKET TO DUBAI ON EMIRATES AIRLINES LOGAN S ESTIMATED 8: million passengers using Logan International during 213 $7.6 BILLION Airbus A33-3 9,9 ft Boeing ,249 ft Atlanta (Hartsfield) - 12,39 ft London (Heathrow) - 12,795 ft Chicago (O Hare) - 13,1 ft New York (JFK) - 14,511 ft Cessna 42 3,1 ft Dubai International - 14,59 ft
8 Spring // 214 /Occ Growth Construction $Cl A Asking Rent Area RSF Vac Q1 14 LTM* Growth** Comp LTM* Pipeline Class A 4Qtr Ch*** TOTAL MARKET 182, , ,51 2,981 $ BOSTON SUBMARKETS 71, , ,13 2,294 $ Financial District 35, $ Back Bay 13, $ Longwood/Inner South 5, $ Seaport District 7, ,3 $ Charlestown 2, $ Midtown 2, NA NA North Station 2, $28.. South Station 1, NA NA CAMBRIDGE 11, $ East Cambridge 7, $ Mid Cambridge 2, NA NA West Cambridge 1, $ SUBURBAN SUBMARKETS 99, , $ Inner North 3, $ Route 128 & I , , $ Route , , $ Route 128 North 25, $ Route 128 West 22, $ Route 128 South 13, $ I , $ I-495 North 15, $ I-495 West 16, $ I-495 South 2, $ ALL AMOUNTS, EXCEPT PERCENTAGES AND $ FIGURES IN THOUSANDS * LTM = Last twelve months // ** LTM absorption as a percentage of occupancy levels twelve months ago // *** Twelve months change in asking lease rate Copley Place Boston Transwestern RBJ acted as landlord representative for Simon Property Group, and tenant representative for Wayfair LLC in connection with a lease agreement and expansion. 275, SF 65 East Kendall Street Cambridge Transwestern RBJ acted as landlord representative for BioMed Realty Trust in connection with a lease transaction. 62,6 SF 725 Canton Street Norwood Transwestern RBJ acted as landlord representative for MSJ Canton Street LLC in connection with a lease agreement. 31,767 SF Brendan Carroll Senior Vice President of Research brendan.carroll@transwestern.com Copyright 214 Transwestern RBJ, all rights reserved
officestatus Summer // 2014
Summer // 2014 Boston Pops Orchestra July 4th Inside... Greater Boston records its fifth straight quarter of positive absorption State Street completes its relocation to the Seaport District 888 Boylston
More informationBOSTON OFFICE MARKET. Inside... FIRST QUARTER 2017 OFFICESTATUS FINANCIAL DISTRICT BOSTON
BOSTON OFFICE MARKET FIRST QUARTER 2017 OFFICESTATUS FINANCIAL DISTRICT BOSTON Inside...»»Tenants absorb 224,000 square feet during the first quarter of 2017.»»Class A product in Boston CBD contributed
More informationGOODWIN moved into its new, 375,000 sf facility in the Seaport District, the move was accompanied by a re-branding of the firm.
blue by encompass spectrum family Second Quarter 2016 all data as of, or for the quarter ended, June 30, 2016 ABSORPTION was a moderate 92,000 sf as four-quarter levels reached 3.0 million sf; vacancy
More informationRAPID7 leased 147,000 sf at the under construction first phase of Boston Properties 1.5 million sf Hub on Causeway project.
Blue by Perry Blue is Greater Boston s definitive resource for commercial office real estate discussion & analysis. Fourth Quarter 2017 all data as of, or for the quarter ended, December 31, 2017 @BOSqFt
More informationAMAZON will establish a second headquarters that is expected to create nearly 50,000 jobs; Boston is widely considered a contender.
Blue by Perry Blue is Greater Boston s definitive resource for commercial office real estate discussion & analysis. Third Quarter 2017 all data as of, or for the quarter ended, September 30, 2017 A SECOND
More informationChicago CBD 4.1% 10,900 Jobs 113,866 SF 2.5 MSF. 10 Transactions. Market Facts. Economic Overview. Third Quarter 2018 Office Market Report
Third Quarter 2018 Office Market Report Chicago CBD Market Facts 4.1% As of August 2018, unemployment stood at 4.1%, down 100 basis points (bps) year-over-year. 10,900 Jobs Jobs within the business services
More informationOffice. Scott Savacool, SIOR, CCIM Sansone Group
Office Scott Savacool, SIOR, CCIM Sansone Group Office Committee Jim Mosby, SIOR, CCIM Senior Managing Director, Principal, Cassidy Turley Chris Fox, SIOR, CCIM Executive Vice President, Gershman Commercial
More informationChicago CBD 4.3% 5.5 MSF 2.5 MSF. $680 Million 1.74 MSF. Market Facts. Economic Overview. Second Quarter 2018 Office Market Report
Second Quarter 2018 Office Market Report Chicago CBD Market Facts 4.3% As of June 2018, unemployment stood at 4.3%, down 110 basis points (bps) year-over-year. 5.5 MSF There are currently nine properties
More informationLife Sciences Outlook. New York City 2016
Life Sciences Outlook City 2016 City is emerging as a leading destination for biotech startups and the larger life sciences industry. Investors have committed millions of dollars throughout the city and
More informationSAN DIEGO S QUARTERLY ECONOMIC SNAPSHOT
SAN DIEGO S QUARTERLY ECONOMIC SNAPSHOT December 2018 SAN DIEGO HIGHLIGHTS IN THIS ISSUE Every quarter San Diego Regional EDC analyzes key economic indicators that are important to understanding the regional
More informationOffice Market Begins to Rebound in 2018 After 4 Years of Lackluster Leasing Activity
RESEARCH AND FORECAST REPORT - BAKERSFIELD, CALIFORNIA MID-YEAR 218 Office Market Begins to Rebound in 218 After 4 Years of Lackluster Leasing Activity Large blocks of sublease space and excess oil company
More informationLife Sciences Outlook. Westchester County 2016
Life Sciences Outlook Westchester County 2016 Westchester County Just a short distance from Manhattan, Westchester County is an ideal location to many firms looking to attract and retain talent. The access
More informationLife Sciences Outlook
Life Sciences Outlook Raleigh- 2013-2014 Mid-tier biotech and specialty pharmaceuticals drive demand Across North America, activity and demand within the life sciences industry seems to have shifted from
More informationPitchBook. Bet ter Data. Bet ter Decisions. 4Q 2012 Private Equity. Company Inventory. Report. Sponsored by:
4Q 2012 Private Equity Company Inventory Report Sponsored by: www.newstarfin.com Introduction In the last few quarters, an overwhelming number of the inquiries coming in to the Research Team have centered
More informationECONOMIC SNAPSHOT. A Summary of the San Diego Regional Economy UNEMPLOYMENT
A Summary of the San Diego Regional Economy Brought to you by San Diego Regional EDC analyzes key economic metrics that are important to understanding the regional economy and San Diego s standing relative
More informationDEAL PIPELINE (702)
TRACK RECORD DEAL PIPELINE ODYSSEY CHEYENNE INDUSTRIAL CENTER Las Vegas, Nevada 1 Building 87,000 Square Feet Four industrial tenant units for lease or for sale Equity raise closing November of 2018 Las
More informationHigh sale volume as investors capitalize on hot office market
MARKETVIEW San Diego Office, Q3 21 High sale volume as investors capitalize on hot office market Vacancy Rate Net Absorption Construction Lease Rate 13.4% 16,66 sq. ft. 337,3 sq. ft. $2.9 FSG Figure 1:
More informationECONOMIC SNAPSHOT. A Summary of the San Diego Regional Economy UNEMPLOYMENT
A Summary of the San Diego Regional Economy Brought to you by San Diego Regional EDC analyzes key economic metrics that are important to understanding the regional economy and San Diego s standing relative
More informationImproving local economy boosts quarterly results
MARKETVIEW San Diego Office, Q1 21 Improving local economy boosts quarterly results Vacancy Rate Net Absorption Construction Lease Rate 13.1% 233,3 sq. ft. 37,4 sq. ft. $2.4 FSG Figure 1: Net Absorption
More informationECONOMIC SNAPSHOT. A Summary of the San Diego Regional Economy UNEMPLOYMENT
A Summary of the San Diego Regional Economy UNEMPLOYMENT San Diego Regional EDC analyzes key economic metrics that are important to understanding the regional economy and San Diego's standing relative
More informationECONOMIC SNAPSHOT. A Summary of the San Diego Regional Economy UNEMPLOYMENT
A Summary of the San Diego Regional Economy Brought to you by San Diego Regional EDC analyzes key economic metrics that are important to understanding the regional economy and San Diego s standing relative
More informationReal Estate Trends and Outlook
Real Estate Trends and Outlook Lawrence Yun, Ph.D. Chief Economist NATIONAL ASSOCIATION OF REALTORS Presentation at NAR Region XII Conference Coeur d Alene, ID March 5, 2015 GDP Burst in 2014 Q2, Q3, Q4
More information% $ Market Report NEW JERSEY OFFICE 4Q Leasing Activity MSF. Net Absorption
Market Report NEW JERSEY OFFICE 4Q 2016 Accelerating success. ± % $ MSF Absorption SF 4Q 2016 Quarter-to- Quarter Change Year-to- Year Change YTD 2016 2,560,266-40.8% -12.5% 12,806,676 (636,072) (2,116,921)
More informationLife Sciences. An evolving industry: Today s clusters creating tomorrow s breakthroughs. Long Island JLL Research
Life Sciences Long Island 2017 An evolving industry: Today s clusters creating tomorrow s breakthroughs JLL Research Suffolk County Stony Brook University serves as an integral part of the research corridor
More information1Q Leasing Activity 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 $25 1,000,000 $24 (1,000,000)
Market Report NEW JERSEY OFFICE 1Q 217 Accelerating success. ± % $ MSF Absorption SF 1Q 217 Quarter-to- Quarter Change Year-to- Year Change YTD 216 2,412,942-5.1% -5.4% 2,412,942 (672,64) 32,261 (777,437)
More informationSAN DIEGO S QUARTERLY ECONOMIC SNAPSHOT
SAN DIEGO S QUARTERLY ECONOMIC SNAPSHOT February 2018 SAN DIEGO HIGHLIGHTS IN THIS ISSUE Every quarter San Diego Regional EDC analyzes key economic indicators that are important to understanding the regional
More informationLEHIGH VALLEY COMMERCIAL REAL ESTATE REPORT OFFICE & INDUSTRIAL MARKETS
www.lehighvalley.org LEHIGH VALLEY COMMERCIAL REAL ESTATE REPORT OFFICE & INDUSTRIAL MARKETS ISSUE # 008 Q4 2016 One of the core principles of the Lehigh Valley Economic Development Corporation (LVEDC)
More informationWest Los Angeles Office Market Report
FIRST QUARTER 2015 West Los Angeles Office Market Report Partnership. Performance. www.avisonyoung.com FIRST QUARTER 2015 New Jersey West Los Angeles Office Market Report Partnership. Performance. Market
More informationPeter Forman President & CEO South Shore Chamber of Commerce
June 28, 2018 Peter Forman President & CEO South Shore Chamber of Commerce George Toma Chairman South Shore Chamber of Commerce Jim McDonough President & CEO Envision Bank Elliot F. Eisenberg, Ph.D. President:
More informationLEASE RATES UP 5.5%; WAREHOUSE VACANCY 2.9%
SAN FRANCISCO INDUSTRIAL Q1 2017 MARKET SUMMARY: LEASE RATES UP 5.5%; WAREHOUSE VACANCY 2.9% The San Francisco overall industrial market ended Q1 2017 with vacancies at 3.4% (548,790 sf negative absorption),
More informationGrowth and Complexity of Real Estate
Growth and Complexity of Real Estate Steven Littman & Jane Lyons, IRC USA - Rhodes Associates Jan. 1, 2015 There is an increasing flow of investment capital into global real estate markets, creating a
More informationS E C O N D Q U A R T E R
SECOND QUARTER 2018 U.S. TRENDLINES 5-Year Trend VACANCY Current Quarter ABSORPTION All signs point to continued growth More tenants seeking spaces than 8 consecutive years availabilities - of especially
More informationSAN DIEGO S QUARTERLY ECONOMIC SNAPSHOT
SAN DIEGO S QUARTERLY ECONOMIC SNAPSHOT November 2017 SAN DIEGO HIGHLIGHTS IN THIS ISSUE Every quarter San Diego Regional EDC analyzes key economic indicators that are important to understanding the regional
More informationConvene and RXR Realty Partner to Bring Premier Meeting Lounge, Event Space and Workplace Hospitality Services to Newly Renovated 237 Park Avenue
FOR IMMEDIATE RELEASE Media Contacts: For Convene For RXR Realty Bennie Sham / Rick Anderson Diana Kashan Feintuch Communications DKC Public Relations 212-808-4904 / 718-986-1596 212-981-5161 convene@feintuchpr.com
More informationHouston s industrial market added 11.2M SF of new inventory and absorbed 9M SF in 2018
Research & Forecast Report HOUSTON INDUSTRIAL Houston s industrial market added 11.2M SF of new inventory and absorbed 9M SF in 2018 Lisa Bridges Director of Market Research Houston Houston s industrial
More informationLife Sciences. An evolving industry: Today s clusters creating tomorrow s breakthroughs. New Jersey JLL Research
Life Sciences New Jersey 2017 An evolving industry: Today s clusters creating tomorrow s breakthroughs JLL Research 2 New Jersey Over the course of the past 130 years, the pharmaceutical/life sciences
More informationF O U R T H Q U A R T E R
FOURTH QUARTER 2018 U.S. TRENDLINES 5-Year Trend Current Quarter UNEMPLOYMENT RATE 3.9% Strongest quarter for job gains in 2018 RETAIL SALES All signs GROWTH point to continued growth More tenants seeking
More informationInside... YEAR-END 2016 BOSTON LAB MARKET YEAR-END REPORT. 1.4 million square feet currently under construction in the market.
biostatus YEAREND 2016 BOSTON LAB MARKET YEAREND REPORT Inside... 1.4 million square feet currently under construction in the market. Availability in Boston is 2.5%, down from 6.2% in the first quarter
More informationNet Lease Investment Outlook
United States H1 2018 JLL Research Report Net Lease Investment Outlook First half of 2018 outperforms but overall selectivity prevails 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Net lease
More informationNORTHERN VIRGINIA OFFICE MARKET
REAL ESTATE OUTLOOK NORTHERN VIRGINIA OFFICE MARKET Office market fundamentals mixed in Q1 Negative absorption accompanied by an increase in rents During the first three months of 2017, Northern Virginia
More informationDropbox, Inc. signed a 736,000 SF lease in San Francisco s Mission Bay making it the single largest lease in the city s history.
FOURTH QUARTER 2017 U.S. TRENDLINES 5-Year Trend Current Quarter VACANCY ABSORPTION 11.5% Lowest in 10 years 13.4 MSF All signs point to continued growth 31 quarters of More tenants positive seeking growth
More informationInfrastructure Improvements Position Market For Future Expansion
Research & Forecast Report COLUMBIA, SC INDUSTRIAL Q2 2016 Infrastructure Improvements Position Market For Future Expansion Bryana Mistretta Research Coordinator South Carolina Key Takeaways > > South
More informationOFFICE MARKET. DFW Office Market Continues to Show Solid Improvements Office rental rates are at an all time high
Q2 2018 DALLAS-FORT WORTH OFFICE MARKET DFW Office Market Continues to Show Solid Improvements Office rental rates are at an all time high OVERVIEW Dallas-Fort Worth Labor Market Remains Tight Texas economy
More informationECONOMIC SNAPSHOT. A Summary of the San Diego Regional Economy UNEMPLOYMENT
A Summary of the San Diego Regional Economy Brought to you by analyzes key economic metrics that are important to understanding the regional economy and San Diego s standing relative to other major metropolitan
More informationPLUS REVIEW Q Quarterly Economic Indicators 18 Counties of Northeast Ohio
PLUS REVIEW Q2 Quarterly Economic Indicators 18 Counties of Northeast Ohio Unemployment in the Cleveland Plus region continues to trend lower than the national average. Manufacturing, which represents
More informationPortland State of the Market 2016
RESILIENT & RISING Portland State of the Market 2016 Portland why all the hype? Source: JLL Research Highest GDP Growth Oregon has the fastest real GDP growth in the nation at 3.9% in Q1 2016 Highest Job
More informationVACANCY DECREASES TO 3.4%; RENTS UP 3.5%
INDUSTRIAL Q3 2017 MARKET SUMMARY San Francisco & Peninsula VACANCY DECREASES TO 3.4%; RENTS UP 3.5% Industrial space available for lease or sale remains in high demand in the San Francisco marketplace.
More informationOFFICE MARKET. Another Strong Quarter in Northern Virginia Strong demand coupled with rising rental rates. 28,200 jobs 12-months ending July 2018
Q3 2018 NORTHERN VIRGINIA OFFICE MARKET Another Strong Quarter in Strong demand coupled with rising rental rates OVERVIEW Vacancy Remains Unchanged as Rents Inch Higher Employment increased by 28,200 jobs
More informationLife Sciences Outlook
New Jersey 2018 JLL Research Report Life Sciences Outlook Breakthrough discoveries at a breathtaking pace 2 New Jersey The pharmaceutical/life sciences industry has historically been one of New Jersey
More informationTaking the Measure of St. Louis
Taking the Measure of St. Louis The views expressed here are those of the speakers and do not necessarily represent the views of the Federal Reserve Bank of St. Louis or of the Federal Reserve System.
More informationMemo to the Planning Commission HEARING DATE: APRIL 28, 2016
Memo to the Planning Commission HEARING DATE: APRIL 28, 2016 Date: April 20, 2016 Hearing Title: Informational Overview of San Francisco Job and Office Trends 1985-2015 and Update on Office Development
More informationEconomic & Housing Market Outlook
Economic & Housing Market Outlook By Lawrence Yun, Ph.D. Chief Economist, National Association of REALTORS Presentations to NAR Annual Conference Boston, MA November 2, 2018 Existing Home Sales Since
More informationKing Street, HCP Fill 70,725 sf at Hayden Research Campus Via JLL, Newmark -The R...
Page 1 of 11 Thu, May 10 A Compendium of Property & Capital News King Street, HCP Fill 70,725 sf at Hayden Research Campus Via JLL, Newmark 4 May 08, 2018 By Joe Clements Hayden Research Campus, Lexington
More informationPACIFIC CENTER COURT. san diego, california EXECUTIVE SUMMARY AN EXCEPTIONAL REPOSITIONING OPPORTUNITY
AN EXCEPTIONAL REPOSITIONING OPPORTUNITY 10455 san diego, california Holliday GP Corp. ( HFF ), a California licensed real estate broker, California License #01385740 10455 INVESTMENT ADVISORY TEAM NICK
More informationChicago Industrial Market Starts Strong Following Impressive 2017 Market Update & 2018 Forecast
2018 Starts Strong Following Impressive 2017 Market Update & 2018 Forecast Chicago is the second largest industrial market in the US Top 10 US industrial markets by inventory size Detroit San Francisco
More informationSouthwest Airlines Co. Proposed Fuel Facility Lease at Dallas Love Field Briefing to the City Council Economic Development Committee Department of Aviation October 5, 2009 1 Purpose To review the proposed
More informationEconomic and Real Estate Market Outlook
Economic and Real Estate Market Outlook By Lawrence Yun, Ph.D. Chief Economist, National Association of REALTORS Presentation at Miami International Congress Miami, FL November 1, 2016 Lifetime Wealth
More informationGEORGE RATIU Director, Quantitative & Commercial Research National Association of REALTORS
GEORGE RATIU Director, Quantitative & Commercial Research National Association of REALTORS 2015 CCIM Commercial Real Estate Outlook Conference Wednesday, January 21, 2015 Coral Gables, FL Where Are We
More informationPLUS REVIEW Q Quarterly Economic Indicators 18 Counties of Northeast Ohio
For Q2, most of the economic indicators tracked in this report total employment, unemployment rate, change in employment by sector, gross regional product, industrial and office vacancy, and Ohio Utica
More informationLife Sciences Outlook. Long Island 2016
Life Sciences Outlook Long Island 2016 Long Island The Long Island life sciences landscape will continue to fuel the economy as firms emerge from Cold Spring Harbor Laboratory in Nassau County, as well
More informationSAN DIEGO S QUARTERLY ECONOMIC SNAPSHOT
SAN DIEGO S QUARTERLY ECONOMIC SNAPSHOT August 2017 highlights in THIS ISSUE Every quarter Regional EDC analyzes key economic indicators that are important to understanding the regional economy and the
More informationHouston s industrial market continues to expand, adding 4.4M SF of inventory in the third quarter
Research & Forecast Report HOUSTON INDUSTRIAL Houston s industrial market continues to expand, adding 4.4M SF of inventory in the third quarter Lisa Bridges Director of Market Research Houston Houston
More informationSilicon Valley Venture Capital Survey Second Quarter 2018
fenwick & west Silicon Valley Venture Capital Survey Second Quarter 2018 Full Analysis Silicon Valley Venture Capital Survey Second Quarter 2018 fenwick & west Full Analysis Cynthia Clarfield Hess, Mark
More informationWelcome to the 10 th Annual Real Estate Symposium for The Lake of the Ozarks. October 5th, 2017 Osage National Golf Resort
Welcome to the 10 th Annual Real Estate Symposium for The Lake of the Ozarks October 5th, 2017 Osage National Golf Resort Economic and Real Estate Market Outlook October, 2017 Steve Snook, Senior Business
More informationNorth American Business Activity Statistics
Second Quarter 2014 XTeam Partner: Strategic Retail Advisors (Boston, MA) Room & Board: Newbury Street Flagship Store (39,000 SF) WE ARE over 400 professionals in 35 offices throughout North America. We
More informationHouston s Industrial Market Adds 2.5M SF of New Inventory In First Half of 2013 Vacancy Remains at 5.0% Houston
Q2 2013 INDUSTRIAL MARKET HOUSTON INDUSTRIAL MARKET RESEARCH & FORECAST REPORT Houston s Industrial Market Adds 2.5M SF of New Inventory In First Half of 2013 Remains at 5.0% Houston HOUSTON INDUSTRIAL
More informationThe Shape of Things to Come: Massachusetts June 18, 2010 Newton Marriott Hotel
The Shape of Things to Come: Massachusetts 2020 June 18, 2010 Newton Marriott Hotel Mark Nemec, Ph.D Managing Director, Technology Industry Client Group Forrester Research Some Thoughts on The Reset Economy
More information2Q 15. Long Island Market Report
2Q 15 Long Island Market Report Long Island Office 2Q 215 Long Island 2Q15 Office Office Report The Long Island office market ended the 2nd quarter 215 with an decreased vacancy rate of 8.2%. The vacancy
More informationHoulihan Lawrence Luxury Market Report
Houlihan Lawrence Luxury Market Report 4th Quarter 2012 HoulihanLawrence.com Presented by Anthony Cutugno Senior Vice President Director of Luxury Country Properties Direct: 914.234.0308 ACutugno@houlihanlawrence.com
More informationPRIVATE CLIENT INVESTMENT REPORT
PRIVATE CLIENT INVESTMENT REPORT PRIVATE CLIENT INVESTMENT REPORT SAN DIEGO COUNTY 2Q 2015 Colliers of San Diego s Quarterly Investment Report is produced for Owner User and Private Client Investors with
More informationLos Angeles County Office Market Report
FIRST QUARTER 2015 Los Angeles County Office Market Report Partnership. Performance. www.avisonyoung.com New Jersey FIRST QUARTER 2015 Los Angeles County Office Market Report Partnership. Performance.
More informationWWW.CAMBRIDGECROSSING.COM This is what bravery would look like if bravery were a place. Cambridge Crossing is the home for brave ideas. The home for the fearless and the intrepid. For those unafraid to
More informationPrivate Equity Market Update. February 2013
Private Equity Market Update February 213 U.S. Private Equity Deal Activity Deal activity in the first three quarters of 212 was lower than the corresponding quarters in 211 due to a number of factors.
More informationOFFERING MEMORANDUM. WALMART 2640 Crossing Circle, Traverse City, MI ROBERT BENDER KEVIN J. BAKER DANIEL H.
OFFERING MEMORANDUM WALMART 2640 Crossing Circle, Traverse City, MI 49684 DANIEL H. KUKES KEVIN J. BAKER DOUG PASSON ROBERT BENDER Principal dkukes@landmarkcres.com (248) 488-2620 Principal kbaker@landmarkcres.com
More informationThe Complexities of Mixed Use
The Complexities of Mixed Use 2:30 pm 5:00 pm Thursday, October 15, 2015 Piper Auditorium, Gund Hall MDes Real Estate & the Built Environment Harvard University Graduate School of Design 48 Quincy Street,
More informationPwC Deals $42B. Global Pharma & Life Sciences Deals Insights Q Update
PwC Deals Q3 16 Update Executive summary Global Pharma and Life Sciences (PLS) deal activity declined both in volume and value this quarter compared to the prior quarter and Q3 15. The considerable decrease
More informationCompeting in the 21 st Century
Competing in the 21 st Century America s First Road Trip Horatio Nelson Jackson, Sewall K. Crocker & Bud 1-2 December 2009 Source: www.pbs.org Six Converging Forces Globalization Environmental Technological
More informationESCONDIDO VALLEY CENTER. 1346, 1352 & 1358 West Valley Parkway Escondido, California SAN DIEGO GROCERY-ANCHORED INVESTMENT OPPORTUNITY
ESCONDIDO VALLEY CENTER 1346, 1352 & 1358 West Valley Parkway Escondido, California 92029 SAN DIEGO GROCERY-ANCHORED INVESTMENT OPPORTUNITY INVESTMENT ADVISORS ROB IPPOLITO T +1 858 875 5925 rippolito@ngkf.com
More informationMixed Use Case Studies: The Price of Success
Mixed Use Case Studies: The Price of Success Marc DeCandia Sharon Coleman Joe Haeussler Kevin Jennings Britt Snider Ballard Spahr Vulcan Real Estate The Corky McMillin Companies Bank of America Merrill
More informationNJEN: STATE AND FEDERAL RESOURCES FOR ENTREPRENEURS. April 13, 2016
NJEN: STATE AND FEDERAL RESOURCES FOR ENTREPRENEURS April 13, 2016 New Jersey Economic Development Authority Mission The New Jersey Economic Development Authority (EDA) is an independent State agency that
More informationIsrael Venture Capital Investments Report Q3 2017
Israel Venture Capital Investments Report Q3 2017 NOVEMBER 2017 Summary of Israeli Venture Capital Raising Q3/2017 +14% from Q2/2017 Israeli high-tech capital raising summed up to $1.44B @ ALL RIGHTS RESERVED.
More informationUS Productivity After the Dot Com Bust
McKinsey Global Institute US Productivity After the Dot Com Bust Diana Farrell Martin Baily Jaana Remes December 2005 McKinsey Global Institute The McKinsey Global Institute (MGI) was established in 1990
More informationCommercial Investment Portfolio Sale
Commercial Investment Portfolio Sale Key Highlights >> Three-property portfolio sale in Downtown Columbia, South Carolina >> Four buildings totaling ±37,200 SF >> Family leased & managed for 50+ years
More information10025 Huennekens Street
FOR SALE $2,950,000 A freestanding 16,169 SF R&D/manufacturing/ warehouse building located in Sorrento Mesa CARMEL VALLEY 15 POWAY 5 SITE MIRA MESA SORRENTO MESA UTC MIRAMAR SCRIPPS RANCH LA JOLLA SANTEE
More information261 Gorham Road South Portland, ME Company Profile
Company Profile Preservation Management, Inc. (PMI) has been providing comprehensive residential and commercial property management services since 1990. Over the last two decades PMI has grown to manage
More information$3.5 Billion Acquisition of Nation s No. 2 Company in Growing Moist Snuff Category. Deal at a Glance
Reynolds American Enters Smokeless Tobacco Category Via Acquisition of Conwood $3.5 Billion Acquisition of Nation s No. 2 Company in Growing Moist Snuff Category Deal at a Glance 2005 Financial Summary
More informationWWW.CAMBRIDGECROSSING.COM This is what bravery would look like if bravery were a place. Cambridge Crossing is the home for brave ideas. The home for the fearless and the intrepid. For those unafraid to
More information2 nd Quarter Earnings Conference Call
2 nd Quarter Earnings Conference Call KKR & Co. Inc. Investor Update July 26, 2018 Recent Milestones K-1 $ Converted to a Corporation on July 1, 2018 Investor Day held on July 9, 2018 2 Key Metrics Assets
More informationEconomic & Housing Outlook
Economic & Housing Outlook By Lawrence Yun, Ph.D. Chief Economist, National Association of REALTORS Presentation at Northern Arizona Association of REALTORS November 30, 2017 Tax Reform Mortgage interest
More informationHOUSTON INDUSTRIAL MARKET
REAL ESTATE OUTLOOK HOUSTON INDUSTRIAL MARKET FIRST QUARTER 8 Industrial Market Continues Push Forward Construction Pipeline Nears 8. million SF OV E R V I E W Keep Market Strong The Houston industrial
More information2007 Major Business Expansion Activity in Southern California
2007 Major Business Expansion Activity in Los Angeles Economic Development Corporation The Kyser Center for Economic Research Written by Candice Flor Hynek Jack Kyser Nancy D. Sidhu, Ph.D. March 2008 444
More informationINDUSTRIAL MARKET REPORT
PORTLAND INDUSTRIAL MARKET REPORT capacitycommercial.com WHERE ARE WE NOW? Total Inventory Total Vacancy Vacancy Rate Absorption Under Construction 200,897,366 SF 6,286,464 SF 3.1% 1,130,132 SF 2,478,823
More informationReal Estate Joint Ventures & Equity Investment
Real Estate Joint Ventures & Equity Investment Sophisticated investors, developers and business owners across many industries look to Goulston & Storrs for advice and assistance related to all facets of
More informationHEITMAN CAPITAL MANAGEMENT LLC
Firm: HEITMAN CAPITAL MANAGEMENT LLC HEITMAN CAPITAL MANAGEMENT LLC Asset Manager Founded in Hidden Hidden Hidden Hidden Beach Co. sells The Boulevard for $66.5M Headcount: Hidden Assets Under Management:
More informationVenture Capital Industry Overview. Powered By:
Venture Capital Industry Overview Powered By: U.S. U.S. Fundraising Fundraising Slows in 1Q 05 Commitments to Venture Capital Funds $80 $83.5 Funds Raised ($B) $60 $40 $20 $0 $58.8 $50.5 $26.9 $17.1 $17.7
More informationMedtech Slowdown. Life sciences venture capital funding lagged behind other industries, declining 10% in 4Q13 and 1% in 2013 over last year
www.pwc.com Medtech Slowdown Life sciences venture capital funding lagged behind other industries, declining 10% in 4Q13 and 1% in 2013 over last year February 2014 2 PwC US venture capital funding for
More informationPM REALTY GROUP CORPORATE FACT SHEET
FOR IMMEDIATE RELEASE CONTACT: Sommer Bukowski January 1, 2009 CORPORATE PROFILE PM REALTY GROUP CORPORATE FACT SHEET is a privately-held real estate service organization with more than 1,300 employees
More informationNEW JERSEY INDUSTRY SPOTLIGHT LIFE SCIENCES CUSHMAN & WAKEFIELD RESEARCH
NEW JERSEY INDUSTRY SPOTLIGHT LIFE SCIENCES CUSHMAN & WAKEFIELD RESEARCH TABLE OF CONTENTS Cushman & Wakefield 2 3 KEY TAKEAWAYS 4 ECONOMIC IMPACT 5 R&D / FLEX MARKET 6 CLASS A OFFICE MARKET 7 LIFE SCIENCES
More informationJEGI FIRST HALF 2017 M&A OVERVIEW
Press Launch Date: New York, NY June 29, 2017 Contact: Adam Gross, Chief Marketing Officer +1 212 754 0710 adamg@jegi.com www.jegi.com JEGI FIRST HALF 2017 M&A OVERVIEW Highly Active M&A Market Driven
More informationKKR & Co. Inc. Goldman Sachs U.S. Financial Services Conference December 4, 2018
KKR & Co. Inc. Goldman Sachs U.S. Financial Services Conference December 4, 2018 KKR Today Private Markets Public Markets Capital Markets Principal Activities $104bn AUM $91bn AUM Global Franchise $19bn
More information