Whizz’s Post

Today, our Research & Insights team release their Q3 2023 Galway Marketbeats Office The Galway office market has performed strongly to the end of the third quarter of 2023 with over 18,300 square metres of space taken up spread across 17 deals. Activity in Q3 was brisk, with 5,000 square metres of space taken in the city and suburbs in 8 transactions. Industrial 2023 has been a quiet year to date in the industrial market in Galway with no deals to take up space having taken place. The market has been starved of supply over the past 12 to 18 months, with a small increase in available space coming to the market this quarter. Get the full Galway reports here: https://lnkd.in/eh3R2uab Tom McCabe, CFA FRM David Walls Patricia Staunton Sean Coyne

Our Cork Q3 2023 Marketbeats are now live! Office Take-up in the Cork market in the year to the end of the third quarter stood at just under 26,800 square metres, which was more than each of the previous four years for the same period. Activity in Q3 was slow with just over 3,100 square metres of space occupied in the quarter. Industrial The Cork Industrial market has performed well in the year to the end of the third quarter of 2023, with a total of 45,700 square metres of space taken up.Activity in Q3 was slightly down on the opening two quarters of the year, with a total of just over 12,500 square metres taken up across 8 deals. Get the full reports here: https://cushwk.co/3ZNLaAh Tom McCabe, CFA FRM David Walls Peter O'Flynn MSCSI MRICS Philip Horgan Siobhan Young

The West End is my stomping ground, and occupiers are desperately trying to find Grade A office spaces in this prime location. However, supply is not meeting the demand due to low vacancy rates and the potential difficulty in redeveloping existing assets. So what is the solution for those who require a workspace within the West End that has great transport connections, meets their workplace green policies, has the facilities needed to make employees happy, and has a large enough floor plan for their team? The answer is to stay within the West End, but consider the area's expansion, which has resulted in the core of Mayfair spreading north to Oxford Street and Noho. Read more:

Newmark is pleased to announce the sale of Plaza on the Lake, a one-of-a-kind asset in Southwest Austin. With direct frontage to Pennybacker Bridge in the Loop 360 Corridor, the asset is the only office property in Austin with direct frontage to Lake Austin. Plaza on the Lake is anchored by a stable investment grade tenant, SONY Interactive Entertainment. The property was 69% leased at the time of sale to credit-worthy tenants in resilient, high-growth industries including healthcare, tech, and software. The Southwest submarket remains as one of Austin’s most desired suburban, affluent office locations. Read More -->  https://lnkd.in/gVQcnjJx DEAL TEAM: Chris Murphy, Robert Hill, Gary Carr, Austin Sheahan, Addisyn Green, Paul (PJ) Rasmussen and Chris McColpin #NewmarkTexas #CapitalMarkets #Austin

The City of Chandler, Arizona was recently featured in Business Facilities magazine as they highlighted the important factors that companies consider when choosing where to locate their corporate headquarters. Read more on why #ChandlerAZ is the ideal location for companies looking to establish their headquarters. #hqlocation #businessgrowth #businesssucess #fridayreads #siteselection #commericalrealestate #headquarters #companygrowth #stronglocaleconomy #corporatehq https://lnkd.in/gtJ2HpVC

Barbara Fernandez, partner-in-charge of Hinshaw & Culbertson's Miami/Coral Gables office, said the move reflects the changing dynamics of the workplace in the post-pandemic era as firms reevaluate office space and adopt new strategies to create attractive and safe workspaces. At the Miami/Coral Gables firm, there’s an increase in work in the insurance sector. As Fernandez sees it, more associates are needed to help with newer files coming in. https://lnkd.in/g_huX3-Q

Did you catch our sneak peak post on Reed Smith's new office last week? Well, we're kicking off your Thursday morning with a Fresh Case Study drop.. 🤩 The amazing new workspace we recently finished for Reed Smith has just gone live on our website! Click below to read all about it ..👇 #sustainabledesign #officefitout #hybridworking #backtotheoffice #commercialinteriordesign

Last Sunday's missal in the Business Post explored how some of London's most innovative office landlords have switched their "development" focus to refurbishment of existing stock, particularly sweating assets within their current portfolios to drive future returns. There is clearly a growing appetite for more creative, value-added asset management of older offices in major cities. However, with the traditional institutions often lacking the skillsets, or the appetites, to drive a major re-development and refurbishment agenda, such opportunities are likely to be availed of by sector specialists. Early evidence suggests the investor returns are already there for the taking. GPE, Derwent London, Landsec, Helical plc, British Land https://lnkd.in/dFdv8j3z #londonoffices #ukrealestate #offices #esg #refurbishment #realestate #london #dublin

As part of the CoreNet Global Australia Chapter State of the CRE Market Series, our Principal Tom Pullinen hosted a panel in Sydney last week alongside Sarah Brown of CBRE and Dominic Brown of Cushman & Wakefield to discuss the biggest and most expensive market in Australia. Read about it below. #CREview #realestate #sydney #australia #cngau #market #office #commercialrealestate #panel #series

The Instant Group Acquires Officespace.com: A Strategic Move in the Commercial Real Estate Market Read the full article below..