HM Blog
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The Office Market Begins Searching for a Bottom
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After three years of spiking office space availability rates, 2024 was the first year where the U.S. office market began searching for a bottom. Most metro markets did not see office availability rates materially rise or fall over the last year, which is good news for owners, suggesting that the markets might be stabilizing. There…
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I have a theory. I actually have lots of theories. My friends find it mildly annoying and sometimes entertaining. This theory is about “The Great Resignation.” Some pundits are saying that the Great Resignation is reflecting a shift in the balance of power from employers to employees, and about getting employers to step up and pay a “fair” wage. And…
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Since the beginning of Hughes Marino, CEO Jason Hughes and I have always embraced an entrepreneurial spirit, coupled with a passion to help champion the rights of commercial tenants across the country. Building and expanding our company and brand is a never-ending challenge that we are always eager to take on, but company expansion doesn’t happen effortlessly overnight. We protect…
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Once brimming with the energy of tech startups, marketing agencies and professional service firms—as well as a thriving retail, dining, arts, theater and music scene—Downtown San Diego has a long way to go to achieve its pre-pandemic vitality. Over the past year and half, many downtown companies moved out of tens of thousands of square feet of office space, leaving…
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In the Bay Area, the market continues to be tight with record low vacancy rates and high demand for laboratory space. Based on these market conditions, life science companies that need lab space should be thinking 24 months ahead to ensure they can secure the needed real estate for their operations. Due to limited supply, new transactions for wet laboratory…
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With a “new normal” emerging where office tenants are offering their employees varying degrees of a hybrid work environment, the Seattle area life science market, one which is dependent on space to perform research and manufacturing, is thriving. The success of these companies is placing a huge demand on buildings that offer laboratory and manufacturing space. Many of our region’s life science…
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Despite the Covid-19 pandemic taking a catastrophic toll on many U.S.-based businesses, Hughes Marino bolstered its reach by adding a Denver office to its fleet of locations, including Los Angeles, San Diego, Orange County, Seattle, San Francisco, East Bay and New York. “We added the Denver office in the fourth quarter of last year, with the grand opening of Denver…
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Business leaders across the country are cautiously observing one of the tightest industrial real estate markets on record with vacancies as low as 1.7% in some submarkets per our most recent Industrial Market Report. Relocation options are scarce and it seems like every week there is a record breaking rental price published above asking much to the investment community’s jubilee.…
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As industrial rents drastically rise throughout the country, the probability of moving your warehouse, distribution center or manufacturing plant is more likely than ever. Nationally, rents for industrial space were up 9.7 percent for the first part of 2021, and in the Inland Empire, for example, they are up 24.1 percent. That’s a huge increase that many occupiers have not…
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It’s official! We will be returning to the office with a “soft opening” on July 7th, and a formal return-to-office scheduled for Tuesday, September 7th following the Labor Day weekend. I am certain that every business leader has been struggling and searching for the right answer as to how best to execute a “return-to-office.” This is unchartered territory for all of…
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I am going to take a deep dive here down another rabbit hole and try to explain one of the more interesting and unusual aspects of commercial real estate. Let’s call it the “Free Rent Game.” I am going to assume that you understand cap rates; what they are, how they function and how they exponentially super-charge the rent that…
