The Cleary Company ’s Post

"Raleigh Downtown Office Building Sells for $15M" Read the full article below..

Fully fitted, 674m2 A-grade office premises available for lease within the La Lucia Ridge office estate precinct. The low-density, well-maintained park offers a secure work environment for any large corporate. The building has a welcoming, double-volume entrance lobby with a water feature. The office is fully fitted with carpeted floors, a reception area, boardrooms, various enclosed offices, a large open plan area, a private kitchen, and large windows allowing plenty of natural light into the premises with views over the park. PROPERTY FEATURES: 24-hour access controlled security 1st Floor premises Lift access Coffee shop in the park Communal ablutions Available: Immediately Lease Includes: Net rental Operational costs Rates & taxes - Base rate Lease Excludes: Utilities (Water, electricity, sewerage & refuse) Park levy and service charges Parking: 19 Open bays at R750 per bay and 8 Covered bays at R850 per bay Increases in rates & taxes VAT - 15% Contact Lezanne Burger from Camden Property Investments for more information, additional options in the area or to arrange a viewing. #realestate #realestateagent #realestatebroker #realestateexpert #commercialleasing #commercialbroker #commercialbuildings #commercialinvestment #commercialdevelopment #commercialproperty #commercialproperties #leasing #lezanneburger #development #developments #officeleasing #officebuildings #officebuilding #officemarket #propertymarket #propertymarketing #tolet

"Maryland Office Building Purchased by CREG for $4M" Read the full article below..

"Madison Office Building Fully Leased and Sold for $27M" Read the full article below..

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Just Leased Downtown Murrieta Office Space

Don’t worry about what CEOs and others are saying about going back to the office. They are paying millions within a 10/20 year lease. Is it possible to get out of the contract early? I’m not sure. What I will tell you is that within 5 years of expiration, the big Fortune 500 companies will start talking about a change in the work office space. They will start promoting the new 21-century office for employees today! There will be a big PR push on the new employee work environment. With that, you will have a serious reduction in office floors, partial/full remote, total elimination of cubicles, new office design, childcare (in-office), flexible work hours, gym, etc. Companies will save millions of dollars in rental real estate expenses! I gaurantee you they are already talking about it right now. The CFO already has the report on the CEOs desk. It’s just a matter of time.

As expected, the amount of cranes in the sky building offices has drastically reduced. In many metros, down to single digits! It’s had a demonstrable effect on Business District commercial traffic, and further exasperated the issue of struggling to attract Tenants back to downtown submarkets; primarily, due to the product there being older and lacking amenities. However, “experts predict” that we should see a recovery in 2025 due to declining interest rates and higher employee occupancy. We will see! #officeleasing #remotework #development #ccim https://lnkd.in/gvKcKDtt

The Spring 2024 Newmark Zimmer State of Space report is now available! The State of Space Report offers a current overview of the Kansas City office market, delivering detailed insights valuable to both office space owners and occupiers across the Kansas City metro area. View the full report: https://ow.ly/6Oo450RuYVg #marketresearch #kansascity #commericalrealestate #realestate #office #newmarkzimmer

Hot off the press - national vacancy for office buildings has hit a 20 year high - just under 20%. This was reposted by CRE Daily https://www.credaily.com/ Our Chicago market is seeing similar chaos but depending on where assets are located and their class. Some approaching 30% or higher and others like the Joliet Will Central Submarket still under 10%. #OfficeProperty #SuburbanRealEstate