“Exclusively Representing Tenants and Buyers of Commercial Real Estate”

National Market Report

20

Mar2023
Overview Heading into 2023, U.S. industrial leasing activity continues to hold near record highs, up a remarkable 60% compared to pre-pandemic levels. Even as North America's largest industrial user, Amazon, has pumped the brakes on its distribution network expansion, continued elevated levels of consumer goods spending, combined with record high levels ... Read More
March 20, 2023Lynn Drake

19

Mar2023
One of the things that make it hard to figure out the costs of leasing a building is that different types of real estate charge differently for space.  For instance, a retail or industrial building is going to charge a base rent plus taxes, maintenance and utilities.  These chargers can ... Read More
March 19, 2023Lynn Drake
National Market Report (1)

18

Mar2023
Overview After more than two years of massive uncertainty, the “hybrid” work arrangement — in which employees spend two to three days per week working remotely — has emerged as the preferred model for a plurality of office using tenants, especially in the technology, finance, and professional services sectors. This has resulted ... Read More
March 18, 2023Lynn Drake

13

Mar2023
https://www.youtube.com/watch?v=mjix537vhTs
March 13, 2023Lynn Drake

10

Mar2023
When I stumbled upon a job in commercial real estate, I found nirvana. I liked bookkeeping and enjoyed studying business and accounting in college, but I couldn’t see my future in computerized ledgers. I needed more action.I landed a job working for one of the biggest commercial real estate landlords ... Read More
March 10, 2023Lynn Drake
National Market Report

26

Oct2022
As the pool of available sublease space expands and demand has started to weaken again, net absorption has fallen back into negative territory. Uncertainty regarding everything from remote work policies to high inflation and an increasingly aggressive Fed suggests that the office market’s recovery is still some distance in the ... Read More
October 26, 2022Lynn Drake
Industrial Market Report

26

Oct2022
While Detroit’s surge in logistics leasing and construction hasn’t reached the heights of the Inland Empire or Dallas, market conditions continue to favor landlords. With a vacancy rate of 4.6% and leasing just below the all-time high, which was set a year ago, the industrial market continues to grow steadily. ... Read More
October 26, 2022Lynn Drake
Office Market Report

13

Oct2022
While the employment sectors that traditionally use office space are leading the post-pandemic jobs recovery in Detroit, the increase in employment has not resulted in an increase in the use of office space, as many employers continue to offer hybrid or remote work options to meet the preferences of their ... Read More
October 13, 2022Lynn Drake
National Market Report (1)

27

Jul2022
As the pool of available sublease space expands and demand has started to weaken again, net absorption has fallen back into negative territory. Uncertainty regarding everything from remote work policies to high inflation and an increasingly aggressive Fed suggests that the office market’s recovery is still some distance in the ... Read More
July 27, 2022Lynn Drake
Industrial Market Report

27

Jul2022
While Detroit’s surge in logistics leasing and construction might not compare to what’s happening in the Inland Empire or Dallas, it’s nothing to sneeze at. With a market vacancy rate of 4.5% and leasing just below the all-time high, which was set in Q3 2021, conditions continue to look favorable ... Read More
July 27, 2022Lynn Drake