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Trump 2.0 & Implications for Property

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Are you Wondering about the Trump Administration’s Potential Impact on Real Estate Markets? The recent election of Donald Trump as the 47th President of the United States signals potential shifts in economic and property landscapes. With Republicans controlling both Congress and the White House, policy changes could span regulatory, fiscal, trade, and immigration areas, influencing commercial real estate (CRE) markets. Key positives include reduced market volatility, fiscal stimulus boosting corporate profits, financial deregulation, and policies favoring housing supply and CRE investment. Additionally, anticipated federal mandates for office returns may revive office space utilization in key markets. Conversely, negatives such as potential inflationary shocks from tariffs, restrictive immigration policies, and interest rate volatility pose challenges to sustained growth. While immediate impacts on CRE are limited, long-term effects will depend on the scope and execution of policy changes. Industry experts recommend focusing on macroeconomic trends and maintaining strategic, long-term investment perspectives. For more insights on CRE trends under the new administration For expert insights and further inquiries, contact Cushman & Wakefield | Commercial Property Southwest Florida by calling 239.489.3600 or email us at info@cpswfl.com for more information! Read The Full Article Here

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Six Critical Questions Part 5:Has Southwest Florida’s Wave of Multifamily Construction Reached its Peak?

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Southwest Florida’s housing market is evolving, and multifamily construction trends are at a pivotal point. In Part 5 of our Emerging Trends in Commercial Real Estate series, Cushman & Wakefield’s | Commercial Property Southwest Florida CEO, Gary Tasman explores; 📉 The 62% drop in multifamily construction starts and the reasons behind it. 🏠 Ongoing housing shortages and the region’s affordability challenges. 📊 Future predictions: Why this slowdown is only temporary, with a rebound expected by 2026. Understand what these changes mean for developers and investors looking to navigate the current market and prepare for the next wave of opportunities. 📍 Watch now for expert insights and actionable takeaways. ➡️ Read the full article: https://bit.ly/MultiFamilyDevelopmentSWFL For expert insights and further inquiries, contact Cushman & Wakefield | Commercial Property Southwest Florida. 📞 Call us at 239.489.3600 or email us at info@cpswfl.com for more information!

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Six Critical Questions Part 4: What Are the Hottest Corridors in Southwest Florida?

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In the fourth installment of our series, we dive into the hottest commercial corridors in Southwest Florida! Discover key insights that every investor and developer needs to know. Key Topics Covered: Punta Gorda Airport: Exciting expansion plans and projected growth of 4 million square feet of commercial space by 2026. Burnt Store Corridor: Explore 14 new developments, including the Hudson Creek project, which aims to create 13,000 housing units and 1,100 jobs. Pine Island Road: A significant shift from retail to multifamily developments with over 5,000 apartments on the horizon. Fort Myers River District: Upcoming luxury apartments, entertainment venues, and pedestrian parks to enhance urban living. Skyplex: Lee County’s largest economic initiative with plans for 8.15 million square feet of development and 21,000 jobs. Alico Road: A booming mixed-use logistics hub that will support 60,000 jobs in five years. East Collier County: The transformation of communities and future commercial projects that promise growth. 👉 Don’t miss out! If you’re an investor looking for the next big opportunity, this video is for you! For expert insights and further inquiries, contact Cushman & Wakefield | Commercial Property Southwest Florida. 📞 Call us at 239.489.3600 or email us at info@cpswfl.com for more information!

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Six Critical Questions Part 4: What Are the Hottest Corridors in Southwest Florida?

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This article is part four of a six-part series focusing on the six most critical questions about development and commercial property in Southwest Florida.  Southwest Florida has experienced remarkable growth over the last decade. This expansion is anticipated to continue through the next several years, with several new commercial zones in our region poised for significant development. While some of these corridors are still in their infancy, others are building on already visible growth and hold expectations for increased activity.  This brings us to question four in our six-part series:   What Are the Hottest Corridors in Southwest Florida?  There are seven primary areas of commercial growth in our region. Let’s discuss them, starting in Charlotte County and working our way south:  Punta Gorda Airport  The Punta Gorda Airport itself is expanding to elevate the passenger experience, and its neighboring area is also on track for development. This submarket’s growth will continue to surge, thanks to its convenient access to I-75, Tampa and Miami, as well as more affordable prices for land in Charlotte County. Dave Gammon, director of Charlotte County Economic Development, forecasts that 4 million square feet of commercial distribution, warehousing, and manufacturing will be delivered by 2026.  Burnt Store Corridor  Burnt Store Road in Northwest Cape Coral currently has 14 individual residential and commercial developments in various stages of activity. Plans include Hudson Creek, a mixed-use development north of Jacaranda Parkway. Hudson Creek will feature 2,500 single-family homes, 1,000 additional multi-family dwellings, 425,000 sf of retail and restaurant, 500 hotel rooms, and 150,000 feet of office space, as well as an assisted living facility and an educational institution. Ultimately, the numerous new development projects along Burnt Store Road will introduce 13,000 housing units and create jobs for 1,100 future employees.  Pine Island Road   Long-time Cape Coral residents have witnessed rapid growth along the Pine Island Road corridor for the past 15 years, and this trend will continue, particularly on the west end of Pine Island Road. Whereas retail had dominated prior growth in the area, current city planning records show a surge of multifamily development in the works. More than 5,000 apartment units are under construction or in planning along the 4.5 mile stretch between Santa Barbara Boulevard and Burnt Store Road.   Fort Myers River District  Fort Myers city leaders have long envisioned increased density in midtown and downtown for years, and that vision will soon be realized. Construction is underway for a 275-unit apartment development downtown, and numerous luxury waterfront apartments and condominiums are currently in the permitting process. Other plans for enriching the River District include an entertainment venue and food truck park, an intimate pedestrian park, and a 9-story hotel.  Skyplex  Considered Lee County’s most important economic development initiative, Skyplex is Lee County Port Authority’s non-aviation development project situated strategically between Southwest Florida International Airport and Daniels Parkway. The Skyplex master plan includes complementary clusters of development over a total of 8.15 million square feet. With hotels, retail, dining, and office space, Skyplex is expected to generate $2.9 billion in revenue and create 21,000 full-time jobs in the region.  Alico Road   Anyone who has traveled between Lee and Collier Counties on I-75 has been privy to the rapid growth of the Alico Road Corridor on both sides of the interstate. This area has seen 2.6 million square feet of commercial and industrial development over just the last three years. The airport/I-75/FGCU submarket is quickly becoming its own micro-city: a mixed-use commercial and industrial logistics hub supported by some of the largest demand generators in the region. The Lee County Economic Development Office anticipates that this surge of development will produce approximately 60,000 jobs within the next half-decade.  East Collier County  Collier County has always held a reputation as a premium, affluent community, but until the early 2000s, very little development had occurred east of I-75. That has certainly changed over the past two decades, with Collier County’s population quickly growing eastward, particularly along Immokalee Road and Oil Well Road. Ave Maria has flourished into a community of more than 4,000 homes, and no fewer than three villages are planned and approved between Naples and Ave Maria. In fact, projections suggest that the intersection of Immokalee Road and Collier Boulevard will evolve into Collier County’s population epicenter by 2030. Other commercial projects east of I-75 include Uline’s expansive 975,000 square foot regional distribution center and the new Great Wolf Lodge resort.    Answering Your Questions  Are you hoping to invest in the next hot commercial corridor in Southwest Florida? The Commercial Property Experts at Cushman & Wakefield | Commercial Property Southwest Florida (CPSWFL) hold decades of experience understanding the dynamics of our commercial property landscape.  Our team is ready to answer your questions. To reach us, complete our online contact form or call 239-489-3600 to speak with an expert.     

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Six Critical Questions Part 3: Will We See an Avalanche of Distressed Assets in 2024? 

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This article is part three of a six-part series focusing on the six most critical questions about development and commercial property in Southwest Florida.  Across the country, borrowers and lenders are bracing for a potential surge of distressed assets. According to a study by Cushman & Wakefield, the U.S. commercial property market exhibited an alarming $80 billion in outstanding distress as of Q3 2023. Even more concerning, the report showed more than $215 billion in potential distress on the horizon, surpassing the cumulative distress observed during the Great Recession.  However, Southwest Florida has been able to buck a number of national trends in commercial real estate over the last few years. This brings us to the third question in our series:  Will Southwest Florida See an Avalanche of Distressed Assets in 2024?  To understand the reasons why borrowers and lenders are concerned about distressed assets, it’s important to first understand how commercial loan interest rates contribute to distress levels.  Interest Rates and Distressed Assets  Commercial real estate loans are typically structured with short maturities, often in the neighborhood of eight to ten years, with a much longer amortization period. Consequently, property owners face a large balloon payment at the end of each loan.  If owners are unable to settle these balloon payments in full, they will refinance that balloon payment at current interest rates.   When the majority of existing commercial loans were established, historically low interest rates were in effect. Eight years ago, the average 10-year treasury yield was an astonishing 1.84 percent. Now, with rates more than double that, the cost of refinancing a commercial property balloon payment may not be worth the added cost of borrowing money. This is particularly true in markets where inventory is high and property values are declining.  Distressed Property in Southwest Florida  Here in Southwest Florida, we are experiencing some of the lowest levels of distressed commercial real estate in the state. Our area boasts a loan loss rate of only 11%, which falls below the state average of 12%. Southwest Florida’s resilience comes in part from our strong rental rates, which are helping to keep many properties profitable and net operating income (NOI) positive.  Will distress levels rise in Southwest Florida?  Most likely, although not to the potentially catastrophic levels we may see in other parts of the country. Maturing loans will exert pressure across all product types, especially middle and low-quality office assets. However, rent growth has lifted NOI considerably over the life of the average loan, meaning we shouldn’t anticipate an avalanche of distress. Southwest Florida borrowers who secured financing prior to 2019 have likely accumulated enough appreciation to make their property’s current values higher than their debt balance. Coupled with low vacancy rates, strong job growth, and favorable net migration, our region will likely outperform most of the rest of the country.      Are you a commercial property owner with a loan on the cusp of maturity? If so, the Commercial Property Experts  at Cushman & Wakefield | Commercial Property Southwest Florida (CPSWFL) can help you determine your best next move in our current economic climate. CPSWFL has the data, analytics, and local experience to help you understand the dynamics of our region’s economic potential and commercial property landscape. Complete our online contact form or call us at 239-489-3600 to speak with an expert.     

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Double Impact: CPSWFL Wins Consecutive CoStar Awards for Southwest Florida’s Economic Expansion with Lansing Building Products

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The headlines in early 2024 were eye-opening for many: “Southwest Florida Braces for Population Surge as Lee County Nears One Million Residents.” This forecast stemmed from a January report by the University of Florida’s Bureau of Economic and Business Research (BEBR). The data projected that Lee, Collier, and Charlotte counties would witness some of Florida’s most significant population increases through the end of the decade. The BEBR’s most optimistic projections suggest a combined population of more than 1.7 million by 2030, marking a 23.6% increase. The ripple effect of this rapid expansion is evident. As we’ve seen, population surges fuel economic progress through a domino effect. Newcomers necessitate the construction of new homes, roads and other infrastructure, schools, medical facilities, grocery stores, and so forth. The ensuing construction boom then drives job creation and ultimately attracts even more residents to our region. Southwest Florida’s prospects for business development and prosperity have captured attention far beyond our local media reports. Over the last several years, the area has attracted many new businesses while also encouraging existing enterprises to expand their presence. One such company is Lansing Building Products, a construction wholesaler with a network of 113 locations in 35 states. Last year, Lansing signed a 66,017 square-foot lease, brokered by Gary Tasman and Shawn Stoneburner of Cushman & Wakefield | Commercial Property Southwest Florida (CPSWFL). Lansing’s presence is a further reflection of our community’s economic expansion, and will be crucial for driving future regional growth. Lansing provides exterior building products, including windows, doors, roofing and insulation to professional contractors. Material procurement is often a hurdle for builders who strive to keep projects on track, especially when demand is high. Lansing will serve as a dependable source to ensure local construction projects proceed without unnecessary delays to satisfy the needs of our surging population. Lansing pinpointed Southwest Florida as a market with thriving demand for residential construction, making our area optimal for their expansion. CPSWFL helped facilitate their plans through the brokerage’s deep understanding of the local market.  Initially, Lansing was poised to lease a modest space that would have been adequate to meet their initial needs. However, Lansing revised their strategy and sought out larger accommodations after analyzing local market data with CPSWFL.  “We showed them the market analytics, the growth trajectory of Southwest Florida, and all of the projects and construction currently in planning,” explains Gary Tasman, CPSWFL’s CEO and principal broker. “We helped them better understand Southwest Florida and identify where they needed to be.” That location turned out to be a strategically positioned warehouse facility in the Suncoast Commerce Center. The location, in close proximity to I-75 near Luckett Road, will enhance Lansing with getting their products into the market and then onto construction sites.  “Our partnership with Lansing is pivotal because of what they represent to Southwest Florida. They are essential for our continued development and ongoing recovery from Hurricane Ian,” says Tasman. “By supporting Lansing, we’re also helping to address our community’s needs, and promote expansion and economic vitality throughout the region.” Because of the Lansing transaction’s potential impact on Southwest Florida’s growth and prosperity, CPSWFL was recently awarded the CoStar Impact Award for Lease of the Year in the Southwest Florida market. This marks CPSWFL’s second consecutive year receiving this prestigious award, which honors the most influential commercial real estate transactions and projects across 128 major markets in the United States, Canada, and the United Kingdom.  With nearly 200 commercial sales, leases, and consulting assignments closed annually, CPSWFL takes pride in its role in shaping the regional landscape by recognizing and tackling community challenges. The team’s mission is to not only practice real estate with efficiency and precision but also to leave our community a better place. CPSWFL’s partnership with Lansing is a testament to this commitment. Cushman & Wakefield | Commercial Property Southwest Florida is invested in the growth of our region. If you are an investor, developer, or business owner with interest in the booming Southwest Florida market, the Commercial Property Experts at CPSWFL have the knowledge and experience to help guide you on your journey. Contact our team of Commercial Property Experts by calling 239-489-3600, or contact CEO/Principal Broker Gary Tasman at gtasman@cpswfl.com

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Cushman & Wakefield | Commercial Property Southwest Florida earns an unprecedented two 2023 CoStar Impact Awards

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FORT MYERS, Fla. (April 25, 2023) – Earning a CoStar Impact Award is a distinct honor in commercial real estate. Winning two such awards in the same year is unprecedented. The brokerage team at Cushman & Wakefield | Commercial Property Southwest Florida (CPSWFL) has accomplished this rare feat by winning a pair of 2023 CoStar Impact Awards. Award recipients were selected from a panel of more than 750 industry professionals drawn from each respective commercial real estate market. The CoStar Impact Awards recognize exemplary commercial real estate transactions and projects completed in 2022 that have significantly influenced the region. Winners are chosen for their growth, diversification, and ability to overcome unique challenges in their particular markets. As the orchestrator behind many of the area’s most significant commercial real estate transactions over the last 15 years, CPSWFL is well known regionally for its role in shaping the Southwest Florida commercial property landscape. Gary Tasman, CEO and Principal Broker, and Shawn Stoneburner, Senior Director, were honored by CoStar Group for Sale/Acquisition of the Year for the Gulf Landing Logistics Center on Ben Hill Griffin Parkway in Fort Myers. Entitled for up to 2.2 million square feet of bulk warehouse and distribution space, the logistics center is one of the largest such developments in Southwest Florida to date. Tasman and Stoneburner were also awarded a CoStar Impact Award for Lease of the Year for the 44,800-square foot Tesla regional repair facility on Lee Road in Fort Myers. Because Florida is one of the top states in the country for Tesla ownership, award judge Dana Brunett, Director of Business Development for Lee County Economic Development, noted that the facility “addresses a major need” in the region. With this transaction, Fort Myers now joins Tampa and Sarasota with the only Tesla service centers on Florida’s gulf coast. “I’m incredibly proud of our entire team for this accomplishment. Our brokerage team was the only one in the entire country to earn multiple Impact Awards, and everyone here played a part,” explained Tasman. “It’s really a unique distinction to be honored twice by our contemporaries, especially after such an intense year in commercial real estate here in Southwest Florida.” “We’re grateful for the chance to recognize the accomplishments of noteworthy real estate projects and transactions across the industry,” said Andy Florance, Founder and Chief Executive Officer of CoStar Group. “As the industry continues to evolve, real estate professionals have adapted and contributed immensely to the neighborhoods they serve through innovative projects and community-driven initiatives.” CoStar Impact Awards are presented across 128 major international markets in the United States, Canada, and the United Kingdom. Each market may award a single winner in up to five categories: Lease of the Year, Sale/Acquisition of the Year, Commercial Development of the Year, Multifamily Development of the Year and Redevelopment of the Year. CPSWFL is an independently owned and operated member of the Cushman & Wakefield Alliance that provides strategic solutions for commercial real estate investors, owners, and lessors. For more information about how Cushman & Wakefield | Commercial Property Southwest Florida can serve your commercial real estate needs, please contact Gary Tasman at gtasman@cpswfl.com or visit www.cpswfl.com. To learn more about the CoStar Impact Awards and review the full list of winners, visit www.costarimpactawards.com. About Cushman & Wakefield | Commercial Property Southwest Florida Since 2007, Cushman & Wakefield | Commercial Property Southwest Florida (CPSWFL) has shaped Southwest Florida’s commercial property landscape by actively advising, implementing, and managing on behalf of landlords, tenants, and investors through every stage of the real estate process. An independently owned and operated member of the Cushman & Wakefield Alliance, CPSWFL advises clients in buying, selling, financing, leasing, and managing assets. Founded by CEO and Principal Broker Gary Tasman, CPSWFL’s integrated solutions also include valuation advice, strategic planning and research, portfolio analysis, site selection and space location assistance. About CoStar Group, Inc. CoStar Group, Inc. (NASDAQ: CSGP) is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality sector. Ten-X provides a leading platform for conducting commercial real estate online auctions and negotiated bids. LoopNet is the most heavily trafficked commercial real estate marketplace online. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. Homes.com offers real estate professionals advertising and marketing services for residential properties. CoStar Group’s websites attract tens of millions of unique monthly visitors.  Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe, Canada and Asia with a staff of approximately 4,900 worldwide, including the industry’s largest professional research organization. For more information, visit www.costargroup.com.   Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2019, the firm had revenue of $8.2 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.

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Cushman & Wakefield | Commercial Property Southwest Florida supports Ian recovery efforts and economic development as region moves forward

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FORT MYERS, Fla. (Dec. 20, 2022) – Gary Tasman and the team at Cushman & Wakefield | Commercial Property Southwest Florida (CPSWFL), a leading full-service commercial property brokerage based in Fort Myers, have contributed $50,000 to aid in the area’s recovery. Half the donation will support the Southwest Florida Hurricane Ian Relief Fund, an effort of the Collaboratory and United Way; the remainder going to Habitat for Humanity of Lee and Hendry counties. Since 2007, CPSWFL has helped to shape the landscape of Southwest Florida, and their contributions – both professionally and personally – continue to have great impact on the future of the region. “This community has been so resilient, and we are proud to support the efforts of forward-thinking organizations that believe in Southwest Florida and all it has to offer,” said Gary Tasman, CEO and Principal Broker of CPSWFL. “It’s important that we don’t just build back what was here, but that we build back better and stronger.” The Collaboratory, formerly the Southwest Florida Community Foundation, is all about cultivating regional change for the common good. CEO Sarah Owen, a self-proclaimed delusional optimist, has a vision for the region and is dedicated to solving all social problems in Southwest Florida within 18 years. She was about one year into this endeavor when Ian hit; and, as most optimists do, she has found a silver lining in the storm. “This is real accountability to come out and publicly put a deadline to solving all the area’s social issues. We want to end suffering and develop a thriving region. When natural disasters strike, first we want to do all we can to end the immediate suffering. Second, how do we rebuild?” said Owen. “Sometimes we look at problems as problems rather than looking at the possibilities. Now that the disaster’s got everyone’s attention, the entire community is focused on the same thing the Collaboratory has been talking about – focusing on possibilities, on what our region could be!” Owen was a recent guest on Tasman’s What’s Developing Southwest Florida podcast. Both Tasman and Owen are thinking big. They believe the best part of recovery efforts is that the entire community is coming together and everyone from local change-makers to government officials are hearing from the people who live in these hard-hit areas. Each has different avenues for effecting positive change through redevelopment, and each is passionate and enthusiastic for the opportunity to listen to what the community wants and to be intentional about engaging everyone in the region as a critical component in the process. Learn more about these efforts by listening to the full conversation at 

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Cushman & Wakefield | Commercial Property Southwest Florida brokers $225K sale of office condo in Fort Myers

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FORT MYERS, Fla. (Dec. 1, 2022) – Gary Tasman, CEO and Principal Broker, and Gretchen Smith, Senior Director, of Cushman and Wakefield | Commercial Property Southwest Florida, LLC recently facilitated the sale of a +/- 1,440 sf office condo in Fort Myers, Fla. for $225,000. The office condo located at 12734 Kenwood Ln. Units 85-87 is built out for general office use and is located in the Kenwood Park Business Park. Mr. Tasman and Ms. Smith represented Merit Holdings Corporation in the sale of their property. The condo was listed for sale either as owner/user or as an investment property. The property was sold to The Bucca Group Real Estate Holdings, LLC.  About Cushman & Wakefield | Commercial Property Southwest Florida, LLC Cushman and Wakefield | Commercial Property Southwest Florida, LLC delivers integrated solutions by actively advising, implementing, and managing on behalf of landlords, tenants, and investors through every stage of the real estate process. They cultivate long term relationships, advising clients in buying, selling, financing, leasing, and managing assets. C&W also provides valuation advice, strategic planning and research, portfolio analysis, site selection and space location assistance. For more information about this transaction, or to learn more about Commercial Property Southwest Florida, please contact Gary Tasman at gtasman@cpswfl.com or visit www.cpswfl.com. Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2019, the firm had revenue of $8.2 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.

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Cushman & Wakefield | Commercial Property Southwest Florida brokers $1.5M sale of commercial property in Port Charlotte

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FORT MYERS, Fla. (Sept. 29, 2022) – Lane Boy, Executive Senior Director, of Cushman and Wakefield | Commercial Property Southwest Florida represented Heise Port Charlotte Property, LLC in the sale of +/-1.95 ac of land at 3491 Tamiami Trail, Port Charlotte, Florida to Adams Property Group for $1,500,000. According to Boy, “The buyer, Adams Property Group, plans to develop a self-storage facility on the site. They chose the site for its strong traffic counts, high visibility, good access, and its position relative to existing storage facilities in the area.” About Cushman & Wakefield | Commercial Property Southwest Florida, LLC Cushman and Wakefield | Commercial Property Southwest Florida, LLC delivers integrated solutions by actively advising, implementing, and managing on behalf of landlords, tenants, and investors through every stage of the real estate process. They cultivate long term relationships, advising clients in buying, selling, financing, leasing, and managing assets. C&W also provides valuation advice, strategic planning and research, portfolio analysis, site selection and space location assistance. For more information about this transaction, or to learn more about Commercial Property Southwest Florida, please contact Gary Tasman at gtasman@cpswfl.com or visit www.cpswfl.com. Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2019, the firm had revenue of $8.2 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.

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