Welcome to the Cushman & Wakefield Atlas Outlook 2016,
an update on the International Investment Atlas that reviews
how the market performed last year and, more particularly,
what we should anticipate for the year ahead.
We have examined a series of questions when approaching this publication:
what are the key forces driving and transforming the global market? Who will be
the winners in this volatile environment? How should a subsequent investment
strategy be most advantageously aligned?
Of course, in a highly uncertain but fast changing world, the need for insightful
research is increased – but the task of delivering a robust and well-considered
view is made more difficult. By bringing together expert opinion from across our
capital markets, occupier and research teams around the world, we have sought
to answer this challenge and hope you agree we have delivered a concise but
thoughtful review of the state of the market and the outlook for the year ahead.
Retail Lives
Economic fundamentals continue to strengthen in the
U.S., a trend that is expected to endure through
mid-2019. With continued wage growth acceleration
and consumer confidence near an 18-year high, the
retail marketplace has registered solid spending.
Inflation-adjusted consumer expenditures show a
steady 2.5-3% year-over-year (YOY) growth pattern
since the beginning of 2016. eCommerce sales
accounted for approximately 11.5% of retail sales
(excluding auto sales) in 2017. While we expect that
penetration rate to climb to 14.0% by 2019, physical
stores remain vital to retailer survival in this evolving
retail climate. Despite what the media would lead you
to believe, the overall retail industry is still posting
gains even while it faces secular challenges.
U.S. MarketBeats provide an overview of quarterly CRE activity and trends, a snapshot of current economic and capital market conditions as well as market-level statistics on key metrics.
The U.S. economy in 2016 was characterized by steady growth in the face of uncertainty. The year began with steep declines in global equity markets in response to concerns about a slowdown in China, the Europe replaced Asia as the focal point of global anxiety after the Brexit vote. In the fourth quarter, the U.S. unexpectedly elected Donald Trump as President. Despite uncertainty, the economy continued to add an average of 180,000 jobs per month during 2016.
Welcome to the Cushman & Wakefield Atlas Outlook 2016,
an update on the International Investment Atlas that reviews
how the market performed last year and, more particularly,
what we should anticipate for the year ahead.
We have examined a series of questions when approaching this publication:
what are the key forces driving and transforming the global market? Who will be
the winners in this volatile environment? How should a subsequent investment
strategy be most advantageously aligned?
Of course, in a highly uncertain but fast changing world, the need for insightful
research is increased – but the task of delivering a robust and well-considered
view is made more difficult. By bringing together expert opinion from across our
capital markets, occupier and research teams around the world, we have sought
to answer this challenge and hope you agree we have delivered a concise but
thoughtful review of the state of the market and the outlook for the year ahead.
Retail Lives
Economic fundamentals continue to strengthen in the
U.S., a trend that is expected to endure through
mid-2019. With continued wage growth acceleration
and consumer confidence near an 18-year high, the
retail marketplace has registered solid spending.
Inflation-adjusted consumer expenditures show a
steady 2.5-3% year-over-year (YOY) growth pattern
since the beginning of 2016. eCommerce sales
accounted for approximately 11.5% of retail sales
(excluding auto sales) in 2017. While we expect that
penetration rate to climb to 14.0% by 2019, physical
stores remain vital to retailer survival in this evolving
retail climate. Despite what the media would lead you
to believe, the overall retail industry is still posting
gains even while it faces secular challenges.
U.S. MarketBeats provide an overview of quarterly CRE activity and trends, a snapshot of current economic and capital market conditions as well as market-level statistics on key metrics.
The U.S. economy in 2016 was characterized by steady growth in the face of uncertainty. The year began with steep declines in global equity markets in response to concerns about a slowdown in China, the Europe replaced Asia as the focal point of global anxiety after the Brexit vote. In the fourth quarter, the U.S. unexpectedly elected Donald Trump as President. Despite uncertainty, the economy continued to add an average of 180,000 jobs per month during 2016.
Another Year Another Medal
U.S. industrial absorption is on track to finish 2018 with its third
strongest net occupancy growth, behind only 2016 and 2014.
Considering the strong economic fundamentals, there is no
indication that demand will soften in the final quarter of 2018.
This means that the three strongest years of industrial
occupancy growth since the 1980s will have occurred in the last
five years. Looking forward, the combination of limited new
product and high utilization rates of existing footprints will
translate to strong performance for Class A product and
improved performance for Class B and C product.
-U.S. Office Market Was Driven by the Tech
Sector in the Fourth Quarter of 2018
-Absorption exceeds construction completions, vacancy
declines and the pipeline grows
-Tech markets tighten
-Rents rise, but the pace slows:
Trump100 days- Implications for the Property Markets Guy Masse
PRESIDENT TRUMP'S ADMINISTRATION & ITS IMPLICATIONS FOR THE PROPERTY MARKETS
Measuring the success of a new Administration by its first 100 days is a tradition, and President Trump reaches his first key milestone with campaign promises to overhaul Washington and jump-start the economy. This special report provides a perspective on:
How key economic indicators (inflation, job growth) and commercial real estate are performing so far
The status of key policy proposals, including trade and defense
What to watch for beyond the first 100 days
Capital Markets Insights: Credit Availability for the Middle Market Remains R...Duff & Phelps
Recent trimming in first lien debt appetite resulted in a higher proportion of second lien and junior debt in capital structures. The fuller covenant packages typical of the private market, combined with unabated growth in private investor capital formation, have served to differentiate middle market conditions from those of the broader liquid markets. While the weighted average cost of debt for middle market issuers has increased modestly, credit availability — both in terms of leverage multiples and cost — is robust.
The U.S. Tech sector’s new record high has brought back memories of the dot-com bubble. But unlike then,
today’s Tech sector is not propped up by fanciful talk. It’s led by companies that are truly transforming the
economy and our lives.
The overall outlook for 2017 Canadian M&A activity remains moderately positive, despite the decrease in the number of Canadian companies sold in 2016. Corporate balance sheets are flush with cash, with corporations actively looking for quality investments. Interest rates remain low, and oil prices are showing signs of improvement. Private Equity firms also have large cash holdings and often see Canadian firms as good "bolt-on" opportunities. Read the report for more detail on trends, public market performance and deal activity.
The world’s dominant commercial real estate markets have moved into 2014 in better shape than at any time since the Global Financial Crisis of 2008-2009.
Capital markets are exhibiting remarkable strength and the disconnect, that has emerged over the past two years between a more cautious occupational market, is showing signs of narrowing.
Corporate borrowing activity in the second quarter was robust, particularly in the middle-market, which exceeded the record volume seen in the first quarter. Supply and demand for middle-market credit became more balanced, as opportunistic issuers came to market and/or increased issuance size. Near team market conditions remain compelling for middle-market issues as borrowers are capitalizing on strong institutional appetite by pursing favorably crafted deals for acquisition, recapitalization and growth financing.
Capital Markets Industry Insights - Fall 2016Duff & Phelps
Middle-market issuers were greeted by strong demand this quarter from mainstream credit sources as well as those seeking higher degrees of risk and return. Macroeconomic fundamentals continued to improve, though the focus remained on monetary policy. With an increasingly stark dichotomy of views at the Federal Reserve, volatility persisted in anticipation of clearer guidance on the pace and timing of rate hikes.
Restaurant Monthly Update - January 2017Duff & Phelps
December marked the ninth month out of the past ten with declining sales for the restaurant industry. Both same-store sales and traffic growth deteriorated from November’s results, officially marking 2016 as the worst year of industry performance since 2009. Despite challenges in the sector, private equity investors with significant dry powder and strong, relatively inexpensive credit, will likely continue to fuel investment in innovative and rapidly expanding restaurant concepts.
U.S. MarketBeats provide an overview of quarterly CRE activity and trends, a snapshot of current economic and capital market conditions as well as market-level statistics on key metrics.
The U.S. economy in 2016 was characterized by steady growth in the face of uncertainty. The year began with steep declines in global equity markets in response to concerns about a slowdown in China, the Europe replaced Asia as the focal point of global anxiety after the Brexit vote. In the fourth quarter, the U.S. unexpectedly elected Donald Trump as President. Despite uncertainty, the economy continued to add an average of 180,000 jobs per month during 2016.
Karen Hanover - Commercial Real Estate - IRRKaren Wagner
Karen Hanover presents commercial real estate market analysis for 2017 by Integra Realty Resources. For more real estate investing tips and tricks, go to http://karenhanover.biz
Another Year Another Medal
U.S. industrial absorption is on track to finish 2018 with its third
strongest net occupancy growth, behind only 2016 and 2014.
Considering the strong economic fundamentals, there is no
indication that demand will soften in the final quarter of 2018.
This means that the three strongest years of industrial
occupancy growth since the 1980s will have occurred in the last
five years. Looking forward, the combination of limited new
product and high utilization rates of existing footprints will
translate to strong performance for Class A product and
improved performance for Class B and C product.
-U.S. Office Market Was Driven by the Tech
Sector in the Fourth Quarter of 2018
-Absorption exceeds construction completions, vacancy
declines and the pipeline grows
-Tech markets tighten
-Rents rise, but the pace slows:
Trump100 days- Implications for the Property Markets Guy Masse
PRESIDENT TRUMP'S ADMINISTRATION & ITS IMPLICATIONS FOR THE PROPERTY MARKETS
Measuring the success of a new Administration by its first 100 days is a tradition, and President Trump reaches his first key milestone with campaign promises to overhaul Washington and jump-start the economy. This special report provides a perspective on:
How key economic indicators (inflation, job growth) and commercial real estate are performing so far
The status of key policy proposals, including trade and defense
What to watch for beyond the first 100 days
Capital Markets Insights: Credit Availability for the Middle Market Remains R...Duff & Phelps
Recent trimming in first lien debt appetite resulted in a higher proportion of second lien and junior debt in capital structures. The fuller covenant packages typical of the private market, combined with unabated growth in private investor capital formation, have served to differentiate middle market conditions from those of the broader liquid markets. While the weighted average cost of debt for middle market issuers has increased modestly, credit availability — both in terms of leverage multiples and cost — is robust.
The U.S. Tech sector’s new record high has brought back memories of the dot-com bubble. But unlike then,
today’s Tech sector is not propped up by fanciful talk. It’s led by companies that are truly transforming the
economy and our lives.
The overall outlook for 2017 Canadian M&A activity remains moderately positive, despite the decrease in the number of Canadian companies sold in 2016. Corporate balance sheets are flush with cash, with corporations actively looking for quality investments. Interest rates remain low, and oil prices are showing signs of improvement. Private Equity firms also have large cash holdings and often see Canadian firms as good "bolt-on" opportunities. Read the report for more detail on trends, public market performance and deal activity.
The world’s dominant commercial real estate markets have moved into 2014 in better shape than at any time since the Global Financial Crisis of 2008-2009.
Capital markets are exhibiting remarkable strength and the disconnect, that has emerged over the past two years between a more cautious occupational market, is showing signs of narrowing.
Corporate borrowing activity in the second quarter was robust, particularly in the middle-market, which exceeded the record volume seen in the first quarter. Supply and demand for middle-market credit became more balanced, as opportunistic issuers came to market and/or increased issuance size. Near team market conditions remain compelling for middle-market issues as borrowers are capitalizing on strong institutional appetite by pursing favorably crafted deals for acquisition, recapitalization and growth financing.
Capital Markets Industry Insights - Fall 2016Duff & Phelps
Middle-market issuers were greeted by strong demand this quarter from mainstream credit sources as well as those seeking higher degrees of risk and return. Macroeconomic fundamentals continued to improve, though the focus remained on monetary policy. With an increasingly stark dichotomy of views at the Federal Reserve, volatility persisted in anticipation of clearer guidance on the pace and timing of rate hikes.
Restaurant Monthly Update - January 2017Duff & Phelps
December marked the ninth month out of the past ten with declining sales for the restaurant industry. Both same-store sales and traffic growth deteriorated from November’s results, officially marking 2016 as the worst year of industry performance since 2009. Despite challenges in the sector, private equity investors with significant dry powder and strong, relatively inexpensive credit, will likely continue to fuel investment in innovative and rapidly expanding restaurant concepts.
U.S. MarketBeats provide an overview of quarterly CRE activity and trends, a snapshot of current economic and capital market conditions as well as market-level statistics on key metrics.
The U.S. economy in 2016 was characterized by steady growth in the face of uncertainty. The year began with steep declines in global equity markets in response to concerns about a slowdown in China, the Europe replaced Asia as the focal point of global anxiety after the Brexit vote. In the fourth quarter, the U.S. unexpectedly elected Donald Trump as President. Despite uncertainty, the economy continued to add an average of 180,000 jobs per month during 2016.
Karen Hanover - Commercial Real Estate - IRRKaren Wagner
Karen Hanover presents commercial real estate market analysis for 2017 by Integra Realty Resources. For more real estate investing tips and tricks, go to http://karenhanover.biz
The Talent Gap Crisis - Is Manufacturing Sexy Enough for the Next Generations? CBIZ, Inc.
Manufacturing employment accounts for 12.8 million jobs in the U.S. Yet, currently about 452,000 manufacturing positions remain vacant across the nation – a staggering statistic. Manufacturers saw this coming more than two decades ago as the retirement of the baby boomer generation began to impact the industry. Compounding the loss of experienced workers, the introduction of new manufacturing technologies, the industry’s persistent image problem and the cultural shift in the demand for work-life balance have catapulted the talent shortage to the industry’s top challenge.
Self-employed, "1099" workers represent the new face of America's economy. Here, Core Innovation Capital examines this fundamental shift in the nature of work, the ramifications that 1099 status has on Americans' financial lives, and the technology companies that are rising to address novel financial pain points.
Estudo feito pela Oxford Economics
Talento Global de 2021 Como a nova geografia do talento vai transformar estratégias de recursos humanos
mudanças na oferta de talentos irá ocorrer durante a próxima década. Para completar os resultados
de nossa pesquisa quantitativa, foi realizada uma série de entrevistas em profundidade com HR
executivos de todo o mundo e chamou a experiência de nosso comitê de direção de RH.
Nossa pesquisa revela não só paisagem de amanhã para o talento global será
dramaticamente diferente do que a de hoje, mas que alguns países e Industries
precisam de se adaptar mais rapidamente para acomodar essas mudanças rápidas.
The Tennessee Business Retention and Expansion Course is a one and a half day course which focuses on how to develop, implement and evaluate an effective retention and expansion program. Presentation from Laith Wardi, CEcD, President of ExecutivePulse,Inc.
Pivotal Research Group LLC: Madison and wall 3 30-12Brian Crotty
Madison & Wall
A Recurring Review of Topics Affecting Advertising-Supported Media
March 30, 2012
Welcome to Pivotal Research’s “Madison & Wall”. The title refers to our work which
sits at the intersection between the advertising industry and the financial world. We
hope you’ll find these brief notes useful for their contrast to the hyperbole that
pervades much of the chatter at that location.
Similar to 2014 business briefing_humancapital_final (20)
North America Industrial Construction Cost Guide 2023Guy Masse
North America Industrial Construction Cost Guide 2023.
An essential tool to guide capital expense decisions for industrial real estate
Cushman & Wakefield’s Industrial Construction Cost Guide provides an indication of the construction costs in the industrial sector for 43 key cities in the United States, Canada and Mexico. The Guide, compiled by our Project & Development Services team, gives insight into the factors driving the industrial real estate market, and gives insight for capital planning.
While the North American industrial sector faces the challenges of rising costs, material shortages and labor shortages, demand for industrial space remains strong. The sector may face a potential cooling down in the long term, but the construction pipeline is expected to remain robust, with a focus on modern, efficient facilities that can meet the needs of a changing market.
Highlights of the report:
Economic Overview
Strong demand for industrial properties driven by e-commerce
Competition for materials and inflationary pressures driving construction costs higher
March 2022 Labour Market Survey Highlights
• Employment rose by 73,000 in March, driven by an increase in full-time work.
• Employment rose in both the services-producing and the goods-producing sectors.
• Total hours worked rose 1.3% in March.
• The unemployment rate fell 20 basis points to 5.3% in March, the lowest rate on record since comparable data became available in 1976.
• The proportion of workers who report that they usually work exclusively from home continued to decline, down 180 basis points to 20.7%.
Cushman & Wakefield Toronto Americas Marketbeat Office Q1 2019 Guy Masse
Outlook
Given low availability, robust demand, and little relief from new
supply, the office story in Downtown Toronto is expected to remain
one of historically tight conditions and rising rental rates. On the
suburban front, availability is expected to trend upward in GTA
West as over 800,000 square feet (sf) hits the market in the second
half of 2019. GTA East will continue to see a moderate performance
with less than 200,000 sf of space tracked to become available this
year.
Outlook
While not as robust as 2018, the market is expected to
maintain its momentum over the course of 2019. Although
market conditions are increasingly becoming landlord
favourable, the market remains quite competitive. Large
occupiers seeking space in the Central area are now looking
to new developments to satisfy their needs as there are very
few large contiguous blocks of available space left in the
market. In the Financial Core, only six options for tenants
seeking 50,000+ sf of space remain. Despite the
disappearance of large available space options and the
significant downward pressure on vacancy rates, landlords
have only marginally increased rent expectations at
approximately 2% annually. A slight year-over-year increase in
average net asking rates is anticipated as a result of Class
AAA deliveries; however, the range of rates is not expected to
change
The hottest CBD markets saw overall expansionary momentum easing back of over the first quarter, consistent with what is happening in the overall economy. Interestingly, suburban markets saw a significant uptick in expansionary momentum. This shifting momentum is due to a lack of available space within key gateway central markets, where demand has outpaced supply for some time.
KEY HIGHLIGHTS
• Vancouver’s tight CBD markets saw Class A availability hit a historic low of 1.4%.
• Montreal saw expansionary growth drive CBD Class A availability to a cycle low of 5.9%. Way to go Montreal!
• Downtown Toronto saw negative absorption over the first quarter of 2019.
• Toronto’s downtown market has close to 12 million square feet of new supply in the pipeline, arriving between now and 2024.
• With limited options available in Vancouver and Toronto’s CBD markets, many tenants are committing to available space now to secure their future expansionary growth.
Cushman & Wakefield's Canadian Office Statistical Summary Q4 2018Guy Masse
Q4 2018
Canadian Office Statistical Summary
Driven by buoyant demand from technology companies, extremely tight CBD markets in both Vancouver and Toronto got even tighter over the final quarter of the year, helping drive the National CBD vacancy rate to 8.7% - its lowest point since Q3 2015!
KEY HIGHLIGHTS
• Canadian CBD Class A markets saw absorption of 3.6 msf in 2018, with a fourth quarter contribution of 1.5 msf. This is the strongest premium space growth since 2011.
• The arrival and partial occupancy of Stantec Tower helped drive Q4 2018 absorption in Edmonton’s downtown market to above 800,000 sf, with a final year-end 2018 tally of 1.2 msf.
• Although Calgary continues to see modest momentum in its CBD market, Suburban markets had a strong year with absorption reaching 337,000 sf. This drove vacancy to 16.9% from 19.4% one-year-ago.
• Vacancy in Downtown Toronto reached an incredibly tight 1.9% in Q4, a vacancy rate not seen in over 35 years. Conditions are expected to remain extremely tight until late 2020 when the first in a 10.7 msf wave of new developments will begin to hit the downtown market.
• Downtown Vancouver, another hot market driven by technology growth, saw its vacancy decline to 2.3% in Q4; its lowest point since Q2 2008. Like Toronto, little relief for tenants is not anticipated until the next wave of downtown new supply begins to arrive in late 2020.
C&W REAL ESTATE MARKET REPORTS : WORKPLACE 2025 #CREGuy Masse
Visualizing the workplace in 2025 starts with the realization that planning for that reality starts today. People today can work from anywhere, at any time so offices now must compete with other workplace options. When workers do go into the office they want a work environment to complement their work-life experience – and in a place where they feel valued, connected and supported. It’s all about people – and it’s closer than you think.
Cushman & Wakefield Q12018 Canadian Office Statistical SummaryGuy Masse
Q1 2018 Canadian Office Statistical Summary
Turning Up the Heat
The summer arrived about nine years ago for many Canadian office markets, marking one of the longest growth cycles on record. With CBD availability rates plunging as low as 2.5% in Toronto and 4.3% in Vancouver, the heat has intensified. Meanwhile, oil-producing markets are seeing the first signs of recovery.
KEY HIGHLIGHTS:
• After enduring a grinding bust cycle, top oil-producing markets -- Calgary, Edmonton, and St. John’s -- reached high-water CBD availability marks of 23.7%, 14.1%, and 26.7%, respectively. CBD Edmonton will see the Stantec Tower arrive in Q3 2018, pushing availability towards 20%.
• With oil prices gaining some buoyancy in recent months and CBD Calgary expected to hit peak availability by early 2019, expectations are growing that absorption will begin shifting to the positive side over the next few quarters.
• Remarkably, CBD Toronto saw the strongest absorption of the quarter, reaching close to 300,000 square feet (sf). Both Toronto and Vancouver downtown markets will remain notoriously tight until at least 2021.
• Of the major markets, Vancouver did it again, posting the strongest suburban expansionary momentum in the country, totaling about 300,000 sf. The runner up, surprisingly, was Calgary, where suburban absorption hit 115,000 sf over the quarter. Green shoots!
U.S. MarketBeats provide an overview of quarterly CRE activity and trends, a snapshot of current economic and capital market conditions as well as market-level statistics on key metrics.
The U.S. economy in 2016 was characterized by steady growth in the face of uncertainty. The year began with steep declines in global equity markets in response to concerns about a slowdown in China, the Europe replaced Asia as the focal point of global anxiety after the Brexit vote. In the fourth quarter, the U.S. unexpectedly elected Donald Trump as President. Despite uncertainty, the economy continued to add an average of 180,000 jobs per month during 2016.
U.S. MarketBeats provide an overview of quarterly CRE activity and trends, a snapshot of current economic and capital market conditions as well as market-level statistics on key metrics.
The U.S. economy in 2016 was characterized by steady growth in the face of uncertainty. The year began with steep declines in global equity markets in response to concerns about a slowdown in China, the Europe replaced Asia as the focal point of global anxiety after the Brexit vote. In the fourth quarter, the U.S. unexpectedly elected Donald Trump as President. Despite uncertainty, the economy continued to add an average of 180,000 jobs per month during 2016.
Welcome to the Cushman & Wakefield Atlas Outlook 2016,
an update on the International Investment Atlas that reviews
how the market performed last year and, more particularly,
what we should anticipate for the year ahead.
We have examined a series of questions when approaching this publication: what are the key forces
driving and transforming the global market? Who will be the winners in this volatile environment?
How should a subsequent investment strategy be most advantageously aligned?
Of course, in a highly uncertain but fast changing world, the need for insightful research is
increased – but the task of delivering a robust and well-considered view is made more difficult. By
bringing together expert opinion from across our capital markets, occupier and research teams
around the world, we have sought to answer this challenge and hope you agree we have delivered a
concise but thoughtful review of the state of the market and the outlook for the year ahead.
Naturally, any research can only be enhanced by further industry insight. To help us continuously
improve our Atlas Outlook, we would value your thoughts, comments or suggestions. Feel free to
share these via our Cushman & Wakefield social media
channels or by contacting our capital markets or research teams directly.
WINNING IN GROWTH CITIES /ACushman & Wakefield Capital Markets Research Publi...Guy Masse
This report has been prepared by the Research and
Capital Markets teams at Cushman & Wakefield to
identify the winning cities in today’s international real
estate investment market. The executive summary
looks at the largest and fastest growing cities in
investment terms and the differences in pricing,
as well as demand and activity between sectors.
Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
Recent Trends Fueling The Surge in Farmhouse Demand in IndiaFarmland Bazaar
Embarking on the journey to acquire a farmhouse for sale is just the beginning; the real investment lies in crafting an environment that contributes to our mental and physical well-being while satisfying the soul. At Farmlandbazaar.com, India’s leading online marketplace dedicated to farm land, farmhouses, and agricultural lands, we understand the importance of transforming a humble farmland into a warm and inviting sanctuary. Let's explore the fundamental aspects that can elevate your farmhouse into a tranquil haven.
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Keep Your Home Naturally Cool and Warm Out Change in Seasons
Vinra Construction is a private limited company registered under the ROC. The management has an experience of over 15 years of understanding the needs and delivering apt solutions to the end users We are providing turnkey solutions in construction fields. like Construction, Interior Designing Facility Management, Plantation Management, etc..
Vinra Construction Tech Enabled Company for Eco-Friendly Home Construction
Contact With Vinra for a Greener Future >>> Call us @ 888 4898 765
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
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3. HUMAN CAPITAL
CUSHMAN & WAKEFIELD 3
EXECUTIVE SUMMARY
Maintaining a competitive advantage in today’s business environment requires the
continuous innovation of new products and services. Companies across all
industries are competing fiercely for new ideas and new ways to engage customers
and prospects.While there are a host of business challenges, from the slow growing
global economy, to an increased regulatory environment, to new geo-political risks,
perhaps the biggest challenge facing companies over the next decade is labor.
Finding the right talent to help the organization compete and innovate is, and will
continue to be, a significant issue in the coming decade.
Real estate has a role in assisting the corporate enterprise with recruiting and
retaining labor.Whether through workplace designs that help foster greater
collaboration and give birth to new ideas, amenities that enhance work/life balance,
or locations that appeal to a broad array of workers, real estate’s role with respect
to the recruitment of labor has changed. Employees are demanding that certain
elements be part of their experience and occupiers are responding with new and
innovative ways to use real estate as a recruitment tool. Real estate strategies
focused on recruiting and retaining talent are also contributing to significant
changes in real estate market fundamentals across the U.S., and these changes
could have profound implications for where and how people work for a generation.
4. 4
HUMAN CAPITAL TOPS THE
CORPORATE AGENDA
1. HUMAN CAPITAL
2. Customer Relationships
3. Innovation
4. Operational Excellence
5. Corporate Brand and Reputation
6. Global Political / Economic Risk
7. Government Regulation
8. Sustainability
9. Global Expansion
10. Trust in Business
Source:“CEO Challenge 2014”,The Conference Board
THE HUMAN CAPITAL CHALLENGE
Occupiers are seeking real estate solutions that offer them the best
chance to capture the talent they need to remain relevant and competi-
tive in their industries. In The Conference Board’s 2014 annual survey,
The CEO Challenge, human capital ranked as the most critical business
challenge facing today’s global CEOs.The second and third most critical
challenges identified were customer relationships and innovation, respec-
tively. However, without the right talent in the right roles, corporations
will not be able to adequately address any of the challenges or threats to
their business.
LABOR COSTS FAR EXCEED REAL ESTATE COSTS:
Increasing labor costs are fueling concern over human capital. In a
company’s cost structure, the expenses associated with personnel
typically far exceed the expense of occupancy. Recruiting, training, and
compensating employees can cost an organization anywhere from
35%-55% of its total costs, whereas real estate costs typically range from
5%-15%.The consequences of an unsuccessful strategy that impacts over
35% of costs can be significant to the business. Getting the labor strategy
right is critical, and more and more corporations are putting that ahead
of real estate cost.Those businesses that remain focused solely on the
cost of their real estate when determining location are ignoring the
larger corporate agenda and the future viability of the enterprise.
CHANGING DEMOGRAPHICS
IMPACTING SUPPLY OF LABOR:
Businesses are also facing significant headwinds when it comes to the
availability of talent in the marketplace.With the first generation of baby
boomers retiring, a significant supply/demand mismatch is materializing in
the U.S. labor force.While baby boomers are leaving the working age
population, they will continue to demand a significant amount of material
goods and services from the economy. In short, the demand on busi-
nesses will continue to grow, while the ability of businesses to produce
will become strained.
“Corporations that
focus solely on the
cost of their real estate
are ignoring the larger
corporate agenda.”
5. HUMAN CAPITAL
CUSHMAN WAKEFIELD 5
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
2000 2005 2010 2015 2020 2025 2030 2035 2040
Chart A notes the projected net annual change in the U.S. labor force (ages 18-64) from 2000-2040.While the millennial generation
will be entering the workforce and eventually grow to be the dominant age demographic (Chart B), the growth rate of the U.S.
working age population is slowing.This being the case, the U.S. economy is on the verge of a prolonged period where the new supply
of labor will not keep pace with demand.Thus, finding the right talent to fill vacancies in organizations will become more challenging
and significantly more expensive.This supply/demand mismatch will increase the competition for talent, which in turn, will drive-up
compensation costs and ultimately impact corporate profitability.
A: GROWTH OF WORKING AGE POPULATION SLOWING
(NET CHANGE IN U.S. POPULATION AGES 18-64)
Source: U.S. Census Bureau
Source: U.S. Census Bureau
58% Drop
Millenials
Gen X
Baby Boomer
Traditionalists
Gen2020
Millenials
Gen X
Baby Boomer
Gen 2020 (After ‘98) Millennials (‘77 - ‘97) Gen X (‘65 - ‘76)
Baby Boomers (‘46 - ‘64) Traditionalists (Before ‘46)
B: DEMOGRAPHICS OF WORKFORCE SHIFTING
(COMPOSITION OF U.S.WORKFORCE)
2010 2020
37%
51%
6. 6
DEFINING AN INNOVATIVE MARKET
Certain markets provide occupiers with a better chance
to support talent and innovation.The U.S. Department of
Commerce, in conjunction with the Purdue Center for
Regional Development and the Indiana Business Research
Center, has developed a methodology for assessing the
capacity of a region’s innovation capability.The innovation
“potential” of a region can best be determined by assessing
a distinct set of economic inputs and outputs that have the
potential to yield greater innovation within an economy.
Cushman Wakefield analyzed 61 real estate markets using
the U.S. Commerce Department criteria and compared the
top 20 to the U.S. average (see graphic below).
The best markets for occupiers tend to be those that
offer the least compromise between labor quality and cost.
There are markets that offer high innovation potential with
a below average costs. Austin,TX ranks the highest when
comparing innovation potential to rent. Other markets with
favorable innovation to cost comparisons include: Seattle,
Raleigh / Durham, San Diego, NoVA / Suburban MD, and
Manchester, NH.
Please see the back cover for more information on how the
Innovation Index is calculated.
KEY MARKETS FOR INNOVATION
INNOVATION INDEX SCORERENT
94.2LOSANGELES$36.90
93.1No NJ$31.00
93.1NEWYORK CITY$76.00
90.8HOUSTON$41.98
94.2ATLANTA$26.48
97.9NEW HAVEN$23.09
100.3BALTIMORE$27.35
102.4MINNEAPOLIS$26.61
105.1MANCHESTER NH$19.91
107.4SAN DIEGO$33.60
109.6SEATTLE$34.48
110AUSTIN$43.16
111.8BOSTON$50.99
112.7FAIRFIELD COUNTY,CT$55.74
116.4SAN FRANCISCO/OAKLAND$60.20
128.3SILICONVALLEY$36.75
90.4CHICAGO$38.08
97.1DENVER$31.94
99.7SALT LAKE CITY$30.16
101.4PHILADELPHIA$27.65
103WASHINGTON DC$58.35
107NoVA/SUBURBAN MD$37.36
107.5RALEIGH/DURHAM$26.36
109.7CENTRAL NJ$29.37
96.5DALLAS$26.05
97.8PORTLAND$27.04
100USAVERAGE$47.40
Source: U.S. Department of Commerce, Cushman Wakefield
7. HUMAN CAPITAL
CUSHMAN WAKEFIELD 7
REAL ESTATE MARKETS ARE CHANGING
The occupier war for talent has impacted real estate
property types and market dynamics. A preference for
urban-style living and working is dictating location
decisions, as occupiers seek to capture the new
urbanism trend that has developed in many U.S. cities
and markets. Demographic shifts have produced higher
than average population growth within major U.S. cities.
Millennials and Boomers, both of which have smaller
households on average, are seeking urban-type locations
to live, work, and play and corporations are following.
This new sense of urbanism has altered the real estate
dynamics within many core Central Business Districts
(CBDs) and given rise to submarkets that have long
been ignored by occupiers and investors alike. Previously
overlooked submarkets in cities such as Boston, New
York, Chicago, and San Francisco, among others, have
provided lower-cost alternatives to traditional CBD
locations. Seemingly overnight, many of these markets
have experienced significant office, retail, and residential
development in response to occupier demand and as a
result are now becoming increasingly more expensive.
RIVER NORTH (Chicago)
$38 Class A Rent
13.5% MarketVacancy
0 SF Under Construction
RIVER WEST
$20 Class A Rent
13.0% MarketVacancy
550,000 SF Under Construction
SEAPORT DISTRICT
(Boston)
$55.00 Class A Rent
4.8% MarketVacancy
MIDTOWN SOUTH
(NewYork)
$76.15 Class A Rent
11.1% MarketVacancy
2.4 Million SF Under Construction
S. FINANCIAL (San Francisco)
$60.00 Class A Rent $60.00
8.9% MarketVacancy 8.9%
3.5 million SF Under Construction
E. SOMA (San Francisco)
$60.00 Class A Rent
5.2% MarketVacancy
535,185 SF Under Construction
AUSTIN,TX
$43.00 Class A Rent
9.3% MarketVacancy
959,887 SF Under Construction
RISING INNOVATION SUBMARKETS
WHAT MAKES A MARKET INNOVATIVE:
Successful innovation requires a host of factors that allow
new ideas to be brought to market.Having the right human
capital is critical for innovation.However,talent alone does
not mean that innovation will occur.Other factors are
required for innovation to succeed.While Chicago,New
York,Northern NJ,Atlanta,and Dallas all rank high in
human capital,according to the index methodology they do
not have the right mix of other economic components to
rank higher,such as overall job growth,an increasing
percentage of high-tech employment,and venture capital
investment,among others.
A low index score does not eliminate a market from
consideration for corporate expansion. Innovation, as a
component of location strategy, must be assessed at the
industry and company level to ensure the right match
for the enterprise. For example, Houston has a low
overall index score, yet is the leading market for energy
related businesses and has built an infrastructure around
that industry that would be challenging to replicate.
8. 8
SUCCESSFUL PROPERTIES FOCUS ON THE EMPLOYEE EXPERIENCE
The most successful product types today are the ones that bring together the necessary components to make recruit-
ment work. Buildings and markets that are served by public transportation provide millennials and other workers better
access to the office without having to provide their own transportation. Nearby residential and retail provide an overall
employee experience, while the right workplace strategy shows employees that the company has an investment in how
they work.
SUBURBAN REAL ESTATE:
Leading owners of suburban property have realized that the best way to compete with urbanization and assist their
tenants in attracting talent is to bring urban elements to the suburban marketplace. Properties that help effectively move
employees from one aspect of life to another and support the employee experience are being sought by occupiers─and
these properties do not have to be in an urban core market. In the war for talent, corporations understand that they are
hiring a whole person and the environment they provide should support that.
LIFE
24/7
Convenience
PLAY
Health, Retail,
Amenities
WORK
21st century
work style
EMPLOYEE
EXPERIENCE
9. HUMAN CAPITAL
CUSHMAN WAKEFIELD 9
CALL TO ACTION
OCCUPIERS
Determine the best markets today and in the future for talent recruitment and retention at a global,
regional, and local level.
Consider a workplace strategy as a way to contain occupancy costs before compromising on the quality of labor.
Know the importance of the employee experience to your current and future workforce.
Consider even slight differences between submarkets that can make or break a project.
INVESTORS
Integrate work, life, and play into existing and new developments.
Consider a reverse site-selection analysis that assesses the competitive advantages of the property, the
industries it is best-suited to attract, and the ideal strategy for maximizing its marketability and occupancy.
Ensure that the capital improvement budgets focus on making the right investments to attract and
retain talent in the industries being targeted for tenancy.
Consider ways to improve access to the property.
1
2
3
1
2
3
“Real estate plays
a significant role in
recruiting, retaining,
and engaging talent.”
4
4
10. 10
www.cushmanwakefield.com
For more information about this briefing contact:
Rick Cleveland
Managing Director
CIS Research Strategy
rick.cleveland@cushwake.com
Debra Moritz
Executive Managing Director
Head of U.S. Business Consulting
debra.moritz@cushwake.com
For more information about Cushman Wakefield’s
CIS platform and services, contact:
John C. Santora
President and CEO
Corporate Occupier Investor Services
john.santora@cushwake.com
CORPORATE OCCUPIER INVESTOR SERVICES
Corporate Occupier Investor Services (CIS) creates comprehensive
solutions for real estate portfolios, aligning real estate strategies to our
clients’ overall business priorities. Our clients range from multinational
corporations to owners/occupiers of single assets, in local markets and
across the globe. CIS adds value as a trusted advisor, leveraging all services
to span the entire life cycle of our clients’ real estate.
Global CIS teams collaborate through the sharing of best practices, use of
consistent tools and processes, alignment of goals and priorities through
industry-leading performance management and governance programs and
flexible, effective technology. CW partners with clients, enabling them to
focus on their core business, confident that real estate experts are attending
to every strategic and operational detail required to create, optimize and
protect business value.
CIS Services:
Account Management
Agency / Landlord leasing
Business Consulting
Transaction Management
Facilities Management
Lease Administration
Project Management
Property / Asset Management
Risk Management Services
INNOVATION INDEX DESCRIPTION
The U.S. Commerce Department’s Economic
Development Administration, in conjunction with
the Purdue Center for Regional Development,
the Indiana Business Research Center, and other
research partners, in 2009 developed the
Innovation Index.The index measures specific
inputs and outputs, that when present in an
economy, allow for increased innovation to occur.
The index compares 22 different economic
inputs and outputs for a defined region to for the
U.S., some of which include:
High-tech employment
Knowledge-based occupations
Education of population
Venture capital investment
GDP / Worker
Average patents issued
More information can be found at
www.statsamerica.org