After a tsunami of store closing announcements during the first half of the year, experts forecast that the remainder of 2015 will be relatively quiet as retailers focus on getting through the holiday season. However, retailers will continue to shutter stores throughout the year as leases expire....More
To make it easier to calculate what total office occupancy costs are in the world’s major office markets, CBRE has just published its semi-annual Global Prime Office Occupancy Costs survey, and here we take a look at the most expensive cities in the United States.
Strong demand for office space is pushing up rents at class-A buildings in all the major U.S. cities, and times have become more challenging for tenants, though they still hold the power in many parts of the country....More
Rents in Manhattan’s famous shopping districts are among the priciest in the world—so pricey, in fact, that many retailers and restaurants have been forced to abandon them in favor of less expensive locales....More
Just because you’re bringing in revenue doesn’t mean your commercial property is profitable. Particularly in properties with small spaces and multiple tenants, it’s easy to chip away at profitability in the minutia of managing the leasing process....More
As major global tech companies like Google and Facebook gobble up office buildings and plan new construction, Twitter is bucking the trend by continuing to lease office space, albeit in the coolest new buildings around.
Giving credence to the theory that the retail sector may be strong enough to spur an interest rate hike in the near future, U.S. chain retailers upped their store opening plans both month-over-month and year-over-year in May....More
Retailers across the nation are rightsizing their bricks-and-mortar stores, driven by several factors, including omni-channel, showrooming, improved inventory management and the desire to expand into urban environments....More