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Industrial Insights: The Recession-Proof Asset Class?

The industrial property segment has been among the top performing asset classes in terms of net occupancy growth, rent growth and capital appreciation over the past several years. As COVID-19 spread across the country, real estate markets across the country have been affected in various ways. However, the industrial asset class seems to endure despite the challenges that the COVID-19 recession has brought forth. Much of this is due to the industrial market’s strong position heading into the pandemic. Use Cushman & Wakefield’s interactive map to find out how the U.S. and Canadian industrial real estate markets were performing at the onset of the current recession compared to previous recessions and read the full report to understand how key industrial markets are expected to weather the storm.

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Cushman & Wakefield again Named World’s Top Real Estate Advisor by Euromoney

Cushman & Wakefield takes top spot as global advisor and consultant for third year in a row CHICAGO – Cushman & Wakefield (NYSE: CWK) announced today that the firm was named the world’s top commercial real estate advisor and consultant for the third consecutive year by Euromoney’s 2020 Real Estate Survey. Globally, Cushman & Wakefield was also named the No. 1 advisor and consultant for Property Valuation and Research for the third consecutive year, and No. 1 in Agency Letting/Sales for the second consecutive year. The firm also claimed the No. 1 spot for Investment Managers. “We are honored to again be recognized by Euromoney as the top real estate advisor and consultant in the world,” said John Forrester, President of Cushman & Wakefield. “We are especially proud of our people, who tirelessly strive to continuous improvement and innovation, setting the bar high for client service and who have continued to provide essential services, produce top-notch thought leadership and deliver real value solutions to our clients.” In addition to its global recognitions, Cushman & Wakefield was named the top advisor and consultant in Asia Pacific, Central and Eastern Europe, Latin America, North America, Argentina, Australia, China, Colombia, Croatia, Hong Kong, Japan, Korea, Mexico, Peru, the Philippines, Portugal, Serbia, Turkey, the U.S. and Vietnam. “The Euromoney real estate awards are voted for by all constituents in the industry – developers, advisers and banks,” said Euromoney editor Louise Bowman. “This makes them of particular importance in recognizing strength in each individual sector. We congratulate Cushman & Wakefield for their achievement in winning Best Global Overall real estate Advisers and Consultants for the third consecutive year; and for earning the respect of their peers and colleagues in the highly competitive global real estate market.” Euromoney’s 16th annual survey canvassed the opinions of leading firms involved in the real estate sector worldwide to determine which firms they believed to be the best providers of real estate products and services in their market during the past 12 months. Advisers, developers, investment managers, banks and corporate end-users of real estate were invited to take the survey. The full results are published on www.euromoney.com. About Euromoney Euromoney magazine was created in 1969 to cover the re-emergence of the international cross-border capital markets. The Euromarket, after which the magazine is named, is the predecessor to today’s mainstream global capital markets. Euromoney reported on, and championed, this market and its growth, in the process becoming the prime magazine of the wholesale financial world, its institutions and its users. Our specialist journalists bring you an authoritative round up of banking, capital markets, investment, foreign exchange and treasury, and regional markets, including Asia, Latin America and EMEA. Our benchmark surveys and awards will tell you how you and your competitors are rated by the industry, help you find the institutions best placed to handle your business, and can give you the edge you need when pitching to clients. Are you ready for what’s next in Southwest Florida’s real estate market? Cushman & Wakefield Commercial Property Southwest Florida wants to help you take advantage of this opportunity. contact-us.

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The Verge of a Renaissance: Downtown and Midtown Fort Myers

By Gary Tasman Fort Myers’ River District has been on the cusp of a renaissance for several years. The walkable streets, charming shops, outdoor dining, and plentiful events have drawn visitors back to the city’s once-struggling downtown. This month’s opening of the long-awaited Luminary Hotel & Co. may well represent the tipping point in Fort Myers’ downtown transformation from a local favorite to a national conference and vacation destination. For property investors, this change represents a great opportunity. For three decades, Fort Myers has watched convention business flee southward to the islands, Bonita Springs, and Naples, despite boasting a 30,000-square foot conference center. Limited hotel space in the downtown core, combined with the allure of beaches and outdoor recreation in other locations, made these other spots more ideal sites for business travelers and their families. Ready to make a move ? Get started by contacting us. The Luminary and other future developments in Fort Myers will resolve many of these issues, and drive demand for even more development in and around the River District. The 243-room Luminary is one of three downtown-area hotels in the works. A proposed 111-room Hampton Inn at the intersection of Cleveland Ave. and McGregor Blvd. and a 135-room Holiday Inn on the east side of the River District on Second St. are both currently in permitting and will offer lodging at a variety of price points for convention-goers and families. “The Caloosa Sound Convention Center and the Luminary Hotel are just the beginning,” explains Shawn Stoneburner of Cushman & Wakefield Commercial Property Southwest Florida. “Business owners want to keep convention attendees and their families downtown, and we can expect to see a lot of growth in entertainment and recreation to keep folks in Fort Myers for their full stay.” The organization behind the Luminary, MainSail Lodging & Development, will be part of that plan. In addition to onsite hotel amenities like a rooftop lounge, coffee roastery, and culinary theater, MainSail will develop an amphitheater in Centennial Park for year-round entertainment. The company is also converting the empty City Pier building into a restaurant and recreational outfitter where visitors can rent a bicycle, paddle board or kayak to navigate the city’s riverfront. With the potential for thousands of new weekly visitors downtown for conferences and meetings, the demand for even more vibrant entertainment offerings will be high, potentially reshaping the look and character of both downtown and midtown Fort Myers. The city’s Midtown Vision Plan will build upon the success of the River District and extend the city’s core beyond Dr. Martin Luther King Blvd. As it is currently planned, the city’s vision for Midtown would turn the area just south of the River District into a vibrant, mixed-use community over the next decade. The district would expand the city’s historic downtown while infusing economic development into the area just south of downtown. Anchored by City of Palms Park, Midtown has seen little development or investment since the Boston Red Sox vacated its spring training home nearly a decade ago. “Property values have been relatively static in Midtown, and very little property has changed hands in this area,” says Stoneburner. “But when there has been development in Midtown, it’s been big news. The transformation of the old train depot into the Southwest Florida Community Foundation is one great example.” Smart investors are scouting not only downtown Fort Myers but also Midtown for opportunities to take advantage of the city’s upcoming renaissance. City leaders are committed to revitalizing the Midtown neighborhood, increasing density levels to allow for more multi-unit housing and commercial buildings, and improving the utility infrastructure to support more development. If you currently hold property in or around downtown or midtown Fort Myers, you don’t want to miss out on the budding opportunities in this area. The experts at Cushman & Wakefield Commercial Property Southwest Florida are equipped with local expertise and access to best-in-class data and analytics to create powerful insights. Cushman & Wakefield’s professionals can provide you with a free property valuation to help you determine the ideal price for your property and discover the optimal time to sell. The landscape of downtown and midtown Fort Myers is changing. Are you ready for it? Cushman & Wakefield Commercial Property Southwest Florida wants to help you take advantage of this opportunity. Contact-us.

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The Future of “Destination Workplaces”

By Gary Tasman Fitness centers. Meditation rooms. Pool tables. Only a decade ago, office amenities like these were nearly unheard of, only offered at the most progressive tech companies. Today, unique services and experiential offerings like these have become the norm at many workplaces. Employers who want to remain relevant and attract top talent are taking notice and adapting their workplace designs to incorporate more employee amenities. COVID-19 taught us that “going to work” doesn’t necessarily mean traveling to a traditional office building. As a result, employers are searching for ways to motivate staff to gather together and connect with each other and their organization. Amenities like team brainstorming hubs, walking paths and relaxation areas provide both an atmosphere for collaboration as well as an inviting environment. Ready to make a move?  Get started by contacting us. “For several years now, we’ve been seeing retailers expand into this experiential space, and this includes experience-based businesses that have developed in our area,” explains Shawn Stoneburner of Cushman & Wakefield Commercial Property Southwest Florida. “Now, employers are taking that cue and are trying to provide unique experiences at the office. As companies reassess their space needs for the post-COVID future, employee amenities need to be part of the total equation.” Many companies have the luxury of planning these perks from the ground up. NeoGenomics’ new headquarters in Lee County, for example, will consist of a three-story office building, a two-story laboratory building, and other support structures totaling 150,000 square feet. Also included in the design are a courtyard, an outdoor dining area, a fitness path, cafes on every floor, and teaming spaces to encourage collaboration. However, creating a great workplace experience can be challenging. With five generations now in the American workforce, employees have widely varying tastes and expectations. Employee insights are essential to determine appropriate amenities. Workers need to share their needs, wants, preferences, and current challenges, so employers can create meaningful experiences. After surveying employees, employers nationwide have started offering out-of-the-box amenities like personal errand-running and on-site childcare facilities. Amenities should also mesh with an organization’s corporate culture. For example, many companies have made employee wellness a strategic priority. Those organizations can provide fitness centers or walking paths to aid in physical well-being, and relaxation areas or meditation rooms to promote emotional well-being. “A great example in our area is Scottlynn USA, who is focusing on health and wellness as it builds a new headquarters,” says Stoneburner. “Their plans include a walking path, fitness centers, and even a basketball court on premises. And they’re still adapting. When the coronavirus pandemic started, they improved their plans to add a new air filtration system.” Creating a creative and inviting living space was vital in the design process for Seagate Development Group, the developer for both Scotlynn and Neogenomics, whose new headquarters opened earlier this year. “Seagate paid attention to aesthetics to help promote creativity in its team,” says Stoneburner. “In addition to amenities like coffee bars, lounge areas, and collaborative workspaces, they also made the facility warm and inviting with an outdoor balcony and floor-to-ceiling windows.” The professionals at Cushman & Wakefield Commercial Property Southwest Florida want to be your go-to team as you reconsider the workplace needs of your company and your employees. If you own a commercial property, this is the perfect time to sell, as there are qualified buyers ready to make a move into a facility that better suits their needs. Cushman & Wakefield Commercial Property Southwest Florida’s professionals combine their local commercial real estate knowledge and experience with a data-driven, evidence-based approach to create powerful insights and empower your decision making. When it’s time to sell, Cushman & Wakefield’s process is designed to get clients the best possible sales price in the shortest amount of time. The team at Cushman & Wakefield is equipped with the passion, knowledge, creativity, data and inventory to help businesses become better as we all adapt to our new reality. Cushman & Wakefield Commercial Property Southwest Florida wants to help you develop a plan that best fits your needs. Contact-us.

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Gary Tasman Participates as a Panelist for ULI | SW Florida

Cushman & Wakefield | Commercial Property Southwest Florida is being represented by CEO/Principal Broker, Gary Tasman for Part II of Navigating the Impact of COVID-19 webinar series. Tasman joins other top leaders in development, real estate and the land use industry to discuss how the local real estate has responded to the epidemic and the impact to our community. “It is important to provide timely, accurate data to the market in the wake of the post COVID-19 pandemic. This is a way to deliver high level, point specific data, with the top market leaders”, said Gary Tasman, CEO & Principal Broker at Cushman & Wakefield | Commercial Property Southwest Florida. “Commercial real estate is rapidly changing in Southwest Florida, the epidemic has created opportunities in some areas and significant challenges in others.” The Urban Land Institute’s mission is to provide leadership in the responsible use of land and in creating a sustainable, thriving future for communities. They carry forth that mission by serving the Southwest Florida region with pragmatic land use expertise and education. The webinar is scheduled for Thursday, August 27th at 3:00pm – it can be seen by registering here: https://swflorida.uli.org/uli-southwest-florida-webinars-events/detail/6E4A2B52-B9B0-4A65-9FD9-D27A49201B25/ Cushman & Wakefield | Commercial Property Southwest Florida provides commercial real estate solutions in every stage of the real estate process, representing clients in buying, selling, leasing, property management, financing and valuing assets.

Gary Tasman Participates as a Panelist for ULI | SW Florida Read More »

Gary Tasman Participates as a Panelist for ULI | SW Florida

Cushman & Wakefield | Commercial Property Southwest Florida is being represented by CEO/Principal Broker, Gary Tasman for Part II of Navigating the Impact of COVID-19 webinar series. Tasman joins other top leaders in development, real estate and the land use industry to discuss how the local real estate has responded to the epidemic and the impact to our community. “It is important to provide timely, accurate data to the market in the wake of the post COVID-19 pandemic. This is a way to deliver high level, point specific data, with the top market leaders”, said Gary Tasman, CEO & Principal Broker at Cushman & Wakefield | Commercial Property Southwest Florida. “Commercial real estate is rapidly changing in Southwest Florida, the epidemic has created opportunities in some areas and significant challenges in others.” The Urban Land Institute’s mission is to provide leadership in the responsible use of land and in creating a sustainable, thriving future for communities. They carry forth that mission by serving the Southwest Florida region with pragmatic land use expertise and education. The webinar is scheduled for Thursday, August 27th at 3:00pm – it can be seen by registering here: https://swflorida.uli.org/uli-southwest-florida-webinars-events/detail/6E4A2B52-B9B0-4A65-9FD9-D27A49201B25/ Cushman & Wakefield | Commercial Property Southwest Florida provides commercial real estate solutions in every stage of the real estate process, representing clients in buying, selling, leasing, property management, financing and valuing assets.

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