HM Blog
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San Diego Industrial Market Firmly Tilts Toward Tenants
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The San Diego regional industrial market has become very tenant-favorable post-Covid, as supply and demand conditions for industrial space have shifted such that availability rates around the region have spiked in the last two years. Much of this availability spike is based on speculative over-development of industrial buildings built from 2020 to 2024 to support…
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A well-structured build-to-suit (BTS) can deliver the exact facility your team needs, without overpaying for features you’ll never use. The key is attacking cost barriers head-on: establish ruthless cost visibility, choose procurement models that align incentives, standardize wherever possible and use digital decisioning to avoid missteps before they happen. BTS is a development approach in which a developer designs and…
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A cooler, more predictable capital market is reshaping how companies take control of their real estate in 2026. With commercial real estate interest rates stabilizing near 6%–6.5% for industrial and 6.5%–7.25% for office property, and a looming $1.8 trillion maturity wall creating motivated sellers and creative capital, buyers have more choice—and leverage—than they’ve had in years. Below we expand upon…
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Relocating an office in 2026 is a complex, multi-stakeholder initiative, comprised of part logistics, part change management and part technology program. Office relocation encompasses moving a company’s physical workspace, including furniture, equipment, personnel and IT infrastructure, in addition to shifting to an entire new location while protecting continuity and cost. If you’re asking, “what’s the best option for relocating my…
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A precise commercial property assessment is not about determining what a building is “worth” to an investor—it’s about understanding what the property means to your business as a tenant. For occupiers, a strong assessment is a decision-grade tool that informs leasing strategy, renewal leverage, relocation comparisons, space planning and total occupancy cost. As a tenant- and user-only advisory firm, Hughes…
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Key Takeaways In representing healthcare groups and specialized practices in leasing and purchasing clinical space for decades, we have found that some medical practitioners reach a crossroads—is it time to stop paying rent to a landlord and own the facility where they provide care? As a tenant only advisory firm, when we evaluate a potential medical office purchase, we utilize…
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While industrial rents peaked between 2021 and 2023, industrial real estate now enters 2026 almost in free-fall. Industrial landlords and their brokers have been pulling the wool over commercial tenants’ eyes for too long, publishing asking rents that haven’t changed materially since 2023, or not posting rents at all with listing asking prices shown as “withheld” or “negotiable.” But things…
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The office market has normalized, and both tenants and landlords can now look ahead to see what the future holds. In most office markets, the majority of pre-2020 leases have expired, whereby tenants have been able to resize and reset their footprint to their new hybrid and remote specifications. While there are still some large longer-term leases set to expire…
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Commercial lease consolidation combines multiple office locations into fewer, strategically positioned spaces to reduce costs and improve operational efficiency. As companies expand through acquisitions, return-to-office policies or market shifts, they often accumulate redundant leases that drain resources without adding value. Consolidating these leases can cut real estate costs by 20-40% while enhancing collaboration, streamlining facilities management and positioning businesses for…
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Navigating commercial lease expansion requires more than just adding square footage. It demands strategic foresight, careful negotiation and tenant-focused advocacy. Whether you’re planning for headcount growth, new departments or operational changes, the right lease expansion strategies protect your business from costly relocations, unexpected rent spikes and limited flexibility. This guide outlines nine proven tactics that empower commercial tenants to secure…
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Build-to-suit commercial real estate offers businesses a strategic path to create customized workspaces tailored to their exact operational needs. As companies navigate evolving market conditions in 2026—from hybrid work models to elevated construction costs—understanding how to leverage build-to-suit developments affordably has become essential. This guide explores the fundamentals of build-to-suit projects, current financing realities, market opportunities and practical steps to…