Features

With the industrial market showing no signs of slowing, employee satisfaction is important.

Habitat Group broke ground on Smart Brickell Tower 1 on March 29 and expects delivery in the first quarter of 2021. Vanegas says the firm hopes to begin construction in the third quarter of this year on Smart Brickell Tower 2 and deliver that project sometime in 2021.

The most negative reviews were found in Washington and Oregon, with average ratings of 2.1 and 2.3 respectively, but nationwide, the average reviews sit right in the middle of the scale at 3.2, says Rent.com.

Aggressive increases in the Southwest have kept Phoenix and Las Vegas at the top of the list for rent growth in the past year while the fastest and slowest yearly rent changes occurred in Midland/Odessa.

The total square footage of San Francisco tenants seeking space rose to 7.1 million square feet during the first quarter, surpassing the level of existing available supply by nearly 300,000 square feet, says CBRE.

The community places a focus on wellness with a bike share station, designated refrigerated area for fresh and frozen food delivery, safe and accessible street infrastructure and accessible outdoor living spaces.

Employment figures continue to increase, growing 2.5% annually since January 2018, combined with a decrease in deliveries, resulting in increased effective rents to $1,088, a 1.5% increase since Q1 2018.

The power is shifting towards employees and how and where they want to work.