Daniel Shapiro Tenant Broker

Here is a White Paper from our top-notch team of researchers featuring some thoughts about the future of commercial real estate.  Though it focuses on the Bay Area market, the ideas translate to other markets including the D.C. Metro commercial office market.  The key takeaways are: ·          Asking the right questions now is critical to the long-term success of your organization. ·          One size does not fit all. Every organization is unique and requires a custom solution. ·          Achieving economic and functional flexibility safeguards your company from future uncertainty. ·          An upfront investment may be necessary to optimize or shed space, but it is offset by the long-term savings achieved. ·          Employees have more choices than ever and your real...

In this week’s blog, we feature a recent article from the Washington Business Journal on the Washington D. C. commercial real estate market. Tristan Navera, staff reporter for the Washington Business Journal interviewed several companies in the district that have some unique perspectives on where the commercial real estate market is going. Some highlights: - According to Mayer Brown’s Liz Espin Stern, the firm’s D.C. area market leader, “We were looking for a better use of our space, as opposed to simply reducing our space,” she said. For example, “collaboration zones where individuals might step out of their offices and have a café or hub to brainstorm.” - Greater Washington’s office real estate is in a historic slump. D.C.’s office vacancy in the third quarter of the year topped 18.2% for the first time, per CBRE data and Industry insiders see it as a warning sign for landlords: Cost is king. - “It is a tenants’ market to be sure,” said Harry Dematatis, senior vice president at NAI K...

This week, we feature a Blog post from Allison Hoffman, Senior Advisor in our Boston office. She highlights the trend in Commercial Real Estate of many large companies increasing their office transactions as they continue to bring workers back to the office. She discusses several reasons why these organizations are increasing their footprint even though there are significant numbers of employees still working from home. If we can help you look at your commercial real estate footprint and the trends, we are seeing in the Washington D. C., Northern Virginia, and Bethesda Maryland areas, let’s start a conversation. At Cresa, we will represent you interests 100% of the time and we have all the resources that can help you make strategic decisions about your company’s needs. What’s the Deal with Large Office Transactions? Allison Hoffman, Senior Advisor, Boston Office October 25, 2021  Here in Boston, many employees are still working from home. Despite this, there are still several large...