seven predictions for commercial property in 2020

January 2, 2020

30% of the 75 global office markets Knight Frank monitor will be Landlord favourable in 2020, as acute shortages of high-quality office space continue to condition occupier behaviour.   In markets such as Bangalore, Dublin, London, Mumbai, Paris, San Francisco, Shanghai and Sydney occupiers will increasingly activate searches more than five years ahead of lease events for fear of missing out (FOMO). Accordingly, pre-letting activity will continue to rise as those occupiers seek best in class space that supports wider strategic ambitions. This pre-letting activity will quicken the transition from an adversarial to partnership relationship between Landlords and occupiers (AKA customers).   This partnership will be in growing evidence as both parties work jointly to create solutions in response to the growing challenge of sustainability or the on-going task of aligning business-planning horizons with real estate. The latter will bring a further suite of flexible office products to global markets, delivered either directly by Landlords or in partnership with operators.

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HENBART LLC

Henbart LLC is a Seattle based real estate company that develops, owns and manages commercial and residential properties in the Pacific Northwest. Started in 1922, we offer a century of experience in the acquisition and development of real estate with the ability to hold assets long-term and maintain hands-on management. We measure success by the quality of our real estate assets, and believe it’s our responsibility to develop and manage properties that add value to a neighborhood and greater community.

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Spotlight

HENBART LLC

Henbart LLC is a Seattle based real estate company that develops, owns and manages commercial and residential properties in the Pacific Northwest. Started in 1922, we offer a century of experience in the acquisition and development of real estate with the ability to hold assets long-term and maintain hands-on management. We measure success by the quality of our real estate assets, and believe it’s our responsibility to develop and manage properties that add value to a neighborhood and greater community.

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