This document discusses how companies are facing challenges in finding and retaining top talent. Real estate can help by providing workspaces that foster collaboration and innovation. Locations that appeal to workers are important as employees demand certain elements in their work experience. Some markets like Austin and Seattle provide high innovation potential at below average costs, making them good options for companies seeking talent. Demographic shifts are also impacting the labor supply, intensifying the competition for workers.
- The document provides an overview of global real estate investment trends in 2015 and an outlook for 2016.
- Global property investment volumes fell slightly for the first time in 6 years in 2015, down 2.4% to $1.29 trillion, driven by a pullback in Asia, notably for development land. Excluding land, volumes rose 8.2%.
- Going forward, the focus will be on core assets that provide value to occupants. Investors will seek platforms for local intelligence and pursue opportunities such as modern flexible office, retail, and logistics space in gateway cities.
Real estate investment in emerging Asian markets grew 49.3% in the first half of 2013 compared to the same period in 2012. Investment was driven mainly by increased land deals in China's tier 2 and 3 cities to support continued urbanization. While sentiment has improved, volatility remains from tapering risks and deficits. State-linked companies account for more investment in emerging markets than institutional investors due to a lack of grade assets. Overall, real estate investment in emerging Asian markets continues to evolve with ongoing assessment of transparency, access and political risks against long-term economic potential.
Retail Lives
Economic fundamentals continue to strengthen in the
U.S., a trend that is expected to endure through
mid-2019. With continued wage growth acceleration
and consumer confidence near an 18-year high, the
retail marketplace has registered solid spending.
Inflation-adjusted consumer expenditures show a
steady 2.5-3% year-over-year (YOY) growth pattern
since the beginning of 2016. eCommerce sales
accounted for approximately 11.5% of retail sales
(excluding auto sales) in 2017. While we expect that
penetration rate to climb to 14.0% by 2019, physical
stores remain vital to retailer survival in this evolving
retail climate. Despite what the media would lead you
to believe, the overall retail industry is still posting
gains even while it faces secular challenges.
This document provides a global office market forecast for 2014-2015 from Cushman & Wakefield. It summarizes office market conditions, trends, and forecasts across major global regions. In the Americas, the US recovery is gaining strength driven by technology and energy, while Canada faces oversupply. Latin America is mixed with Santiago outperforming. In Asia Pacific, growth will slow but modern supply outpaces demand. European markets show signs of stabilization with divergence between prime and secondary space. Workplace transformation is a key global trend driven by cost, talent, and organizational needs.
U.S. MarketBeats provide an overview of quarterly CRE activity and trends, a snapshot of current economic and capital market conditions as well as market-level statistics on key metrics.
The U.S. economy in 2016 was characterized by steady growth in the face of uncertainty. The year began with steep declines in global equity markets in response to concerns about a slowdown in China, the Europe replaced Asia as the focal point of global anxiety after the Brexit vote. In the fourth quarter, the U.S. unexpectedly elected Donald Trump as President. Despite uncertainty, the economy continued to add an average of 180,000 jobs per month during 2016.
C&W Marketbeat - Canadian Industrial Report- Q2-2014 Guy Masse
This document provides a summary of industrial real estate market conditions across Canada in the second quarter of 2014. Key points include:
- The Alberta economy continued to outpace other regions, driven by growth in the oil and gas industry. This fueled record industrial real estate absorption in Calgary.
- Central Canadian markets struggled due to slow economic growth, though momentum was starting to improve in the second quarter.
- Strengthening US economic conditions are expected to increase demand for Canadian goods and services, benefiting industrial markets going forward.
- The document provides an overview of global real estate investment trends in 2015 and an outlook for 2016.
- Global property investment volumes fell slightly for the first time in 6 years in 2015, down 2.4% to $1.29 trillion, driven by a pullback in Asia, notably for development land. Excluding land, volumes rose 8.2%.
- Going forward, the focus will be on core assets that provide value to occupants. Investors will seek platforms for local intelligence and pursue opportunities such as modern flexible office, retail, and logistics space in gateway cities.
Real estate investment in emerging Asian markets grew 49.3% in the first half of 2013 compared to the same period in 2012. Investment was driven mainly by increased land deals in China's tier 2 and 3 cities to support continued urbanization. While sentiment has improved, volatility remains from tapering risks and deficits. State-linked companies account for more investment in emerging markets than institutional investors due to a lack of grade assets. Overall, real estate investment in emerging Asian markets continues to evolve with ongoing assessment of transparency, access and political risks against long-term economic potential.
Retail Lives
Economic fundamentals continue to strengthen in the
U.S., a trend that is expected to endure through
mid-2019. With continued wage growth acceleration
and consumer confidence near an 18-year high, the
retail marketplace has registered solid spending.
Inflation-adjusted consumer expenditures show a
steady 2.5-3% year-over-year (YOY) growth pattern
since the beginning of 2016. eCommerce sales
accounted for approximately 11.5% of retail sales
(excluding auto sales) in 2017. While we expect that
penetration rate to climb to 14.0% by 2019, physical
stores remain vital to retailer survival in this evolving
retail climate. Despite what the media would lead you
to believe, the overall retail industry is still posting
gains even while it faces secular challenges.
This document provides a global office market forecast for 2014-2015 from Cushman & Wakefield. It summarizes office market conditions, trends, and forecasts across major global regions. In the Americas, the US recovery is gaining strength driven by technology and energy, while Canada faces oversupply. Latin America is mixed with Santiago outperforming. In Asia Pacific, growth will slow but modern supply outpaces demand. European markets show signs of stabilization with divergence between prime and secondary space. Workplace transformation is a key global trend driven by cost, talent, and organizational needs.
U.S. MarketBeats provide an overview of quarterly CRE activity and trends, a snapshot of current economic and capital market conditions as well as market-level statistics on key metrics.
The U.S. economy in 2016 was characterized by steady growth in the face of uncertainty. The year began with steep declines in global equity markets in response to concerns about a slowdown in China, the Europe replaced Asia as the focal point of global anxiety after the Brexit vote. In the fourth quarter, the U.S. unexpectedly elected Donald Trump as President. Despite uncertainty, the economy continued to add an average of 180,000 jobs per month during 2016.
C&W Marketbeat - Canadian Industrial Report- Q2-2014 Guy Masse
This document provides a summary of industrial real estate market conditions across Canada in the second quarter of 2014. Key points include:
- The Alberta economy continued to outpace other regions, driven by growth in the oil and gas industry. This fueled record industrial real estate absorption in Calgary.
- Central Canadian markets struggled due to slow economic growth, though momentum was starting to improve in the second quarter.
- Strengthening US economic conditions are expected to increase demand for Canadian goods and services, benefiting industrial markets going forward.
The U.S. industrial market experienced strong net absorption in Q3 2018, with overall vacancy remaining at historic lows despite increased construction. Demand was broad-based across regions and product types, with the South and West leading in absorption. Rents continued rising above 5% annually in over half of markets as demand outstripped supply in a tight market. The development pipeline expanded but speculative construction remains concentrated in top markets, indicating limited overbuilding risk through 2019.
-U.S. Office Market Was Driven by the Tech
Sector in the Fourth Quarter of 2018
-Absorption exceeds construction completions, vacancy
declines and the pipeline grows
-Tech markets tighten
-Rents rise, but the pace slows:
Trump100 days- Implications for the Property Markets Guy Masse
PRESIDENT TRUMP'S ADMINISTRATION & ITS IMPLICATIONS FOR THE PROPERTY MARKETS
Measuring the success of a new Administration by its first 100 days is a tradition, and President Trump reaches his first key milestone with campaign promises to overhaul Washington and jump-start the economy. This special report provides a perspective on:
How key economic indicators (inflation, job growth) and commercial real estate are performing so far
The status of key policy proposals, including trade and defense
What to watch for beyond the first 100 days
This report summarizes Q1 2015 trends in the US national office sector real estate market. It finds that the overall national availability rate rose slightly to 17.0% as new construction increased supply in many markets like Houston and Dallas. Asking rental rates continued to increase nationally and in major cities like New York City and San Francisco driven by new construction and tight supply. The report also discusses how companies are increasingly expanding to lower cost Sunbelt markets in the South and West for access to talent at a lower cost while pursuing the American consumer population growth in these areas.
The National Multifamily Index ranks major U.S. markets based on projected vacancy rates, rent growth, and employment gains. San Francisco and San Jose rank at the top due to strong job growth, low vacancy, and high rents. Markets in the Pacific Northwest and Northeast also rank highly. Atlanta and Riverside-San Bernardino moved into the top 20 due to improving economies and property performance. Midwest markets rank in the lower third despite favorable demand drivers. Supply growth will challenge some markets like Houston and Tampa.
Capital Markets Insights: Credit Availability for the Middle Market Remains R...Duff & Phelps
Recent trimming in first lien debt appetite resulted in a higher proportion of second lien and junior debt in capital structures. The fuller covenant packages typical of the private market, combined with unabated growth in private investor capital formation, have served to differentiate middle market conditions from those of the broader liquid markets. While the weighted average cost of debt for middle market issuers has increased modestly, credit availability — both in terms of leverage multiples and cost — is robust.
The U.S. Tech sector’s new record high has brought back memories of the dot-com bubble. But unlike then,
today’s Tech sector is not propped up by fanciful talk. It’s led by companies that are truly transforming the
economy and our lives.
The overall outlook for 2017 Canadian M&A activity remains moderately positive, despite the decrease in the number of Canadian companies sold in 2016. Corporate balance sheets are flush with cash, with corporations actively looking for quality investments. Interest rates remain low, and oil prices are showing signs of improvement. Private Equity firms also have large cash holdings and often see Canadian firms as good "bolt-on" opportunities. Read the report for more detail on trends, public market performance and deal activity.
The retail market report summarizes 2015 trends in the Phoenix metro area. It notes that 65,700 jobs were added in 2015, home starts increased 70% year-over-year, and these economic gains are boosting consumer confidence. Retail vacancy rates declined to 9.3% while net absorption was 1.77 million square feet. Average rental rates increased to $14/sqft, up from $13.62/sqft in 2014. The report concludes that with continued job and housing growth, the retail sector is poised for growth in 2016.
The world’s dominant commercial real estate markets have moved into 2014 in better shape than at any time since the Global Financial Crisis of 2008-2009.
Capital markets are exhibiting remarkable strength and the disconnect, that has emerged over the past two years between a more cautious occupational market, is showing signs of narrowing.
The document provides an overview and analysis of capital markets activity in the summer of 2017. Some key points:
- Middle-market loan and debt issuance was robust, helped by strong M&A activity and refinancing. Leverage multiples increased.
- The Federal Reserve raised interest rates again but longer-term bond yields declined, reflecting moderating growth expectations.
- Corporate borrowing and profits remained strong despite political uncertainty. Near-term conditions remained favorable for middle-market issuers seeking financing.
Capital Markets Industry Insights - Fall 2016Duff & Phelps
Middle-market issuers were greeted by strong demand this quarter from mainstream credit sources as well as those seeking higher degrees of risk and return. Macroeconomic fundamentals continued to improve, though the focus remained on monetary policy. With an increasingly stark dichotomy of views at the Federal Reserve, volatility persisted in anticipation of clearer guidance on the pace and timing of rate hikes.
2015 2Q North American Office Market ReportCoy Davidson
The U.S. office market saw improvements in Q2 2015, with vacancy rates declining and absorption improving. However, the Canadian office market weakened, with rising vacancy rates driven by falling oil prices. Overall North American vacancy fell slightly to 12.7%, with U.S. vacancy down to 13.0% and Canadian vacancy up to 9.1%. Absorption was positive in the U.S. at 23.1 million square feet but negative in Canada at -0.5 million square feet. The outlook remains positive for the U.S. office market but negative for Canada due to economic challenges from low oil prices.
The document provides an overview and outlook of the 2018 used car market from Cox Automotive. It finds that positive economic indicators in 2017 such as rising stock prices, home values, and consumer confidence bode well for continued strong vehicle sales in 2018, especially used vehicles. However, risks include rising interest rates from Federal Reserve rate hikes and a potential increase in inflation. Cox Automotive forecasts used car sales will rise slightly to 39.5 million units in 2018 while new car sales will dip slightly to 16.7 million. The report provides insights into key factors that will influence the used car market in 2018 such as the economy, jobs, consumer spending, auto loans rates and the Federal Reserve.
Restaurant Monthly Update - January 2017Duff & Phelps
December marked the ninth month out of the past ten with declining sales for the restaurant industry. Both same-store sales and traffic growth deteriorated from November’s results, officially marking 2016 as the worst year of industry performance since 2009. Despite challenges in the sector, private equity investors with significant dry powder and strong, relatively inexpensive credit, will likely continue to fuel investment in innovative and rapidly expanding restaurant concepts.
This newsletter introduces a new publication called "EYE ON THE MARKETS" that will analyze macroeconomic trends, investment management, and equity market movements. The author argues that macro events have an overwhelming influence on stock markets, and periods of calm have been interrupted by market sell-offs due to crises in Europe, the US, and Asia. Investors need to carefully manage their portfolios and prepare contingency plans for different scenarios. Some positive factors are signs of recovery in corporate earnings, manufacturing, and technology, though continued global uncertainties remain.
Commercial Real Estate Outlook - November 2010NAR Research
The document summarizes commercial real estate market conditions in the third quarter of 2010. It finds that while GDP growth was moderate, unemployment remained high, contributing to uncertainty. Commercial real estate fundamentals are expected to modestly improve in 2011, with rents continuing to decline and vacancies remaining elevated. Multifamily performance has been more resilient and is expected to lead the recovery in 2011.
The document summarizes an international ad forecast report for 2015/16. It finds that global ad spending is estimated to have increased 2.2% in 2015 in PPP terms and is forecast to rise 4.4% in 2016. Digital advertising, especially internet advertising, is growing rapidly and taking share from traditional media like newspapers and magazines. Economic uncertainties in some countries may impact future ad spending growth.
U.S. MarketBeats provide an overview of quarterly CRE activity and trends, a snapshot of current economic and capital market conditions as well as market-level statistics on key metrics.
The U.S. economy in 2016 was characterized by steady growth in the face of uncertainty. The year began with steep declines in global equity markets in response to concerns about a slowdown in China, the Europe replaced Asia as the focal point of global anxiety after the Brexit vote. In the fourth quarter, the U.S. unexpectedly elected Donald Trump as President. Despite uncertainty, the economy continued to add an average of 180,000 jobs per month during 2016.
Karen Hanover - Commercial Real Estate - IRRKaren Wagner
Karen Hanover presents commercial real estate market analysis for 2017 by Integra Realty Resources. For more real estate investing tips and tricks, go to http://karenhanover.biz
How important are small businesses to upstate nyLiberteks
The document discusses economic development efforts in Upstate New York that have failed to stop population decline and job losses since the 1970s. It argues that funding has focused too narrowly on universities rather than small businesses, which are major job creators. The summary recommends a two-pronged funding approach that supports both universities and small, community-based businesses through mentoring and access to resources. This would help entrepreneurs launch new manufacturing businesses to take advantage of opportunities from rising costs and unrest in China.
This document discusses the changing face of business. It begins by defining business and describing the key factors of production. It then outlines the private enterprise system and identifies six eras in the history of business. The document notes how today's workforce is changing in terms of skills needed, diversity, and flexibility. It identifies critical thinking, creativity, and ability to lead change as important skills for 21st century managers. Finally, it discusses what makes a company admired based on profits, growth, work environment, ethics and social responsibility.
The U.S. industrial market experienced strong net absorption in Q3 2018, with overall vacancy remaining at historic lows despite increased construction. Demand was broad-based across regions and product types, with the South and West leading in absorption. Rents continued rising above 5% annually in over half of markets as demand outstripped supply in a tight market. The development pipeline expanded but speculative construction remains concentrated in top markets, indicating limited overbuilding risk through 2019.
-U.S. Office Market Was Driven by the Tech
Sector in the Fourth Quarter of 2018
-Absorption exceeds construction completions, vacancy
declines and the pipeline grows
-Tech markets tighten
-Rents rise, but the pace slows:
Trump100 days- Implications for the Property Markets Guy Masse
PRESIDENT TRUMP'S ADMINISTRATION & ITS IMPLICATIONS FOR THE PROPERTY MARKETS
Measuring the success of a new Administration by its first 100 days is a tradition, and President Trump reaches his first key milestone with campaign promises to overhaul Washington and jump-start the economy. This special report provides a perspective on:
How key economic indicators (inflation, job growth) and commercial real estate are performing so far
The status of key policy proposals, including trade and defense
What to watch for beyond the first 100 days
This report summarizes Q1 2015 trends in the US national office sector real estate market. It finds that the overall national availability rate rose slightly to 17.0% as new construction increased supply in many markets like Houston and Dallas. Asking rental rates continued to increase nationally and in major cities like New York City and San Francisco driven by new construction and tight supply. The report also discusses how companies are increasingly expanding to lower cost Sunbelt markets in the South and West for access to talent at a lower cost while pursuing the American consumer population growth in these areas.
The National Multifamily Index ranks major U.S. markets based on projected vacancy rates, rent growth, and employment gains. San Francisco and San Jose rank at the top due to strong job growth, low vacancy, and high rents. Markets in the Pacific Northwest and Northeast also rank highly. Atlanta and Riverside-San Bernardino moved into the top 20 due to improving economies and property performance. Midwest markets rank in the lower third despite favorable demand drivers. Supply growth will challenge some markets like Houston and Tampa.
Capital Markets Insights: Credit Availability for the Middle Market Remains R...Duff & Phelps
Recent trimming in first lien debt appetite resulted in a higher proportion of second lien and junior debt in capital structures. The fuller covenant packages typical of the private market, combined with unabated growth in private investor capital formation, have served to differentiate middle market conditions from those of the broader liquid markets. While the weighted average cost of debt for middle market issuers has increased modestly, credit availability — both in terms of leverage multiples and cost — is robust.
The U.S. Tech sector’s new record high has brought back memories of the dot-com bubble. But unlike then,
today’s Tech sector is not propped up by fanciful talk. It’s led by companies that are truly transforming the
economy and our lives.
The overall outlook for 2017 Canadian M&A activity remains moderately positive, despite the decrease in the number of Canadian companies sold in 2016. Corporate balance sheets are flush with cash, with corporations actively looking for quality investments. Interest rates remain low, and oil prices are showing signs of improvement. Private Equity firms also have large cash holdings and often see Canadian firms as good "bolt-on" opportunities. Read the report for more detail on trends, public market performance and deal activity.
The retail market report summarizes 2015 trends in the Phoenix metro area. It notes that 65,700 jobs were added in 2015, home starts increased 70% year-over-year, and these economic gains are boosting consumer confidence. Retail vacancy rates declined to 9.3% while net absorption was 1.77 million square feet. Average rental rates increased to $14/sqft, up from $13.62/sqft in 2014. The report concludes that with continued job and housing growth, the retail sector is poised for growth in 2016.
The world’s dominant commercial real estate markets have moved into 2014 in better shape than at any time since the Global Financial Crisis of 2008-2009.
Capital markets are exhibiting remarkable strength and the disconnect, that has emerged over the past two years between a more cautious occupational market, is showing signs of narrowing.
The document provides an overview and analysis of capital markets activity in the summer of 2017. Some key points:
- Middle-market loan and debt issuance was robust, helped by strong M&A activity and refinancing. Leverage multiples increased.
- The Federal Reserve raised interest rates again but longer-term bond yields declined, reflecting moderating growth expectations.
- Corporate borrowing and profits remained strong despite political uncertainty. Near-term conditions remained favorable for middle-market issuers seeking financing.
Capital Markets Industry Insights - Fall 2016Duff & Phelps
Middle-market issuers were greeted by strong demand this quarter from mainstream credit sources as well as those seeking higher degrees of risk and return. Macroeconomic fundamentals continued to improve, though the focus remained on monetary policy. With an increasingly stark dichotomy of views at the Federal Reserve, volatility persisted in anticipation of clearer guidance on the pace and timing of rate hikes.
2015 2Q North American Office Market ReportCoy Davidson
The U.S. office market saw improvements in Q2 2015, with vacancy rates declining and absorption improving. However, the Canadian office market weakened, with rising vacancy rates driven by falling oil prices. Overall North American vacancy fell slightly to 12.7%, with U.S. vacancy down to 13.0% and Canadian vacancy up to 9.1%. Absorption was positive in the U.S. at 23.1 million square feet but negative in Canada at -0.5 million square feet. The outlook remains positive for the U.S. office market but negative for Canada due to economic challenges from low oil prices.
The document provides an overview and outlook of the 2018 used car market from Cox Automotive. It finds that positive economic indicators in 2017 such as rising stock prices, home values, and consumer confidence bode well for continued strong vehicle sales in 2018, especially used vehicles. However, risks include rising interest rates from Federal Reserve rate hikes and a potential increase in inflation. Cox Automotive forecasts used car sales will rise slightly to 39.5 million units in 2018 while new car sales will dip slightly to 16.7 million. The report provides insights into key factors that will influence the used car market in 2018 such as the economy, jobs, consumer spending, auto loans rates and the Federal Reserve.
Restaurant Monthly Update - January 2017Duff & Phelps
December marked the ninth month out of the past ten with declining sales for the restaurant industry. Both same-store sales and traffic growth deteriorated from November’s results, officially marking 2016 as the worst year of industry performance since 2009. Despite challenges in the sector, private equity investors with significant dry powder and strong, relatively inexpensive credit, will likely continue to fuel investment in innovative and rapidly expanding restaurant concepts.
This newsletter introduces a new publication called "EYE ON THE MARKETS" that will analyze macroeconomic trends, investment management, and equity market movements. The author argues that macro events have an overwhelming influence on stock markets, and periods of calm have been interrupted by market sell-offs due to crises in Europe, the US, and Asia. Investors need to carefully manage their portfolios and prepare contingency plans for different scenarios. Some positive factors are signs of recovery in corporate earnings, manufacturing, and technology, though continued global uncertainties remain.
Commercial Real Estate Outlook - November 2010NAR Research
The document summarizes commercial real estate market conditions in the third quarter of 2010. It finds that while GDP growth was moderate, unemployment remained high, contributing to uncertainty. Commercial real estate fundamentals are expected to modestly improve in 2011, with rents continuing to decline and vacancies remaining elevated. Multifamily performance has been more resilient and is expected to lead the recovery in 2011.
The document summarizes an international ad forecast report for 2015/16. It finds that global ad spending is estimated to have increased 2.2% in 2015 in PPP terms and is forecast to rise 4.4% in 2016. Digital advertising, especially internet advertising, is growing rapidly and taking share from traditional media like newspapers and magazines. Economic uncertainties in some countries may impact future ad spending growth.
U.S. MarketBeats provide an overview of quarterly CRE activity and trends, a snapshot of current economic and capital market conditions as well as market-level statistics on key metrics.
The U.S. economy in 2016 was characterized by steady growth in the face of uncertainty. The year began with steep declines in global equity markets in response to concerns about a slowdown in China, the Europe replaced Asia as the focal point of global anxiety after the Brexit vote. In the fourth quarter, the U.S. unexpectedly elected Donald Trump as President. Despite uncertainty, the economy continued to add an average of 180,000 jobs per month during 2016.
Karen Hanover - Commercial Real Estate - IRRKaren Wagner
Karen Hanover presents commercial real estate market analysis for 2017 by Integra Realty Resources. For more real estate investing tips and tricks, go to http://karenhanover.biz
How important are small businesses to upstate nyLiberteks
The document discusses economic development efforts in Upstate New York that have failed to stop population decline and job losses since the 1970s. It argues that funding has focused too narrowly on universities rather than small businesses, which are major job creators. The summary recommends a two-pronged funding approach that supports both universities and small, community-based businesses through mentoring and access to resources. This would help entrepreneurs launch new manufacturing businesses to take advantage of opportunities from rising costs and unrest in China.
This document discusses the changing face of business. It begins by defining business and describing the key factors of production. It then outlines the private enterprise system and identifies six eras in the history of business. The document notes how today's workforce is changing in terms of skills needed, diversity, and flexibility. It identifies critical thinking, creativity, and ability to lead change as important skills for 21st century managers. Finally, it discusses what makes a company admired based on profits, growth, work environment, ethics and social responsibility.
This document discusses a career pathway model for workforce development with a focus on manufacturing. It presents a cyclic pathway that begins with generating interest in careers, develops skills through education programs, and leads to job placement and growth. Three key parts of the pathway are discussed: generating interest through branding and early intervention programs to change misperceptions of manufacturing; developing skills through academic and hands-on training programs; and supporting job placement and growth through private sector engagement, economic development policies, and ensuring ongoing job availability. CEOs for Cities is positioned to help cities implement this pathway model through initiatives like City Dividends, Brain Trust Summits, and a Workforce Development Indicators Dashboard.
Hiring Trends and Jobs of the Future: A Recruiter's PerspectiveLynn Hazan
1) The document discusses trends in hiring and future jobs from the perspective of a recruiter, including recession-proof industries, anticipated economic trends in 2009-2010, and skills needed for the 21st century.
2) Key topics that are expected to see growth include healthcare, technology, the environment/green jobs, and emerging markets.
3) Adaptability and acquiring new skills will be important for workers to transition through economic changes.
The document discusses issues related to job creation in Missouri in 2020. It notes that the workforce will be younger and more diverse as baby boomers retire. The type of jobs available will depend on whether manufacturers are wealth creators or constrained, affecting the skills needed. Opportunities for growth include surviving the recession, competing globally through innovation, and adding value through manufacturing. Challenges include survival and creating a balanced regulatory environment. The government's role should be to help businesses succeed through short-term financial assistance and workforce training to retain existing jobs and encourage future growth. Public-private partnerships and learning from other states' models of immediate incentives could maximize job creation.
The document discusses the economic outlook for 2024 and beyond, arguing that pursuing productivity gains through upskilling workers, optimizing capital investments, and operating with excellence can lead to either economic stagnation or a new era of abundance. It notes uncertainties around inflation, interest rates, and demographic shifts that may constrain growth. However, it asserts that accelerating productivity across companies similar to the 1990s US can boost overall economic performance and standards of living if business leaders actively pursue the "three-sided productivity opportunity" of changing how their organizations operate, investing in technology and innovation, and offsetting higher costs. The document aims to convince readers that prioritizing productivity is the best path forward for both business success and economic prosperity in 2024
Humans Wanted - How Canadian youth can thrive in the age of disruptionAdrian Boucek
This document discusses how Canadian youth are entering the workforce during a time of significant economic, social, and technological change. It presents research findings on the skills that will be in highest demand over the next decade and how jobs can be grouped into six clusters based on their core skill requirements. The clusters range from occupations like Solvers that emphasize critical thinking to Doers that focus on basic skills. The document profiles two young Canadians who have successfully pivoted careers multiple times by upgrading their skills and adapting to changing job requirements and technologies.
Deloitte: The Skills Gap In U. S. Manufacturing 2015 and beyondCharlie Sutton
Over the next decade, nearly 3.5 million manufacturing jobs will need to be filled in the US. However, the skills gap is expected to result in 2 million of these jobs going unfilled. The skills gap is widening due to factors like baby boomer retirements, a lack of STEM skills among workers, and declining technical education programs. This will significantly impact manufacturers' ability to meet customer demand and implement new technologies. While manufacturers are willing to pay more to fill jobs, positions often remain vacant for 70-94 days on average due to the shortage of qualified candidates. To address this, manufacturers must boost training programs and partner with schools and governments to develop talent pipelines.
Over the next decade, nearly 3.5 million manufacturing jobs will need to be filled in the US. However, the skills gap is expected to leave 2 million of these jobs unfilled. The skills gap is widening due to factors like retiring baby boomers and economic expansion creating new jobs. Additionally, negative perceptions of manufacturing careers and a lack of technical skills are exacerbating the shortage of qualified workers. To address this challenge, manufacturers will need to improve training programs for current employees and collaborate with educational institutions to strengthen the talent pipeline for years to come.
The document outlines a strategy by the U.S. Chamber of Commerce to create 20 million new American jobs over the next 10 years through promoting free enterprise. It proposes six policy strategies: doubling U.S. exports in five years; rebuilding America's infrastructure; investing in energy and new technologies; promoting healthy credit markets; reducing uncertainty around tax, health, environmental, and other policies; and educating and training American workers. The Chamber will advocate for these strategies and highlight state-specific job needs and growth opportunities through its "20 Million Job Challenge" campaign.
The document outlines a strategy by the U.S. Chamber of Commerce to create 20 million new American jobs over the next 10 years through promoting free enterprise. It proposes six policy strategies: doubling U.S. exports in five years; rebuilding America's infrastructure; investing in energy and new technologies; promoting healthy credit markets; reducing tax, health care, and regulatory uncertainty; and educating and training American workers. The Chamber will advocate for these policies and highlight state-specific job needs and growth opportunities.
1) Several articles discuss challenges in preparing young people for modern manufacturing jobs and the need to engage students in STEM learning to address America's skills crisis.
2) Other articles argue that infrastructure investment can create jobs and economic opportunity, and call on politicians to pass a long-term transportation bill to rebuild crumbling infrastructure.
3) Additional articles explore ways to attract more people, especially women and veterans, to manufacturing careers through skills training programs and partnerships between industry and educators.
The Talent Gap Crisis - Is Manufacturing Sexy Enough for the Next Generations? CBIZ, Inc.
Manufacturing employment accounts for 12.8 million jobs in the U.S. Yet, currently about 452,000 manufacturing positions remain vacant across the nation – a staggering statistic. Manufacturers saw this coming more than two decades ago as the retirement of the baby boomer generation began to impact the industry. Compounding the loss of experienced workers, the introduction of new manufacturing technologies, the industry’s persistent image problem and the cultural shift in the demand for work-life balance have catapulted the talent shortage to the industry’s top challenge.
Self-employed, "1099" workers represent the new face of America's economy. Here, Core Innovation Capital examines this fundamental shift in the nature of work, the ramifications that 1099 status has on Americans' financial lives, and the technology companies that are rising to address novel financial pain points.
This document discusses mapping the future of the exhibit agency business in 2020. It identifies factors like speed, complexity, and risk that will define the future. Ten business trends are outlined, including technology and business model fusion, customer data integration, understanding key trends, and new leadership. The document suggests the exhibit agency of the future will need to invent its future, find its niche, synchronize to customer segments, and be prepared to adapt continuously.
ACEC-Shift Your Paradigm Webinar - 21-MAY-2015m-rev1Gregory Beckstrom
This document provides guidance on winning private sector opportunities in architecture, engineering, and construction (A/E/C) markets. It discusses understanding market trends, determining a firm's match to private client needs, and providing a toolbox to win work efficiently and effectively. Private sector construction spending exceeds $700 billion annually in the U.S. The webinar will help participants apply a portfolio approach to prioritizing opportunities and implement "campaign to contract" capture planning to logically and efficiently win private work.
Estudo feito pela Oxford Economics
Talento Global de 2021 Como a nova geografia do talento vai transformar estratégias de recursos humanos
mudanças na oferta de talentos irá ocorrer durante a próxima década. Para completar os resultados
de nossa pesquisa quantitativa, foi realizada uma série de entrevistas em profundidade com HR
executivos de todo o mundo e chamou a experiência de nosso comitê de direção de RH.
Nossa pesquisa revela não só paisagem de amanhã para o talento global será
dramaticamente diferente do que a de hoje, mas que alguns países e Industries
precisam de se adaptar mais rapidamente para acomodar essas mudanças rápidas.
The Tennessee Business Retention and Expansion Course is a one and a half day course which focuses on how to develop, implement and evaluate an effective retention and expansion program. Presentation from Laith Wardi, CEcD, President of ExecutivePulse,Inc.
Pivotal Research Group LLC: Madison and wall 3 30-12Brian Crotty
Madison & Wall
A Recurring Review of Topics Affecting Advertising-Supported Media
March 30, 2012
Welcome to Pivotal Research’s “Madison & Wall”. The title refers to our work which
sits at the intersection between the advertising industry and the financial world. We
hope you’ll find these brief notes useful for their contrast to the hyperbole that
pervades much of the chatter at that location.
Similar to 2014 business briefing_humancapital_final (20)
North America Industrial Construction Cost Guide 2023Guy Masse
The industrial construction sector in North America has seen historically high levels of activity and costs in recent years due to robust demand. While supply chain issues and inflation have driven up costs, some commodities prices are starting to moderate. However, construction contractors still largely expect costs to continue increasing in the near term due to labor constraints, high material and transportation costs, and a large backlog of projects. With record levels of construction underway and vacancy rates near all-time lows, the industrial sector faces ongoing challenges in completing projects on time and on budget.
March 2022 Labour Market Survey Highlights
• Employment rose by 73,000 in March, driven by an increase in full-time work.
• Employment rose in both the services-producing and the goods-producing sectors.
• Total hours worked rose 1.3% in March.
• The unemployment rate fell 20 basis points to 5.3% in March, the lowest rate on record since comparable data became available in 1976.
• The proportion of workers who report that they usually work exclusively from home continued to decline, down 180 basis points to 20.7%.
Cushman & Wakefield Toronto Americas Marketbeat Office Q1 2019 Guy Masse
Outlook
Given low availability, robust demand, and little relief from new
supply, the office story in Downtown Toronto is expected to remain
one of historically tight conditions and rising rental rates. On the
suburban front, availability is expected to trend upward in GTA
West as over 800,000 square feet (sf) hits the market in the second
half of 2019. GTA East will continue to see a moderate performance
with less than 200,000 sf of space tracked to become available this
year.
This document summarizes real estate market conditions in Montreal, Quebec in the first quarter of 2019. It finds that the unemployment rate remained unchanged at 5.9% and vacancy rates declined to 10.9% as positive absorption of 795,000 square feet continued across major markets. Rental rates increased slightly by 2% annually as large blocks of available space disappeared and demand increased in a tightening market. The outlook is for the positive momentum to continue through 2019, with further tightening of vacancy rates and small increases in average rental rates.
- Office availability rates decreased across central and suburban markets over the past year and quarter, with Vancouver CBD availability reaching an all-time low of 1.4%.
- Suburban markets saw strong absorption of nearly 800,000 square feet in the first quarter, driven by growth in Montreal, Vancouver, and Waterloo.
- Overall new supply additions were modest at 2.5 million square feet for the quarter, with most new space added to suburban markets.
- Total absorption of office space was over 1.2 million square feet for the quarter, led by continued momentum in suburban market growth.
Cushman & Wakefield's Canadian Office Statistical Summary Q4 2018Guy Masse
Q4 2018
Canadian Office Statistical Summary
Driven by buoyant demand from technology companies, extremely tight CBD markets in both Vancouver and Toronto got even tighter over the final quarter of the year, helping drive the National CBD vacancy rate to 8.7% - its lowest point since Q3 2015!
KEY HIGHLIGHTS
• Canadian CBD Class A markets saw absorption of 3.6 msf in 2018, with a fourth quarter contribution of 1.5 msf. This is the strongest premium space growth since 2011.
• The arrival and partial occupancy of Stantec Tower helped drive Q4 2018 absorption in Edmonton’s downtown market to above 800,000 sf, with a final year-end 2018 tally of 1.2 msf.
• Although Calgary continues to see modest momentum in its CBD market, Suburban markets had a strong year with absorption reaching 337,000 sf. This drove vacancy to 16.9% from 19.4% one-year-ago.
• Vacancy in Downtown Toronto reached an incredibly tight 1.9% in Q4, a vacancy rate not seen in over 35 years. Conditions are expected to remain extremely tight until late 2020 when the first in a 10.7 msf wave of new developments will begin to hit the downtown market.
• Downtown Vancouver, another hot market driven by technology growth, saw its vacancy decline to 2.3% in Q4; its lowest point since Q2 2008. Like Toronto, little relief for tenants is not anticipated until the next wave of downtown new supply begins to arrive in late 2020.
C&W REAL ESTATE MARKET REPORTS : WORKPLACE 2025 #CREGuy Masse
Visualizing the workplace in 2025 starts with the realization that planning for that reality starts today. People today can work from anywhere, at any time so offices now must compete with other workplace options. When workers do go into the office they want a work environment to complement their work-life experience – and in a place where they feel valued, connected and supported. It’s all about people – and it’s closer than you think.
Cushman & Wakefield Q12018 Canadian Office Statistical SummaryGuy Masse
Q1 2018 Canadian Office Statistical Summary
Turning Up the Heat
The summer arrived about nine years ago for many Canadian office markets, marking one of the longest growth cycles on record. With CBD availability rates plunging as low as 2.5% in Toronto and 4.3% in Vancouver, the heat has intensified. Meanwhile, oil-producing markets are seeing the first signs of recovery.
KEY HIGHLIGHTS:
• After enduring a grinding bust cycle, top oil-producing markets -- Calgary, Edmonton, and St. John’s -- reached high-water CBD availability marks of 23.7%, 14.1%, and 26.7%, respectively. CBD Edmonton will see the Stantec Tower arrive in Q3 2018, pushing availability towards 20%.
• With oil prices gaining some buoyancy in recent months and CBD Calgary expected to hit peak availability by early 2019, expectations are growing that absorption will begin shifting to the positive side over the next few quarters.
• Remarkably, CBD Toronto saw the strongest absorption of the quarter, reaching close to 300,000 square feet (sf). Both Toronto and Vancouver downtown markets will remain notoriously tight until at least 2021.
• Of the major markets, Vancouver did it again, posting the strongest suburban expansionary momentum in the country, totaling about 300,000 sf. The runner up, surprisingly, was Calgary, where suburban absorption hit 115,000 sf over the quarter. Green shoots!
U.S. MarketBeats provide an overview of quarterly CRE activity and trends, a snapshot of current economic and capital market conditions as well as market-level statistics on key metrics.
The U.S. economy in 2016 was characterized by steady growth in the face of uncertainty. The year began with steep declines in global equity markets in response to concerns about a slowdown in China, the Europe replaced Asia as the focal point of global anxiety after the Brexit vote. In the fourth quarter, the U.S. unexpectedly elected Donald Trump as President. Despite uncertainty, the economy continued to add an average of 180,000 jobs per month during 2016.
U.S. MarketBeats provide an overview of quarterly CRE activity and trends, a snapshot of current economic and capital market conditions as well as market-level statistics on key metrics.
The U.S. economy in 2016 was characterized by steady growth in the face of uncertainty. The year began with steep declines in global equity markets in response to concerns about a slowdown in China, the Europe replaced Asia as the focal point of global anxiety after the Brexit vote. In the fourth quarter, the U.S. unexpectedly elected Donald Trump as President. Despite uncertainty, the economy continued to add an average of 180,000 jobs per month during 2016.
Welcome to the Cushman & Wakefield Atlas Outlook 2016,
an update on the International Investment Atlas that reviews
how the market performed last year and, more particularly,
what we should anticipate for the year ahead.
We have examined a series of questions when approaching this publication: what are the key forces
driving and transforming the global market? Who will be the winners in this volatile environment?
How should a subsequent investment strategy be most advantageously aligned?
Of course, in a highly uncertain but fast changing world, the need for insightful research is
increased – but the task of delivering a robust and well-considered view is made more difficult. By
bringing together expert opinion from across our capital markets, occupier and research teams
around the world, we have sought to answer this challenge and hope you agree we have delivered a
concise but thoughtful review of the state of the market and the outlook for the year ahead.
Naturally, any research can only be enhanced by further industry insight. To help us continuously
improve our Atlas Outlook, we would value your thoughts, comments or suggestions. Feel free to
share these via our Cushman & Wakefield social media
channels or by contacting our capital markets or research teams directly.
WINNING IN GROWTH CITIES /ACushman & Wakefield Capital Markets Research Publi...Guy Masse
This report has been prepared by the Research and
Capital Markets teams at Cushman & Wakefield to
identify the winning cities in today’s international real
estate investment market. The executive summary
looks at the largest and fastest growing cities in
investment terms and the differences in pricing,
as well as demand and activity between sectors.
The document provides an overview and forecasts for office markets globally from 2014-2015. Key points include:
- Efficiency and quality workspace are driving trends as companies seek to reduce costs and increase productivity. Vacancy rates may rise short-term as new supply comes online.
- Rents are expected to rise modestly in most major markets. Demand will be strong in tech and energy sectors, supporting certain US and Asian markets, while Europe shows signs of stabilization.
- Workplace transformation is a growing priority to attract talent and encourage innovation, with factors varying by industry and region. Cost savings remain a key motivation but culture and collaboration are increasingly important.
Workplace Transformation Survey - A Global View of Workplace Change Guy Masse
The document is a summary of the results from a global workplace transformation survey conducted by Cushman & Wakefield and CoreNet Global. The key findings from the survey include:
1) Over 60% of organizations across regions are currently implementing or plan to implement workplace change programs within the next 12 months.
2) Respondents cited human resource factors like recruiting, productivity and work-life balance rather than cost factors as the main drivers of workplace change.
3) "Hoteling" or unassigned seating strategies are being adopted more rapidly in EMEA and APAC compared to North America.
4) Resistance from company management was viewed as the biggest barrier to workplace transformation.
5) Most respondents believed
An exclusive research study by Sunil Agarwal & Associates delves into the surging demand for 4 BHK homes during Quarter 1, 2023.
Indore, the vibrant heart of Madhya Pradesh, is witnessing an exciting transformation in its real estate landscape.
An exclusive research study by Sunil Agarwal & Associates delves into the surging demand for 4 BHK homes during Quarter 1, 2023. This unprecedented 70% increase compared to the same period in 2022 reflects a dynamic shift in preferences, shaping a new paradigm in the residential market and unleashing opportunities for homebuyers and investors alike.
Selling your home can be easy. Our team helps make it happen.Eric B. Slifkin, PA
Why hire one realtor when you can hire a team for the exact cost? Our team ensures better service, communication, and efficiency, which can make all the difference in finding your perfect home or securing the right buyer. See how we market homes for sellers.
When it comes to purchasing a house in Indore, you'll often find yourself facing a crucial decision: should you pay in cash or opt for financing?
In the realm of real estate, the age-old debate between paying for a house in cash or financing it through a mortgage is a topic that continues to intrigue prospective buyers.
As the festive season approaches, there are several compelling reasons why this is the best time to consider buying property in Indore.
Indore, often called the "Mini Mumbai" of India, has witnessed remarkable growth in recent years, making it an attractive destination for property investment.
With its booming economy, well-planned infrastructure, and cultural diversity, Indore has become a hub for real estate development. As the festive season approaches, there are several compelling reasons why this is the best time to consider buying property in Indore.
Find Your Dream Home at Urban Sereno: Premium 2-3 BHK Apartments in Bhubaneswargraphicparadice786
Step into a world of elegance and sophistication at Urban Sereno, where contemporary design meets premium living in the vibrant city of Bhubaneswar. Our 2 and 3 BHK apartments are meticulously crafted to offer unparalleled comfort and luxury, making Urban Sereno the perfect address for your dream home.
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Here we will discuss the real estate investment checklist that will help you make an informed decision when investing in Indore.
Real estate investment is a popular way to grow your wealth and secure your financial future. It involves buying, owning, and managing a property for the purpose of generating income or appreciation.
Homes in Cumbria Presentation to assist youAskXX.com
Comprehensive Description of Homes in Cumbria Presentation
The "Homes in Cumbria" presentation provides an in-depth look at the real estate market in Cumbria, covering a wide range of topics relevant to prospective buyers and sellers. The presentation aims to explore various types of properties, property values, popular areas, and amenities, as well as offer guidance on selling properties and address frequently asked questions.
Welcome to Property in Cumbria
The introduction sets the stage by highlighting Cumbria's natural beauty and diverse property market. It outlines the main topics to be covered: property types, values, areas, amenities, FAQs, and tips for selling properties.
Presentation Overview
This section provides an overview of the entire presentation, detailing what the audience can expect. It introduces the types of properties available, property values in different areas, answers to common questions, and tips on selling property in Cumbria.
Property Types
Cumbria offers a wide range of property types, each catering to different preferences and lifestyles. This section dives into the specifics of each type:
Houses: Ranging from traditional cottages to modern mansions, houses in Cumbria come in various architectural styles including Tudor, Gothic, Victorian, and Arts and Crafts.
Flats: Ideal for those seeking low-maintenance living, flats range from compact studio flats to luxurious apartments with high-end amenities.
Bungalows: Single-story living spaces that are particularly suited for easy access and mobility, available in styles such as California, Craftsman, and English bungalows.
Farms: Offering a unique country living experience, farms in Cumbria range from smallholdings to large estates, with types including dairy farms, sheep farms, and crop farms.
Houses
This section provides a detailed look at the different types of houses in Cumbria:
Traditional Cottages: Often dating back to the 18th and 19th centuries, these homes feature stone or brick exteriors and thatched or slate roofs.
Modern Mansions: These houses boast large windows, open floor plans, and amenities like swimming pools and home theaters.
Architectural Designs: A variety of architectural styles are highlighted, each with unique features and characteristics.
Flats
Flats are a popular choice for those looking for convenience and low-maintenance living. This section covers:
Studio Flats: Compact and designed for simple living, ideal for young professionals and single individuals.
One-Bedroom Flats: Suitable for couples and small families, offering more space than studio flats.
Luxury Flats: High-end living spaces with premium amenities such as swimming pools, gyms, and concierge services.
Bungalows
Bungalows are explored in detail, highlighting their appeal for those seeking single-story living. Types of bungalows discussed include California bungalows, Craftsman bungalows, and English bungalows, each with distinctive design elements.
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3. HUMAN CAPITAL
CUSHMAN & WAKEFIELD 3
EXECUTIVE SUMMARY
Maintaining a competitive advantage in today’s business environment requires the
continuous innovation of new products and services. Companies across all
industries are competing fiercely for new ideas and new ways to engage customers
and prospects.While there are a host of business challenges, from the slow growing
global economy, to an increased regulatory environment, to new geo-political risks,
perhaps the biggest challenge facing companies over the next decade is labor.
Finding the right talent to help the organization compete and innovate is, and will
continue to be, a significant issue in the coming decade.
Real estate has a role in assisting the corporate enterprise with recruiting and
retaining labor.Whether through workplace designs that help foster greater
collaboration and give birth to new ideas, amenities that enhance work/life balance,
or locations that appeal to a broad array of workers, real estate’s role with respect
to the recruitment of labor has changed. Employees are demanding that certain
elements be part of their experience and occupiers are responding with new and
innovative ways to use real estate as a recruitment tool. Real estate strategies
focused on recruiting and retaining talent are also contributing to significant
changes in real estate market fundamentals across the U.S., and these changes
could have profound implications for where and how people work for a generation.
4. 4
HUMAN CAPITAL TOPS THE
CORPORATE AGENDA
1. HUMAN CAPITAL
2. Customer Relationships
3. Innovation
4. Operational Excellence
5. Corporate Brand and Reputation
6. Global Political / Economic Risk
7. Government Regulation
8. Sustainability
9. Global Expansion
10. Trust in Business
Source:“CEO Challenge 2014”,The Conference Board
THE HUMAN CAPITAL CHALLENGE
Occupiers are seeking real estate solutions that offer them the best
chance to capture the talent they need to remain relevant and competi-
tive in their industries. In The Conference Board’s 2014 annual survey,
The CEO Challenge, human capital ranked as the most critical business
challenge facing today’s global CEOs.The second and third most critical
challenges identified were customer relationships and innovation, respec-
tively. However, without the right talent in the right roles, corporations
will not be able to adequately address any of the challenges or threats to
their business.
LABOR COSTS FAR EXCEED REAL ESTATE COSTS:
Increasing labor costs are fueling concern over human capital. In a
company’s cost structure, the expenses associated with personnel
typically far exceed the expense of occupancy. Recruiting, training, and
compensating employees can cost an organization anywhere from
35%-55% of its total costs, whereas real estate costs typically range from
5%-15%.The consequences of an unsuccessful strategy that impacts over
35% of costs can be significant to the business. Getting the labor strategy
right is critical, and more and more corporations are putting that ahead
of real estate cost.Those businesses that remain focused solely on the
cost of their real estate when determining location are ignoring the
larger corporate agenda and the future viability of the enterprise.
CHANGING DEMOGRAPHICS
IMPACTING SUPPLY OF LABOR:
Businesses are also facing significant headwinds when it comes to the
availability of talent in the marketplace.With the first generation of baby
boomers retiring, a significant supply/demand mismatch is materializing in
the U.S. labor force.While baby boomers are leaving the working age
population, they will continue to demand a significant amount of material
goods and services from the economy. In short, the demand on busi-
nesses will continue to grow, while the ability of businesses to produce
will become strained.
“Corporations that
focus solely on the
cost of their real estate
are ignoring the larger
corporate agenda.”
5. HUMAN CAPITAL
CUSHMAN WAKEFIELD 5
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
2000 2005 2010 2015 2020 2025 2030 2035 2040
Chart A notes the projected net annual change in the U.S. labor force (ages 18-64) from 2000-2040.While the millennial generation
will be entering the workforce and eventually grow to be the dominant age demographic (Chart B), the growth rate of the U.S.
working age population is slowing.This being the case, the U.S. economy is on the verge of a prolonged period where the new supply
of labor will not keep pace with demand.Thus, finding the right talent to fill vacancies in organizations will become more challenging
and significantly more expensive.This supply/demand mismatch will increase the competition for talent, which in turn, will drive-up
compensation costs and ultimately impact corporate profitability.
A: GROWTH OF WORKING AGE POPULATION SLOWING
(NET CHANGE IN U.S. POPULATION AGES 18-64)
Source: U.S. Census Bureau
Source: U.S. Census Bureau
58% Drop
Millenials
Gen X
Baby Boomer
Traditionalists
Gen2020
Millenials
Gen X
Baby Boomer
Gen 2020 (After ‘98) Millennials (‘77 - ‘97) Gen X (‘65 - ‘76)
Baby Boomers (‘46 - ‘64) Traditionalists (Before ‘46)
B: DEMOGRAPHICS OF WORKFORCE SHIFTING
(COMPOSITION OF U.S.WORKFORCE)
2010 2020
37%
51%
6. 6
DEFINING AN INNOVATIVE MARKET
Certain markets provide occupiers with a better chance
to support talent and innovation.The U.S. Department of
Commerce, in conjunction with the Purdue Center for
Regional Development and the Indiana Business Research
Center, has developed a methodology for assessing the
capacity of a region’s innovation capability.The innovation
“potential” of a region can best be determined by assessing
a distinct set of economic inputs and outputs that have the
potential to yield greater innovation within an economy.
Cushman Wakefield analyzed 61 real estate markets using
the U.S. Commerce Department criteria and compared the
top 20 to the U.S. average (see graphic below).
The best markets for occupiers tend to be those that
offer the least compromise between labor quality and cost.
There are markets that offer high innovation potential with
a below average costs. Austin,TX ranks the highest when
comparing innovation potential to rent. Other markets with
favorable innovation to cost comparisons include: Seattle,
Raleigh / Durham, San Diego, NoVA / Suburban MD, and
Manchester, NH.
Please see the back cover for more information on how the
Innovation Index is calculated.
KEY MARKETS FOR INNOVATION
INNOVATION INDEX SCORERENT
94.2LOSANGELES$36.90
93.1No NJ$31.00
93.1NEWYORK CITY$76.00
90.8HOUSTON$41.98
94.2ATLANTA$26.48
97.9NEW HAVEN$23.09
100.3BALTIMORE$27.35
102.4MINNEAPOLIS$26.61
105.1MANCHESTER NH$19.91
107.4SAN DIEGO$33.60
109.6SEATTLE$34.48
110AUSTIN$43.16
111.8BOSTON$50.99
112.7FAIRFIELD COUNTY,CT$55.74
116.4SAN FRANCISCO/OAKLAND$60.20
128.3SILICONVALLEY$36.75
90.4CHICAGO$38.08
97.1DENVER$31.94
99.7SALT LAKE CITY$30.16
101.4PHILADELPHIA$27.65
103WASHINGTON DC$58.35
107NoVA/SUBURBAN MD$37.36
107.5RALEIGH/DURHAM$26.36
109.7CENTRAL NJ$29.37
96.5DALLAS$26.05
97.8PORTLAND$27.04
100USAVERAGE$47.40
Source: U.S. Department of Commerce, Cushman Wakefield
7. HUMAN CAPITAL
CUSHMAN WAKEFIELD 7
REAL ESTATE MARKETS ARE CHANGING
The occupier war for talent has impacted real estate
property types and market dynamics. A preference for
urban-style living and working is dictating location
decisions, as occupiers seek to capture the new
urbanism trend that has developed in many U.S. cities
and markets. Demographic shifts have produced higher
than average population growth within major U.S. cities.
Millennials and Boomers, both of which have smaller
households on average, are seeking urban-type locations
to live, work, and play and corporations are following.
This new sense of urbanism has altered the real estate
dynamics within many core Central Business Districts
(CBDs) and given rise to submarkets that have long
been ignored by occupiers and investors alike. Previously
overlooked submarkets in cities such as Boston, New
York, Chicago, and San Francisco, among others, have
provided lower-cost alternatives to traditional CBD
locations. Seemingly overnight, many of these markets
have experienced significant office, retail, and residential
development in response to occupier demand and as a
result are now becoming increasingly more expensive.
RIVER NORTH (Chicago)
$38 Class A Rent
13.5% MarketVacancy
0 SF Under Construction
RIVER WEST
$20 Class A Rent
13.0% MarketVacancy
550,000 SF Under Construction
SEAPORT DISTRICT
(Boston)
$55.00 Class A Rent
4.8% MarketVacancy
MIDTOWN SOUTH
(NewYork)
$76.15 Class A Rent
11.1% MarketVacancy
2.4 Million SF Under Construction
S. FINANCIAL (San Francisco)
$60.00 Class A Rent $60.00
8.9% MarketVacancy 8.9%
3.5 million SF Under Construction
E. SOMA (San Francisco)
$60.00 Class A Rent
5.2% MarketVacancy
535,185 SF Under Construction
AUSTIN,TX
$43.00 Class A Rent
9.3% MarketVacancy
959,887 SF Under Construction
RISING INNOVATION SUBMARKETS
WHAT MAKES A MARKET INNOVATIVE:
Successful innovation requires a host of factors that allow
new ideas to be brought to market.Having the right human
capital is critical for innovation.However,talent alone does
not mean that innovation will occur.Other factors are
required for innovation to succeed.While Chicago,New
York,Northern NJ,Atlanta,and Dallas all rank high in
human capital,according to the index methodology they do
not have the right mix of other economic components to
rank higher,such as overall job growth,an increasing
percentage of high-tech employment,and venture capital
investment,among others.
A low index score does not eliminate a market from
consideration for corporate expansion. Innovation, as a
component of location strategy, must be assessed at the
industry and company level to ensure the right match
for the enterprise. For example, Houston has a low
overall index score, yet is the leading market for energy
related businesses and has built an infrastructure around
that industry that would be challenging to replicate.
8. 8
SUCCESSFUL PROPERTIES FOCUS ON THE EMPLOYEE EXPERIENCE
The most successful product types today are the ones that bring together the necessary components to make recruit-
ment work. Buildings and markets that are served by public transportation provide millennials and other workers better
access to the office without having to provide their own transportation. Nearby residential and retail provide an overall
employee experience, while the right workplace strategy shows employees that the company has an investment in how
they work.
SUBURBAN REAL ESTATE:
Leading owners of suburban property have realized that the best way to compete with urbanization and assist their
tenants in attracting talent is to bring urban elements to the suburban marketplace. Properties that help effectively move
employees from one aspect of life to another and support the employee experience are being sought by occupiers─and
these properties do not have to be in an urban core market. In the war for talent, corporations understand that they are
hiring a whole person and the environment they provide should support that.
LIFE
24/7
Convenience
PLAY
Health, Retail,
Amenities
WORK
21st century
work style
EMPLOYEE
EXPERIENCE
9. HUMAN CAPITAL
CUSHMAN WAKEFIELD 9
CALL TO ACTION
OCCUPIERS
Determine the best markets today and in the future for talent recruitment and retention at a global,
regional, and local level.
Consider a workplace strategy as a way to contain occupancy costs before compromising on the quality of labor.
Know the importance of the employee experience to your current and future workforce.
Consider even slight differences between submarkets that can make or break a project.
INVESTORS
Integrate work, life, and play into existing and new developments.
Consider a reverse site-selection analysis that assesses the competitive advantages of the property, the
industries it is best-suited to attract, and the ideal strategy for maximizing its marketability and occupancy.
Ensure that the capital improvement budgets focus on making the right investments to attract and
retain talent in the industries being targeted for tenancy.
Consider ways to improve access to the property.
1
2
3
1
2
3
“Real estate plays
a significant role in
recruiting, retaining,
and engaging talent.”
4
4
10. 10
www.cushmanwakefield.com
For more information about this briefing contact:
Rick Cleveland
Managing Director
CIS Research Strategy
rick.cleveland@cushwake.com
Debra Moritz
Executive Managing Director
Head of U.S. Business Consulting
debra.moritz@cushwake.com
For more information about Cushman Wakefield’s
CIS platform and services, contact:
John C. Santora
President and CEO
Corporate Occupier Investor Services
john.santora@cushwake.com
CORPORATE OCCUPIER INVESTOR SERVICES
Corporate Occupier Investor Services (CIS) creates comprehensive
solutions for real estate portfolios, aligning real estate strategies to our
clients’ overall business priorities. Our clients range from multinational
corporations to owners/occupiers of single assets, in local markets and
across the globe. CIS adds value as a trusted advisor, leveraging all services
to span the entire life cycle of our clients’ real estate.
Global CIS teams collaborate through the sharing of best practices, use of
consistent tools and processes, alignment of goals and priorities through
industry-leading performance management and governance programs and
flexible, effective technology. CW partners with clients, enabling them to
focus on their core business, confident that real estate experts are attending
to every strategic and operational detail required to create, optimize and
protect business value.
CIS Services:
Account Management
Agency / Landlord leasing
Business Consulting
Transaction Management
Facilities Management
Lease Administration
Project Management
Property / Asset Management
Risk Management Services
INNOVATION INDEX DESCRIPTION
The U.S. Commerce Department’s Economic
Development Administration, in conjunction with
the Purdue Center for Regional Development,
the Indiana Business Research Center, and other
research partners, in 2009 developed the
Innovation Index.The index measures specific
inputs and outputs, that when present in an
economy, allow for increased innovation to occur.
The index compares 22 different economic
inputs and outputs for a defined region to for the
U.S., some of which include:
High-tech employment
Knowledge-based occupations
Education of population
Venture capital investment
GDP / Worker
Average patents issued
More information can be found at
www.statsamerica.org