The Most Comprehensive Source for Commercial Real Estate News in the Region 

Here we are working, some of us, through the dog days of summer in the commercial real estate world. I remember early on in my career, whenever that was, some wily Veterans would tell me to take the summer off since nothing happens anyway. I could never get myself to buy in that approach other than taking a little more time off every summer. My daughter is renting a house in the Hamptons for the summer makes those words of wisdom in the past resound even louder. I am hearing

When news of the DTZ acquisition of Cushman & Wakefield broke a couple months ago, not many of us in the industry were surprised to hear it. And not just because the planned merger had been rumored for months. Rather, consolation in the brokerage services sector of the commercial real estate industry has been going on for years, and it is accelerating toward the creation of a smaller group of very large brokerage companies that offer similar services. Invariably and based on

Inventory remains tight and demand continues to increase for quality New Jersey industrial space, according to Transwestern’s Second-Quarter 2015 Industrial Market report. As a result, industrial properties east of Interstate 287 are experiencing a surge of activity, with an intensified interest in outer regions with accessibility to the port markets.“We expect that potential redevelopment properties could see tenants in place even before construction is complete,” said Alex

Washington, DC — The commercial real estate development industry in 2014 saw its best year since 2007, according to an annual report on the state of the industry released by the NAIOP Research Foundation. The report, entitled “The Economic Impacts of Commercial Real Estate,” determined that the economic contributions yielded by the development process increased significantly by 40% over the previous year, the largest gain since the market began to recover in 2011. Direct exp

Class DisparityThe first half of 2015 closed with vacancy at 16.0%, having inched upward by 60 basis points in the second quarter from 15.4% in the previous quarter. Class B product was responsible for most of the increase, with a 170-basis-point increase over last quarter. This translated into 201,211 s/f of negative net absorption during the second quarter. Fortunately, Class A vacancy rose by a negligible 10 basis points to rest at 11.9%, while Class A weighted asking rent

Suburban OverviewThe Greater Reading Suburban Office Market ended the 2nd quarter of 2015 with a vacancy rate for class A Office buildings at 10.93% percent which includes existing and proposed sites. The vacancy rate for only existing class A office buildings is 4.57%. This is a decrease in vacancy rates from end of 1st Quarter 2015, and a decrease from the same period 2014 which was at 13.55%. The average rental rates remained unchanged at $17.50 - $22.50 per s/f Modified G