While retailers continue to evolve in an effort to meet consumers' changing tastes and experiment with formats and offerings, the process for leasing a space penalizes innovation, says Maven's DeRose.
West Monroe Partners' employees will move into the new space in the fall of 2020 from its current headquarters is at 222 W. Adams St., in The Franklin, where it has been since 2012 and currently leases 104,000 square feet.
The commercial brokerage firm states that year-to-date leasing volume in Northern and Central New Jersey totas 6.2 million square feet—8.1% ahead of last year's totals during the same period.
Vacancy is expected to stay low, and supply and demand will remain unbalanced until at least 2022 or 2023, pushing asking rates, which increased 8.9% year-over-year to $82.23 per square foot.
Auto repair and collision centers have become an attractive niche for real estate investors seeking safe alternatives, i.e. Internet-proof investments that offer the potential for steady cash flow.
The environmental and geotechnical engineering and consulting firm is expected to take occupancy at the 207,252-square-foot Class A office building by March 2020.
It is important to embrace diversity and create a collaborative office culture to help women break through the male-dominated glass ceiling of leadership roles in real estate, says Kelli Brennan.