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Is Office Leasing Rebounding? The Factors Driving Leasing Growth

Is Office Leasing Rebounding? The Factors Driving Leasing Growth

In this article, we explore: The recent surge in office leasing and its impact on market recovery Growing demand for large office spaces over 100,000 square feet How the "flight-to-quality" trend is boosting premium property leases Regional leasing growth highlights, including Baltimore and Texas This quarter witnessed the fastest growth in the office leasing rate […]
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Exploring the Office Market’s Flight-To-Quality Across the Country

In this article, you'll learn: The growing trend of tenants favoring premium over older office spaces. The rising demand and higher rental rates for Class A and Trophy Class offices. How the flight-to-quality affects office market valuations and tenant leverage. Key strategies for tenants to negotiate better deals and capitalize on market conditions. Despite the […]
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The Costly Complexities of Office Conversion Projects

In this article, you'll learn: The high costs and challenges of converting office spaces to residential units. Logistical hurdles like meeting residential codes and structural changes. Economic impact of office vacancies and the push for conversion. Current limitations and future outlook for office-to-housing conversions. While nearly 20% of office spaces are currently empty across the United States […]
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CMBS Delinquency at Highest Levels Since 2021: Is Your Office Lease in Danger?

What You'll Learn in This Article: The impact of rising CMBS delinquency on the office market and corporate tenants Key risk factors for office buildings, including older properties and metropolitan locations The influence of crime rates on office occupancy and tenant demand What tenants should know and prepare for as commercial real estate faces ongoing […]
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The South Reigns Supreme: How 6 States Are Transforming the Nation’s GDP

In this article, you'll learn: How the South has surpassed the Northeast in economic influence. Factors driving migration and business relocations to Southern states. Economic benefits and challenges of moving to the South. Tenant opportunities in both regions amidst these shifts. The Northeast CRE market has long been a national stronghold of financial power. But […]
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Should You Put Your Tenant Improvement Allowance in Escrow?

In this article, you'll learn: The benefits of placing your Tenant Improvement Allowance (TIA) in escrow. How escrow accounts protect tenants and ensure proper use of funds. Current trends in office market pressures and rising TIA offers. Negotiating the Tenant Improvement Allowance (TIA) was already one of the most critical aspects of lease negotiation. Now, […]
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Top 5 States for Manufacturing Space in 2023

In this article, you'll learn: The top five states for manufacturing space in 2023. Key factors making California, Texas, Ohio, Illinois, and Michigan prime locations. The impact of recent trends on manufacturing space demand. Opportunities and challenges in each state's manufacturing market. The United States stands as a powerhouse in global manufacturing but determining the […]
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CRE is Melting Down Fast. Are Bank Bailouts on The Horizon?

In this article, you'll learn: The current crisis in commercial real estate and its potential impacts. Key factors driving devaluations, high vacancies, and bank bailouts. Insights from Elon Musk and Jerome Powell on the unfolding situation. Essential advice for tenants in navigating the evolving CRE landscape. “We really haven’t seen the commercial real estate shoe […]
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Office Tenants: Don’t Sign That New Lease Before Negotiating Self-Help Rights

In this article, you'll learn: Why a Self-Help Clause is crucial for tenants amid landlord defaults. Current commercial real estate challenges and property devaluations. How a Self-Help Clause helps tenants manage maintenance if landlords fail. Tips for negotiating this clause and the potential pushback from landlords. Extraordinary times call for extraordinary measures. With landlords defaulting […]
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5 Cities With the Highest Office Vacancy Rates

In this article, you'll learn: The top five cities with the highest office vacancy rates. Key factors contributing to high vacancies in these cities. The potential opportunities for tenants in a high-vacancy market. How market conditions might change and affect leasing strategies. Successfully navigating the ever-changing landscape of the office market demands that tenants stay […]
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Office Tenants: The Clause That Can Save Your Tenancy is The SNDA

In this article, you'll learn: Why the Subordination, Non-Disturbance, and Attornment (SNDA) clause is essential for office tenants. How the SNDA protects tenants in case of landlord default or foreclosure. The current leasing environment and rising landlord defaults. Tips for negotiating an SNDA and why it's crucial for securing tenancy In a leasing environment where […]
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Half of the World’s Largest Companies are Right-Sizing Their Footprints

In this article, you'll discover: Top companies are cutting office space in response to new work trends. Businesses are using advanced metrics to optimize office usage. Rising office vacancies and subleases create tenant opportunities. Tenant Reps can help negotiate better lease terms and right-size space. In a now fully post-pandemic environment, businesses are now shifting […]
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Heather Smith

Herrington Editor Post Blog

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