Expert Perspectives for Strategic Decisions
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Unlock an exclusive resource that blends expert knowledge with visionary insights. Each viewpoint offers in-depth analysis, equipping you to stay ahead of industry shifts and make confident, informed decisions. Through the lens of luxury hospitality and commercial real estate, our thought leaders drive innovation, delivering strategic guidance that enhances your business approach and fosters sustained growth across all sectors.
Jessica M. | Real Estate Strategy
Brookfield
Properties
Insights into evolving market dynamics provided clarity for swift strategy adjustments, capitalizing on emerging opportunities and driving impressive returns. This approach optimized portfolio performance, setting a new benchmark for real estate investments.
Redefining Real Estate Now | New York City, NY
Daniel B. | Senior Director of Operations
Hilton Hotels
Guidance on enhancing operational efficiency streamlined property management systems, resulting in notable improvements in tenant satisfaction and operational effectiveness. This strategic approach transformed day-to-day processes for greater success.
Operational Excellence Plans | Los Angeles, CA
Michael K. | Director of Hospitality Operations
Marriott
International
Valuable forecasts on emerging hospitality trends offered actionable insights, improving guest experiences while maintaining profitability. These analyses provided a strategic advantage in a highly competitive market landscape.
Hospitality Market Shifts | Chicago, IL
Karen S. | Managing Director, Director
CBRE
Karen leverages Houston’s dynamic market trends to drive investment in office and mixed-use developments, ensuring long-term growth. Her strategic approach empowers portfolios to thrive in competitive environments.
Real Estate Market Trends | Houston, TX
Lisa R. | Director of Rooms
Four Seasons Hotels
Lisa enhances guest satisfaction by integrating data insights with personalized luxury services. Her leadership at Four Seasons Montréal has redefined room operations and set a new standard for urban hospitality.
Enhancing Guest Experience | Montréal, QC
David C. | Director of Operations
LaSalle
Scott optimizes building performance through strategic cost control and tenant engagement. His operational leadership at LaSalle ensures properties run efficiently, improving overall performance and tenant satisfaction.
Operational Realty Mastery | San Diego, CA
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[Figures]
Manhattan Office Figures August 2024
Where:
Manhattan, NY
Markets Research:
Bashir Mushinge
Leasing activity for August 2024 in the Manhattan office market reached 1.91 million sq. ft., marking a 13% increase over the five-year monthly average of 1.69 million sq. ft. Year-to-date leasing activity now totals 13.01 million sq. ft., up 35% from the prior year.
Renewals in July amounted to 863,000 sq. ft., contributing to a year-to-date total of 4.76 million sq. ft. The availability rate decreased by 20 basis points to 19.9%, maintaining a flat rate year-over-year, while net absorption was positive at 1.00 million sq. ft., leading to a year-to-date positive absorption of 896,000 sq. ft.
Los Angeles Office Figures Q2 2024
Where:
Los Angeles, CA
Markets Research:
Hiran Wirekoon
The Los Angeles Downtown office market closed Q2 2024 with a vacancy rate of 31.5%, net absorption totaling negative 493,000 sq. ft., and an overall average direct asking rate of $3.73 per sq. ft. on a monthly, full-service gross basis.
The Los Angeles Downtown East office market closed Q2 2024 with a vacancy rate of 52.1%, net absorption totaling negative 77,000 sq. ft., and an overall average direct asking rate of $4.75 per sq. ft. on a monthly, full-service gross basis.
Saudi Arabia Real Estate Market Review Q2 2024
Where:
Saudi Arabia
Markets Research:
Yousef Barghouth
Saudi Arabia's real estate market showcased strong activity in Q2 2024, though the supply constraints continue to limit overall growth. The GDP is estimated to rise by 1.5% in 2024, with May 2024 seeing headline inflation steady at 16% for the third consecutive month.
Residential market highlights include a 3.3% increase in the average villa price in Riyadh, reaching SAR 5,824 per square metre, while Jeddah saw a marginal 0.8% rise to SAR 5,707 per square metre. Meanwhile, apartment prices in Riyadh surged by 6.6% year-over-year to SAR 4,971 per square metre.