What Is Flex Space in Commercial Real Estate? (And Why Demand Keeps Growing)
Key Takeaways: Flex space is what happens when commercial real estate stops choosing between office, warehouse, and light industrial uses — and decides to be all three at once, without the burden of costly structural overhauls. The market case is hard to dismiss: Demand for flex space has surged 19% above pre-pandemic levels. By 2030,…
Today’s Deal Landscape and Next Year’s Market
As we close in on the end of 2023, we are thinking about 2024 and what it will hold for the real estate industry. There appears to be a wide variety of views and a lot of interesting issues that will only become more evident as the year progresses. Construction In construction, specific kinds of…
Placer.ai Office Index: May 2023 Recap and Our Thoughts
The Placer.ai Nationwide Office Building Index: The office building index analyzes foot traffic data from 800 office buildings across the country. It only includes commercial office buildings and commercial office buildings on the first floor (like an office building that might include a national coffee chain on the ground floor). It does NOT include mixed-use…
Leasing Retail Space
Case Study of 1 N Main St, Rochester, NH When it comes to leasing retail space, understanding the demographics of an area is essential. Demographic factors, such as population size, income, age, and education level can all play a significant role in determining the leasing potential of a retail space. Rochester, New Hampshire, for example, is…
Domestic Migration
COVID IMPACTS – TEMPORARY AND PERMANENT Moving is expensive, time-consuming, and emotionally and socially costly, so even a slight uptick in internal migration is significant. We saw a great deal of migration immediately after the shut down in 2020 as cities saw many of their residents, who were no longer tied to an office, move…
Today’s Commercial Real Estate Market
Where are we in today’s market ? The news today is filled with a lot of financial doom and gloom, with the stock market leading the charge – it being as volatile as it has been all year. It seems like no matter where you turn, the news has something or someone commenting on the…
Hampton RFQ Progress Update
Dear Respondent,It has been a while since there was any communication from the Liquor Commission or us as the brokers. We have been busy during this time completing work on the zoning, and work on the Conservation Restriction on part of the property. We are pleased to report that there has been substantial progress completed to…