Contrary to earlier predictions, office leasing activity improved in the second quarter with the fastest growth rate since Q2 of 2021 according to a Jones Lang LaSalle (JLL) chart. Although we are not yet back to pre-pandemic leasing absorption, out…
The Federal Reserve announced an interest rate hike by another 25 basis points increasing interest rates from 5.0 to a range between 5.25 and 5.50%, the highest point since 2001. Chairman Powell says the Fed is concerned about global food security…
In early June, Jones Lang LaSalle’s CEO Christian Ulbrich reported the Return to Work “Worst is Behind Us.” Headquartered in Chicago, Ulbrich went on to say he is seeing 65% of its employees return to the office full-time. According to…
After a 15-month interest rate hike increases, in mid-June, the Federal Reserve hit pause on increasing the interest rate, for now. By mid-month, Chairman Powell cautioned, “don’t expect the most recent rate hike pause to continue." However, he went on…
10 Myth busters for Downtown Albuquerque: Perception versus realty of Albuquerque’s Central Business District 1. Myth: Downtown Albuquerque is dead. Fact: Downtown Albuquerque is in the midst of a major multimillion-dollar revitalization. You will find bustling nightlife along Central…
As everyone expected, the Federal Reserve raised interest rates another 25 Basis Points again the first week of May, raising them from 5% to 5.25%. “The latest interest rate hike by the Fed is unnecessary and harmful,” wrote National Association…
"The harder you work, the luckier you get." This couldn't be more true in commercial real estate. As advisors, we have to make a lot of calls and reach out to a lot of people to finally get lucky enough…
Often in my business clients ask me to explain the process of acquiring their space. The process consists of understanding the time it will take to search the market, negotiate the business points, performing the tenant improvements, the act of…
As we say good bye to 2022, it is time to give thought to our 2023 outlook as well as take a look at some predictions for 2023. Recession is a word that comes up consistently in conversations about the…
What spooks you this Halloween? Is it inflation? Interest rates? The future of Office? The upcoming water shortage? Let’s take a look at each of these. Inflation – Yes, it is true. Inflation has risen by more than 9% since January, 2022. …