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Exclusive to Dallas Business Journal and our sister outlets: Dallas ranks near the top of the pack when it comes to downtown recovery after the pandemic and No. 1 among the four biggest Texas cities. That’s according to the latest Downtown Vitality Index from The Business Journals, which analyzed a variety of metrics affecting downtown activity to determine which central business districts are best positioned for success in the post-pandemic world.

At a recent Horizon Council meeting, Cushman & Wakefield Chief Economist and Head of Global Research Kevin Thorpe revealed some exciting statistics: the Fort Myers-Naples area ranks in the top three for net absorption of office space since 2020! 🏢✨ Thorpe highlighted that this impressive surge is driven by peak attendance days and a strong focus on sectors like legal services. Our region has experienced a growth rate of 6%, outpacing the national average by 1%! This boom is largely thanks to the significant influx of businesses relocating to Southwest Florida in recent years. Read more 👇 about this dynamic growth in our region: https://lnkd.in/gi_-VvE7 #EconomicDevelopment #LeeCounty

MAJOR gems dropped at the The Real Deal's NYC Real Estate Forum yesterday! First, had the pleasure of hearing from Miami Mayor Francis Suarez who shared how public policy is driving tremendous growth in Miami. I'm lucky to call both NYC and Miami home, and I really enjoy conversations that contrast public policy in each city and how that affects commercial real estate. The biggest gem dropped at the event was from Will Silverman. He revealed a crucial metric to share when showcasing Class A office space for lease: productivity. When talking to CEOs who are looking for their next office space, share how your space will increase their productivity. For example, did you know that 47% of employees admit they feel tired or very tired from the absence of natural light or a window at their office? Studies have shown a direct link between exposure to natural light and an increase in productivity. With a company payroll of $100 million, even a 2% increase in productivity translates to a savings of $2 million. Now that's something a CEO can get behind! #commercialrealestate #productivity #NYCoffice

Great article about #KOP!

Interesting read about Clayton office market.

Not all commercial real estate is the same. A closer look at post-pandemic challenges facing the commercial office space market, and the potential economic impacts of recent trends.

Despite economic headwinds such as rapidly rising interest rates, the commercial office market in South Florida has experienced a fair amount of activity, defying expectations. From downtown Miami to the expanding horizons of Fort Lauderdale and West Palm Beach, South Florida has proven to be a resilient powerhouse in the commercial office sector. Market stats as of the end of 2023: • 115.6 million sf of inventory • 8.6% overall vacancy rate • $49 psf average rental rate • $396 million in sales volume • 6.9% average cap rate Significant Transactions for 2023 • 801 Brickell Avenue – $250,000,000 • Office Depot Campus – $104,000,000 • 355 Alhambra Circle – $90,000,000 • 125 Worth Avenue – $83,000,000 Learn more at our recent article: https://lnkd.in/enKyDBPJ

Here's how many Boston offices have applied to convert to housing so far Contact me to discuss the latest scoop in real estate! #massachusetts #massachusettshomes #massachusettsrealtor #realestate #realtor #realestateagen

Check out the latest Montrose Group webinar focused on Downtown Development Strategies. Wed, Oct 25th from 11 am to 12 pm EDT. Downtowns remain the core of urban, suburban and rural communities. However, Work-From-Home and shifts in the retail markets have created both threats and opportunities to the development of Downtown communities often tied to the development of new housing and retail sites and redeveloping office buildings searching for new life. Join the leaders of the Montrose Group, LLC to learn about best practices for developing Downtowns through understanding the market for housing, office and retail investments, and creating and implementing action plans to transform Downtowns, recognizing the market's current challenges and opportunities.   After registering, you will receive a confirmation email containing information about joining the webinar. Register Now! https://lnkd.in/gtGM-Ew8