The Demise of U.S. Office Space is the Worst in History

Hughes Marino | HM Blog
November 6, 2024

As early as the summer of 2020, Hughes Marino shouted from the rooftops that a commercial office correction was in the works that would be worse than any downturn since the early 1990s commercial real estate crash. Meanwhile, the full-service brokerage firms who represent landlords—and purport to represent tenants—were promoting a rush back to the office that would create the Roaring ‘20s of office leasing with “Covid discounts” that would be short lived, and companies needing MORE office space for social distancing of employees that would ultimately all return. While we knew that these predictions were laughable, they are rooted in brokerage firms’ core business of doing the landlords’ bidding, and doing everything to hold the line on the strong pre-Covid office markets in attempt to price-support building owners and investors on the way down. But the facts are now clear to all, and down it goes…

The Law Firm Paradox: Why the Most Desirable Business Tenants Often Get the Least Desirable Lease Terms

Hughes Marino | HM Blog
October 28, 2024

This may seem highly counterintuitive, at first. Per commercial real estate data analytics company, CoStar, law firms are the most attractive and desirable building tenants.