Cushman & Wakefield Pacific is excited to announce plans to relocate their Boise offices to One Capital Center, 999 W Main Street, Suite 1300. After 8 years in BoDo, the decision was made to move to One Capital Center in order to accommodate growth as well as to upgrade to one of downtown Boise’s most prestigious Class A office buildings. The move will occur in mid-January. Upon occupancy, the Cushman Wakefield Pacific Office Team will also become the exclusive listing agent and leasing broker for One Capital Center.
Flexible workplace—a 40-year-old proven operating model with a sustained track record of profitability—has been more visible and newsworthy as of late. The demand for tenant-focused, highly-amenitized, turn-key space on flexible terms remains robust with all signs pointing toward increased demand over the long-term.
Transaction activity accelerated in the third quarter of 2019 to $141.9B—up 9% quarter-over-quarter. Third quarter volume was down 8% compared to a year ago, but Q3 2019 was still the second strongest third quarter on record for transaction volume.
U.S. multifamily volume growth eased in the third quarter, following a strong second quarter. Transaction volume declined 12.1% year-over-year. However, YTD, investors deployed capital in multifamily assets to the tune of more than $122 billion, a 5.2% increase over the same period in 2018.
Consumers' Rising Influence, Investors Still Buying
Current economic indicators bode well for the healthcare sector. While medical office market indicators have slowed in the past twelve months compared to previous years, 2020 looks to be another strong year for healthcare real estate. Healthcare providers and investors should capitalize on the positive outlook and sector growth by continuing their shift toward consumer-friendly care delivery and prioritizing accommodations to new regulations.
As we close out 2019, commercial real estate fundamentals remain largely intact, but factors such as the global slowdown, the trade dispute and Brexit are high on our watch list. See what it means for occupiers and investors of real estate by clicking on our interactive infographic.
Join the conversation and share the Global Themes to Watch infographic on Twitter or LinkedIn.
Legal sector change is occurring at lightning speed. Change that used to happen over a decade now transpires in two to three years, and staying ahead of this rapid rate of change is challenging for law firms of all shapes and sizes. Through Cushman & Wakefield's proprietary 2019 National Legal Sector Benchmark Survey, we have identified many trend shifts and new issues gaining prominence that are directly impacting the legal sector, its business drivers, and law firm decision making.
Savvy investors blend their portfolios with niche assets, like Student Housing, with traditional property types. Generation Z, larger in number and enrolling in college at even higher rates than millennials, will drive high levels of enrollment at U.S. college and universities, and by extension, demand for student accommodation.
Niche assets are driven by factors like demographic change, affordable housing challenges as well as changes in technology and consumer behavior. Savvy investors blend their portfolios with niche assets, like Cold Storage, and traditional property types.
IKEA, More Target, In-N-Out? What's next in the Boise area