As Economy Improves, Landlords Regain Upper Hand in Office Leasing
Atlanta, GA, April 06, 2011 --(PR.com)-- The commercial real estate office market is firming up, which means tenants may not be able to get the incredible deals they have come to expect during the recession, according to Chris Macke, senior real estate strategist at CoStar, a recent guest on the “Commercial Real Estate Show.”
Macke’s advice for tenants, ““Try and get your deals now if you can. It may be too late.”
Markets where those good deals are still possible include Atlanta and Los Angeles, which were hit particularly hard in recent years, he said.
On the flip side, rental rates on Class A office space in Manhattan increased 5.1 percent just between the third and fourth quarters of 2010. “That is not a market where tenants are going to get a lot of love,” Macke said. Washington is another market where landlords are quickly regaining the upper hand.
The show, which also included a segment focusing on tenant strategies, aired Saturday on Biz 1190 in Atlanta and is available for download.
The next “Commercial Real Estate Show” will air April 9 and include a national distressed market update, as well as a focus on lender/borrower strategies. Guests will include Tom Fink, senior managing director at Trepp; Henry Lorber, managing director of Hays Financial Consulting; and Todd Baldree, Vice President of Regions Bank.
About the “Commercial Real Estate Show”:
The “Commercial Real Estate Show” is America’s commercial real estate talk radio show. The show is known as an entertaining and enlightening resource about commercial real estate. The show airs every Saturday morning at 10AM EST online at the show website, www.CREshow.com and on Biz 1190 WAFS in Atlanta. Show podcasts are available on-demand at any time worldwide on iTunes and on the website. The “Commercial Real Estate Show” has quickly gained a national and international audience. Each show starts with a commercial real estate market update related to the show topic by well-known national experts. Then the show host and a panel of three to four industry expert guests share information, insight and best practices related to each show’s main topic. The show host is 30-year commercial real estate veteran Michael Bull, CCIM, the President and founder of commercial brokerage firm Bull Realty, Inc.
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Macke’s advice for tenants, ““Try and get your deals now if you can. It may be too late.”
Markets where those good deals are still possible include Atlanta and Los Angeles, which were hit particularly hard in recent years, he said.
On the flip side, rental rates on Class A office space in Manhattan increased 5.1 percent just between the third and fourth quarters of 2010. “That is not a market where tenants are going to get a lot of love,” Macke said. Washington is another market where landlords are quickly regaining the upper hand.
The show, which also included a segment focusing on tenant strategies, aired Saturday on Biz 1190 in Atlanta and is available for download.
The next “Commercial Real Estate Show” will air April 9 and include a national distressed market update, as well as a focus on lender/borrower strategies. Guests will include Tom Fink, senior managing director at Trepp; Henry Lorber, managing director of Hays Financial Consulting; and Todd Baldree, Vice President of Regions Bank.
About the “Commercial Real Estate Show”:
The “Commercial Real Estate Show” is America’s commercial real estate talk radio show. The show is known as an entertaining and enlightening resource about commercial real estate. The show airs every Saturday morning at 10AM EST online at the show website, www.CREshow.com and on Biz 1190 WAFS in Atlanta. Show podcasts are available on-demand at any time worldwide on iTunes and on the website. The “Commercial Real Estate Show” has quickly gained a national and international audience. Each show starts with a commercial real estate market update related to the show topic by well-known national experts. Then the show host and a panel of three to four industry expert guests share information, insight and best practices related to each show’s main topic. The show host is 30-year commercial real estate veteran Michael Bull, CCIM, the President and founder of commercial brokerage firm Bull Realty, Inc.
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Wilbert News Strategies
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www.wilbertnewsstrategies.com
Midd Read
404.901.4433
www.wilbertnewsstrategies.com
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