“Receivership” is an ominous word; “distressed” isn’t much better. Aside from ‘bad”, what does that really mean? Today, most have firsthand experience with how the pandemic transformed remote work from a perk to an amenity. Combined with the financial stress many businesses and landlords experienced during the same period, the budgets for many assets look […]
The convenience store sector has emerged as a retail powerhouse, achieving $860 billion in sales in 2023. Following a record 534,262 square feet leased in 2021, store leasing activity remains robust, with over 500,000 square feet leased last year. The U.S. now boasts over 152,000 convenience stores, marking a 1.5% year-over-year increase. A mix of […]
While not discounting the challenges borrowers face in finding new loans or refinancing their existing ones, a bright spot has emerged in the lending environment: private-label CMBS. That said, we are a long way from the heyday of 2005-2007 when annual issuance soared to $230.5 billion. In the pre-interest-rate cycle between 2013-2021, CMBS averaged $84.2 […]
Spec suites, spaces built out by the landlord on a speculative basis, have been around for decades. Typically under 10,000 square feet, these move-in-ready suites appeal to many tenants who don’t want or know how to handle the logistics of getting office space ready to occupy. Spec suites attract tenants who lease space infrequently and […]
The 2024 National Industrial Conference brought together industry leaders and industrial real estate professionals to discuss the current market landscape and the industrial sector trends. This year’s discussions focused on occupier strategies, demand in niche industrial sectors, global influences, and investment opportunities that are set to impact the industry in the coming years. Navigating a […]
Since the end of 2012, the United States General Services Administration (GSA) has been actively working to reduce the size of its leased footprint. At its peak in December 2012, GSA leased 198.6 million square feet of space (MSF) across the United States. As of yearend 2023, the agency had shed almost 21 MSF of […]
Despite headline-grabbing articles flooding our inboxes with dire predictions about the office market, the data tells a more complex story. While the office sector faces significant challenges for owners and landlords – such as muted demand, elevated interest rates, and looming debt maturities – these pressures are impacting occupiers in a different way. The complexities […]
As we enter the year’s final quarter, the U.S. retail market continues to demonstrate impressive resilience, with vacancy rates holding steady and fueling confidence in the sector’s performance. Competition for available space is heating up, driven by limited tenant consolidation, fewer moveouts, and a constrained supply pipeline. Retailers are eager to grow, but leasing activity […]
More than 700 Colliers professionals and clients attended the National Industrial Conference in Chicago on September 25-26. Here are 10 takeaways and observations surrounding capital markets:
Industrial tenant occupancies picked up during the first half of 2024, particularly in bulk space 100,000 SF or greater. New bulk occupancies totaled 151 million SF, a 7.4% increase compared to the first half of 2023. Tenants took occupancy on 585 new leases and user sales 100,000 SF or greater during the first half of […]
The healthcare industry faces significant challenges, from talent shortages to the growing impact of inflation on operational costs. During the recent Colliers National Healthcare Conference (NHC), a panel of providers delved into these pressing issues and explored strategies for healthcare organizations to adapt. The discussion highlighted the importance of long-term real estate planning, workforce solutions, […]
Office Office may have found a bottom, at least in terms of volume. The asset class has now posted back-to-back months of stronger volume compared to one year ago. Total transactions remain low, but activity is increasing in the $100 million+ price category. User buyers were a theme in August. Microsoft acquired its 644,000 SF […]
Healthcare facilities present distinct challenges when it comes to real estate management. Unlike other industries, the management of these properties requires an acute focus on operational efficiency, safety, and compliance. Healthcare real estate management is not just about physical space but about providing an environment conducive to high-quality care while balancing stringent regulatory demands and […]
In this episode of CRE: Industries Revealed, Anjee Solanki is joined by Colliers’ North American Law Firm Practice Group experts Dan Arends and Colin Scarlett as they explore the evolving real estate needs of law firms, diving into trends such as office downsizing, hybrid work strategies, and the impact of AI on legal services. The conversation […]
Over the last year, nearly every retail segment experienced an upward swing in visitations. Shoppers returned to stores in force with mall foot traffic experiencing a boost, right along with downtown shopping corridors, driven by seasonal sales. The in-store shopping experience remains unmatched, as retailers are eager to welcome back those consumers who crave the […]
The key themes and takeaways from the Colliers National Healthcare Conference in San Diego shed light on the pressures and emerging opportunities in the healthcare industry. With insights provided by leaders across the sector, the discussions explored the intersecting political, economic, demographic, and operational factors influencing the future of healthcare. Strategies for Efficiency: Vertical Integration […]
At Colliers, we understand the importance of interconnected data, macroeconomic trends, and anecdotes in real estate decisions. With that in mind, here are 10 numbers and trends that have recently caught our attention:
The federal government is the largest owner and occupier of office space in the United States. In 2012, the official “Freeze the Footprint” policy issued by the Office of Management and Budget (OMB) directed federal agencies to avoid further increases in real estate inventory. Then, in 2015, the “Reduce the Footprint” follow-up policy required agencies […]
Hybrid Work Growth and its Impact In the post-pandemic world, hybrid work models have transformed where and how people work and their shopping habits. With more flexible schedules, many workers are shifting their errands, including grocery shopping, to weekdays rather than the traditionally busy weekends. Flexibility in working from home has allowed consumers to shop […]
It’s no secret that the U.S. has a lot of places to shop, leading other nations by a wide margin in terms of retail SF/capita. However, since the housing bust of the mid-2000s, development has been rather restrained. In fact, the amount of space per person has decreased only slightly, by nearly 1 SF, to […]