Author: Austin Lashley
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Spaces We Love: UMC’s Vibrant & Creative Office
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By Owen Rice UMC, Inc., is a 100-year-old mechanical contractor specializing in HVAC, plumbing, piping and building automation systems. They provide design, construction, energy consulting and facility performance services to optimize building efficiency and sustainability across commercial, industrial and institutional projects. As the company grew, they needed a newer, higher-performing office environment that better reflected…
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By Owen Rice & Riley Hillis We get asked this all the time: With more than one-third of all office space sitting vacant in most cities across the country, how are office buildings managing to stay afloat without going into default? It’s been more than five years since the onset of the Covid-19 pandemic, and […]
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As a firm that specializes in representing tenants and owner/users of commercial real estate, we spend every day protecting the interests of companies. That singular focus gives us a real edge, especially in moments like this when the market is shifting quickly.
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MCG Health provides unbiased clinical guidance that gives healthcare organizations confidence in their patient-centered care decisions. Through artificial intelligence and technology solutions, infused with objective clinical expertise, MCG enables its clients to prioritize and simplify their work. Their products help support appropriate levels of care for patients. By using MCG solutions, hospitals and insurance companies can ensure that patients receive…
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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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Commercial real estate trends are not absolute–and they’re not necessarily exactly the same in all markets or submarkets. However, general trends matter when predicting what the future holds, even when these trends seem to be changing weekly in response to vaccination levels and the easing of government restrictions. That being said, for several decades we have reported on the…
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Now that we are a full two quarters deep into the global recession caused by the COVID-19 virus, the effects of the pandemic are becoming crystal clear as to how it’s affecting the commercial real estate industry. Certainly, everyone understands that the retail, hospitality, travel and leisure and entertainment industry categories are completely distressed, to the extent that tens of…
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After nearly a twelve-year run of consistent rental growth and strong market fundamentals, the commercial real estate industry, including nearly all real estate product types, has suddenly found itself faced with extreme challenges. COVID-19 has proven to be a brutal shock to the world economy that will drive the commercial real estate office market to very uncomfortable new depths not…
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Seattle remains one of the tightest office markets in the country, driven in large part by the highly educated workforce and great number of technology companies with seemingly insatiable demands for talent. The construction cranes that have dominated the Seattle skyline over the past few years have delivered a tremendous amount of new supply yet most of it has been…
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Have you ever invested everything into a goal and then come up short? Coming just within reach of the thing you’ve been working towards for weeks, months or maybe even years, only to fall short by the narrowest of margins? For me, that margin was two one hundredths of a second, the equivalent of a fingernail length.
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Seattle closed out yet another quarter of positive rent growth and positive net absorption fueled by the continuous growth of technology tenants, a common theme over the past few years. In the first quarter of 2019, there were 117 transactions in downtown Seattle totaling approximately 700,000 square feet.