Cushman & Wakefield’s Latest Blockchain Report Shares Insight on Implications for Real Estate Industry

Blockchain influence on transactions, supply chain management are cited as most likely to have ripple effect on commercial real estate markets  Chicago, IL., November 14, 2018 – Cushman & Wakefield today released insights on how blockchain, the $945 million-dollar technology underlying cryptocurrencies, will impact the commercial real estate sector around the globe. Cushman & Wakefield’s latest research, Blockchain, Bitcoin and Real Estate - Part 2 of the Tech Disruptor Series, takes a deeper dive into the industries and verticals most likely to transition to blockchain technology in the coming years, and how these innovations will, in turn, impact commercial real estate. While blockchain is forecast to turn into a billion dollar industry in the next few years, growing to $9.7 billion by 2021, the report states that adoption in the commercial real estate markets is limited. To date, a handful of single – family sales have taken place using cryptocurrency. In [...]

2018-11-14T14:32:27+00:00 November 14th, 2018|In the News|

See What Robots are Doing for Cushman & Wakefield Services

One of Sea-Tac's vendors, Cushman & Wakefield Services, recently set a fleet of six, self-driving floor-care machines in action at the airport. Learn more about these autonomous floor scrubbers here https://bit.ly/2CQvkfG, as well as from the article appearing in the Seattle Times https://bit.ly/2ETrZ2d. About Cushman & Wakefield Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter. Media Contact: Patricia Monsoor Senior Communications Specialist patricia.monsoor@cushwake.com Land: 801-303-5401 Cell: 801-835-7998  

2018-10-30T16:22:32+00:00 October 30th, 2018|In the News|

Cushman & Wakefield US MARKETBEAT Q3 2018 Summary

Economy, Market View and Outlook for Third Quarter 2018 SEATTLE, WA -- October 30, 2018  In the Seattle-Tacoma-Bellevue Metropolitan Statistical Area, the unemployment rate dropped 30 basis points (bps) year-over-year to 3.9%.  Nearly 70,000 new jobs were added, with the tech industry remaining vital to employment. Cushman & Wakefield’s Tech Cities 2.0 report, published at the end of the quarter, listed the region as one of the “Tech 25” – key U.S. and Canadian markets where tech accounts for a significant portion of the local economy. According to Cushman & Wakefield  Senior Research Analyst, Brian Cagayat, the Seattle Suburban office market reported an overall vacancy rate of 17.5% and an overall gross asking rental rate of $27.08 per square foot (psf) in the third quarter of 2018. Vacancy rose 450 bps year-over-year, while rent rose $1.05. Net absorption was reported at over 67,000 square feet (sf). Leasing activity was 254,000 sf, upping the [...]

2018-10-30T14:28:46+00:00 October 30th, 2018|In the News|

U.S. MarketBeat Reports Q3 2018

A Tale of the Property Markets: Banner Year for Industrial While Retail Lives On The growth trajectory of the U.S. economy is expected to moderate somewhat in 2019 as some of the effects of tax cuts start to fade and the higher interest rate environment begins to dampen activity in certain sectors. In the third quarter, the technology sector remained the key source of demand in U.S. office markets accounting for nearly 27% of the top leases. Consumer spending and retail sales were positive, and eCommerce even more so. Online sales are forecast to grow by double-digits throughout the next three years. Despite concerns over trade policy, the primary drivers of industrial leasing continue to exhibit strength. Read Cushman & Wakefield’s analysis of 2018 third quarter commercial real estate results by clicking on the links below. Cushman & Wakefield Americas Head of Research, Revathi Greenwood, provides insights and glances of [...]

2018-10-18T18:11:58+00:00 October 18th, 2018|In the News|

The Cost of Business in Seattle

Commercial rent in Seattle isn't only high -- it's climbing at a rate of about 2.5 times faster than the national average, according to an analysis by Cushman & Wakefield, reported in the Seattle Times, last February. This news has Seattle surging past Chicago and Los Angeles to top the country's highest rents at a cost of $40 per square foot. The Puget Sound Business Journal,  with help of #Hacking Washington,  takes a closer look at the cost of business in Seattle and Washington  https://bit.ly/2AhaRiq Media Contact: Patricia Monsoor Land: (801) 303-5401 Cell: (801) 835-7998 email: patricia.monsoor@cushwake.com

2018-10-17T16:19:40+00:00 October 17th, 2018|In the News|

Cushman & Wakefield’s ‘Tech Cities 2.0’ report profiles 25 North American Cities Making Their Mark in Tech

Tech Cities 2.0 highlights the tech industry’s critical impact on commercial real estate across the country. Salt Lake City, September 27, 2018 – Cushman & Wakefield today released Tech Cities 2.0 an annual report that identifies existing and emerging tech centers increasingly driving the North American economy and details their impact on the commercial real estate sector. A follow-up from last year’s inaugural Tech Cities 1.0 report, this year’s research reviewed all major North American markets, and groups the top cities into three categories based on how important the tech sector is to the local economy and real estate market: ‘tech is a critical component’ / ‘tech is a key driver’ / ‘tech is important’. “As tech companies continue to dominate headlines and grow, a key question is how this affects commercial real estate. Building upon our inaugural Tech Cities report from last year, Tech Cities 2.0 offers new data and [...]

2018-10-16T14:39:35+00:00 October 16th, 2018|In the News|

Cushman & Wakefield closes acquisition of partner firms in Minneapolis, Seattle, Salt Lake City, and Las Vegas markets

CHICAGO, September 5, 2017 – Cushman & Wakefield today announced it completed its acquisition of Cushman & Wakefield NorthMarq (CWN) in Minnesota and Cushman & Wakefield Commerce (CWC) operations in Nevada, Utah and Washington. Collectively, Cushman & Wakefield NorthMarq and Cushman & Wakefield Commerce employ 750 employees and manage almost 50 million square feet of real estate across 10 offices and have 200 brokers. “These are great markets with a solid operations, top people, and strong leadership.  Together we are affirming our commitment to deliver our clients the best strategic advice and platform of services,” said Tod Lickerman, Chief Executive Americas, Cushman & Wakefield.

2017-12-20T17:32:24+00:00 September 5th, 2017|In the News|

William W. Krippaehne Jr. Joins Seattle Office of Cushman & Wakefield

SEATTLE, August 2, 2017 –Cushman & Wakefield today announced that William W. Krippaehne Jr. has joined the company as an executive director. He is adding his vast experience in commercial real estate to the Seattle team. “Bill is a strategic addition to our team,” said Dave Magee, market leader – Washington region with Cushman & Wakefield. “His stellar track record, vast experience and deep connections in the market make him a tremendous addition to our office and we are excited to welcome him to the team.” With more than 35 years of experience in senior strategic and operating roles, he gained success in fee and proprietary sales, leasing, development, and management of commercial and industrial real estate. Additionally, Krippaehne has amassed experience in land acquisition, planning, and entitlement, development, leasing, management, and financing of commercial-industrial-manufacturing properties. Krippaehne launched his career with The Gilley Company in Portland, Oregon as an industrial [...]

2017-12-07T12:39:55+00:00 August 2nd, 2017|In the News|

Q1 2017 Seattle Doubles Commercial Real Estate Leasing Activity Over Q1 2016

SEATTLE, April 27, 2017 – The 2017 first quarter commercial real estate report from Cushman & Wakefield shows that leasing activity in Seattle’s central business district doubled from this time last year. The quarterly report also indicated that the industrial vacancy rate in Kent Valley is at a historic low, putting upward pressure on asking rents. “Global brands such as Amazon and Facebook are continuing to add to their footprint in Seattle,” said Dave Magee, SIOR, market leader – Washington region with Cushman & Wakefield. “With 60 construction cranes on the skyline, both the office and industrial markets in the Puget Sound region are significantly growing and adding to the economic stability and expansion of Seattle.” The following data points are highlights of the office and industrial markets in Seattle, the Eastside and Kent Valley. For additional detail and to access the full reports, please visit www.comre.com/research. Seattle CBD Office [...]

2017-12-07T12:43:19+00:00 April 27th, 2017|In the News|

Cushman & Wakefield Grows Seattle Industrial Team with the Addition of Taylor Hazard

SEATTLE, Apr. 24, 2017 – Taylor Hazard is returning to his hometown of Seattle to join Cushman & Wakefield as an associate director, industrial brokerage. Hazard comes to the Seattle office by way of Cushman & Wakefield’s Denver office. He will focus on industrial sales and leasing in the Puget Sound area. “The industrial market in the Puget Sound area is very strong, and we are excited to welcome Taylor to the team to help grow out that segment,” said Dave Magee, market leader – Washington region with Cushman & Wakefield. “ While at the Cushman & Wakefield Denver office, Hazard focuses on industrial sales and leasing where he quickly made a name for himself. He was named Cushman & Wakefield’s Rookie of the Year, in 2014 and achieved C&W’s production award in 2015. His previous experience was in sales for an industry leading IT and consulting firm specializing in [...]

2017-12-07T12:45:04+00:00 April 24th, 2017|In the News|