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newmark: Newmark Knight Frank - Detroit Office Market Report - 1Q10 - 06/22/10 02:00 PM

Weakening conditions prevailed in the Detroit office market during the first quarter as the vacancy rate rose to 24.7% from 24.2% in the fourth quarter of 2009.  The vacancy rate has remained above 20.0% for over three years.  Total net absorption was negative for the ninth consecutive quarter as 418,407 square feet were returned to the market.
Average asking rents declined slightly in the first quarter to $19.63/sf from $19.67/sf in the fourth quarter and were down 1.7% from $19.97/sf reported one year ago.  Rents have declined 15.3% from $22.63/sf, the peak during the fourth quarter of 2000.
In the … (0 comments)

newmark: 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)

newmark: Sale/Leasebacks: A Compelling Capital Source For Corporations - 09/10/08 09:59 AM
By Michael Cantor
In the wake of the home mortgage crisis, the capital markets have been tightening up, even for much less risky corporate borrowers. As corporations pursue sources of capital in today's financial environment, sale/leaseback transactions offer some meaningful advantages. A sale/leaseback is a transaction structure that involves a company selling a real estate asset to an investor in consideration of "leasing back" the facility for a period of time. The current economic climate presents a compelling opportunity for corporations to utilize sale/leasebacks to access capital through the monetization of real estate assets.
Why do corporations enter into sale/leasebacks?
Whether … (0 comments)

newmark: Newmark Knight Frank - 5th Largest Commercial Real Estate Firm! - 09/10/08 09:26 AM
Hey everybody!
I thought this was noteworthy.
According to Commercial Property News (CPN), www.cpnonline.com, Newmark Knight Frank is ranked 5th with a transaction volume in 2007 of over $47 Billion.
http://www.newmarkkf.com/mediacenter/inthenews/library/cpn_2008.pdf
To make things more interesting Jones Lang LaSalle gobbled up Staubach, so that sort of puts us in 4th position.
Let's get ready to reenneegootiate!
Regards,
Jason Tucker | Associate Director
Newmark Knight Frank, Inc.34975 W. Twelve Mile Road | Farmington Hills, MI 48331Phone: 248-848-4084 | Fax: 248-848-9041 | Cell: 248-431-8138e-mail: jtucker@newmarkkf.com | Website: www.newmarkkf.com
… (0 comments)

 
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Jason Tucker

Richmond, VA

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Address: Richmond, VA, 23294

Office Phone: (248) 431-8138

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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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