Real Estate Market in the Shadow or Light of the Election

Click on the link to Cushman & Wakefield’s latest observations about the history and impact of elections on the commercial real estate market.

INDUSTRIAL

User/occupier industrial and warehouse transaction velocity are good so far in 2024, and very good for The Schiller-Kolber Team.  Sales and leases from 7,000 sf to 98,000 sf, with strong activity in the 25,000-30,000 sf range.  We have leases out for signature and several sales  scheduled to close in this last quarter.  Investment sales lag, we are teeing up one as I write this update.  Watch for several new listings we expect to commence marketing.

OFFICE

The office market faces many changes and opportunities, with lower transaction velocity.  Our team completed early renewals, “rightsizing” of spaces for tenants, and blend & extends.

Office Tenants ought to call us 24 months before a lease expiration or a renewal in order to also enable a “blend & extend” strategy.  We  can implement this earlier than 24 months prior to lease expiration.  Call us to discuss how.

Office Owners need focused, aggressive, “in the trenches,” on the phones, and accountable marketing campaigns.  Call us to discuss the details of our strategy and tactics.

Call us with your questions about the Buffalo and Upstate New York markets, and about your specific needs and challenges.

Dave (716-628-3477)  or Charles (716-374-3178)