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2009: Newmark Knight Frank - Detroit OFFICE Market Report - 2Q09 - 10/01/09 01:41 PM

A slight reprieve was seen in the Detroit office market in the second quarter of 2009. After six consecutive quarters of negative absorption, 69,244 square feet of space was removed from the market as the vacancy rate held at 22.5% from the first quarter. The vacancy rate is up from 21.5% one year ago and has remained above 20.0% for the past three years. The average asking rental rate fell in the second quarter to $19.75/sf from $19.90/sf at the end of the first quarter, and is down 2.4% from $20.24/sf over the last year. Rents have declined 12.6% from … (0 comments)

2009: WHY do YOU think we should be OPTIMISTIC about 2009?? - 12/29/08 01:12 PM
I think 2009 is going to be a GREAT year!!
All of the negative hype and hyperbole aside, lets look at what we have:
There is a growing awareness of global peace and harmony. There is a renewed drive for energy conservation and green initiatives. The looming demise of the American auto industry will bring forth new innovation in never-seen-before alternative power sources. There is a new playing field in the business world and corporate corruption will be more difficult than ever before. The war is no longer popular and it's ending, just ask all of our allies that have already … (29 comments)

2009: U.S. Office Property Sector – Market Outlook - 2009 - 12/09/08 06:50 PM
Commercial Real Estate Outlook for 2009:  Negative Impact of National Recession Mitigated by Moderate Increase in New Supply
In a report on the outlook for the US office property market next year, global real estate firm Newmark Knight Frank reports that most US regional markets may be better positioned to weather the coming downturn than they were in past recessions because development activity has been restrained.
There are exceptions, however, including Washington DC, Phoenix, Houston and some parts of California, which have all grown rapidly in the past several years the report says. Newmark Knight Frank's outlook for New York City … (1 comments)

 
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Jason Tucker

Richmond, VA

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Address: Richmond, VA, 23294

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Jason is personally committed to a holistic approach for assisting local and international companies with their strategic real estate needs. He provides his clients with targeted real estate market research, industry trend analysis, and logistics solutions that enable them to make well-informed, cost-effective decisions about their businesses.


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