Sentences with phrase «new office construction»

Experience in design planning and product selection for new office construction and remodeling projects.

A Marcus & Millichap 2017 US Office Investment Forecast reported that 82 million sq. ft. of new office space will be delivered nationally in 2017, the peak for new office construction in the current cycle.

The 2.5 million - square - foot (232,000 - square - meter) building would be the first major project under New York City's Midtown East rezoning plan, which encourages new office construction in the area, the bank and Mayor Bill de Blasio said in a statement Wednesday.

The surging demand for office space today has led to a development boom, with 105 million sq. ft. of new office construction now underway.

Torto expects San Francisco and Boston to struggle the most over the next few years, especially if new office construction supply accelerates in either market.

But the higher interest rate will have little impact on office building values, mainly because of dramatically low new office construction over the last seven years, notes John Chang, first vice president of research services for brokerage firm Marcus & Millichap Real Estate Investmen.

Work on more than half a million square feet in new office construction started in San Antonio in the first quarter.

Meanwhile, new office construction tends to be concentrated in select markets, according to JLL.

«There hasn't been new office construction here since 2010, and we should be the first new tower open around the end of 2016.»

«New office construction makes up only 0.8 percent of the total inventory,» CoStar says.

Over that period, new office construction outpaced demand, but the market will see less new office product coming on stream over the next couple of years, which should keep vacancy rates from going back up.

All of this further buttresses the need for new office construction, a trend that should benefit office REITs, particularly those with leasing and development strategies in the Sunbelt.

New office construction in downtown Fort Lauderdale — and Sunrise, Plantation and Miramar to the west — have not helped the situation.

Two years ago, almost all new office construction was build - to - suit, but in the past year speculative building has come on strong.

PMI differentiates project management from operations management conceptually, with projects, like IT equipment upgrades or new office construction, moving organizations in strategic directions and balancing out the operations work that is the core function of the organization.

New office construction is at a low level compared with its historic pace.

All three markets have exceptional job growth, positive office space absorption, rising rents and tightening vacancy, with limited or no new office construction.

Nationally, new office construction hasn't risen much from its anemic levels of the last two years, when less than 6 million square feet of office space was completed, Cushman & Wakefield said.