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The Raub Blog


 

Hulu has recently signed a lease for 60,000 square feet of office space at Fountainhead Park that will last through 2024. Although the company initially only needed one floor, an accelerated business model gave cause for a sudden, and urgent need for additional space. Transwestern, which manages the two Fountainhead Park buildings, noted that redundant fiber and a very tempting rate were among the many attractive amenities proposed to Hulu. Transwestern Vice President, Kelly Ralston voiced her hopes that the list of amenities offered to the company, as well as infrastructure, air conditioning, and location will lead to Hulu pursuing the renewal options available to them at the end of the current lease.

Patience pays off for Hulu’s Northwest San Antonio campus

 

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CBRE’s most recent Office Trends Report for the 1Q17 questioned 1,500 company professionals concerning the Office market throughout the Americas. Trends seen throughout the industry include tenants shedding excess space and sticking to the essentials, increasing efficiency. Suburban offices are becoming increasingly popular having absorbed 74% of total net absorption. While vacancy slightly rose nationally during the first quarter for the first time in seven years, vacancies fell throughout suburban office markets on the regional scale. Landlords are redesigning and upgrading their units to differentiate themselves from competition, as well as including service-oriented amenities such as cafeterias, bike racks, showers, and day cares to name a few. Increase in density throughout pedestrian-friendly Central Business Districts is also giving rise to the issue of insufficient parking. Overall in the 1Q, Office sales activity fell 12.4% annually and sales activity increased in suburban areas by 7% according to CBRE. Moody’s RCA CPPI Index reports that cap rates remained stable averaging 6.8%.

Different Perspectives: Here’s What 1,500 CBRE Brokers Think About The Current Office Market

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Move Over Gateway Cities: Why Texas Is Attractive to Foreign Investors

June 22, 2017

Tweet   It is becoming evident amid the changing foreign investment climate that investors, looking to diversify their strategies and targets, like the Lone Star state. Texas now outpaces California and the entire country in foreign investment % relative to sales volume. Last year alone foreign investment totaled $5B, 15% of total sales according to […]

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San Antonio And Austin Lead Nation In Sprawl, Study Finds

June 21, 2017

Tweet   The New York Times revealed that out of 41 cities included in a recent study there are three Texas cities which rank in the top 4 sprawling cities across the U.S. While expectations were that cities were becoming much denser, there is a clear pattern illustrating how cities which are already dense continue […]

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More Optimism About U.S. Buying Climate Signals Spending Rebound

June 20, 2017

Tweet   According to the latest Blomberg Consumer Comfort Index, buying climate has increased almost 2% to 46.7%, the highest it has been since December 2001. Personal finance measures and overall comfort have increased as well, while personal sentiment towards the post-election economy has dipped negatively. Overall consumers are feeling confident in their expenditures but […]

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The Impact Of Driverless Cars On Real Estate Could Be Huge

June 16, 2017

Tweet   While the real estate industry is preparing to see what kind of an impact automated vehicles will have on commerce, city and government officials scramble to find a suitable way to regulate the automobile’s formal arrival. Southern Illinois University-Carbondale architect and assistant professor Shannon McDonald believes its effect will be equal to that […]

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Pricing Concerns, Cyclical Uncertainty More Apparent as Foreign Investor Activity Diversifies

June 15, 2017

Tweet     Foreign investor activity shows apprehension mostly due to perceived end-cycle risk, pricing and lack of preferable assets according to real estate research firms Real Capital Analytics and Prequin. Investor activity is down 4% since the 4Q16, RCA Senior Vice President, Jim Costello notes that there is pull-back seen from both buyers and […]

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News Once Supply Meets Demand, Co-Working Won’t Look the Same

June 14, 2017

Tweet   Unlike a typical office environment, co-working spaces consist of members who work for separate entities, ventures and projects. Many may even own their own small business and simply need a quiet place to work. Co-Working Space is currently in its “golden era” and shared office space is expected to grow significantly within the […]

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