The Giles Group - Commercial Real Estate

06/26/2024

📸 Photographers Wanted!

We are looking for a skilled photographer to take exterior shots of 10 rental properties in Tullahoma, TN. Important: We need the vehicles in the driveways to be photoshopped out of the pictures.

👉 If you have experience with outdoor photography and are proficient in Photoshop, we'd love to hear from you.

📧 Please respond to [email protected] and CC [email protected] if you are interested.

Feel free to share this post or tag someone who might be the perfect fit for this opportunity!

02/16/2023

It’s difficult to accurately generalize about the state of CRE. Each asset type and market responds to economic conditions very differently.

Despite strong economic indicators, commercial real estate is acting as though the U.S. is already in a recession — and experts are bracing for more pain.

02/16/2023

Will this be a trend for other popular restaurants - tear down existing locations with indoor dining rooms in order to build drive-thru only locations with multiple lanes?

The new restaurant will have more drive-thru lanes and no indoor dining.

02/15/2023

Converting vacant office space to housing is a popular theme -- not just in the US, but in Canada as well. Unfortunately, after an assessment of over 500 buildings, only 25% are realistic conversion options.

With office vacancy rates at high levels in several Canadian cities and a shortage of housing, the idea of turning old empty offices into apartments or condos is attracting attention. Experts say the concept is good, but it’s not a fix all to solve complex housing issues.

02/14/2023

There will be significant opportunities for brokerage, accounting, and consulting firms to support owners and developers with sustainability projects backed partially by federal funds.

The significant federal investment in renewable power and green infrastructure is leading to a rush for talent in commercial real estate.

02/13/2023

There’s hope for landlords who have to fill vacant BB&B locations.

Some landlords who own Bed Bath & Beyond boxes are already lining up replacement tenants.

02/03/2023

There has been a lot of discussion about redeveloping vacant office buildings into other uses, like multifamily. A change to zoning codes in Arlington, VA has opened new possibilities with lower conversion costs.

The Arlington County Board approved a zoning change Saturday that would allow vacant office space to be converted by-right to a series of alternate uses.

02/03/2023

Chipotle has identified an opportunity and plans to more than double its footprint to 7,000 locations over the next few year.

Chipotle is looking to expand its footprint across the country to 7,000 stores.

01/31/2023

Big tech companies who fueled office market growth over the last few years are now subletting vast amounts of space across many markets. If you’re in the market for new space, this could help your ability to negotiate better lease rates and other terms.

Tech has leased more office space than any other industry since 2010. Now, leasing activity has slowed to a five-year low and subleases are piling up.

01/31/2023

This new report shows that since 2019, office and retail spaces in walkable areas have commanded a 40%+ rent premium compared to spaces in non-walkable areas. This is true for markets of all sizes, not just confined to major cities.

A new report by Smart Growth America shows how walkable urban areas impact office, retail and other CRE asset types across the nation.

01/30/2023

Restaurants with drive-throughs have been in high demand since the pandemic. This story highlights some of the key considerations for restaurants considering a land lease to build their next location.

As businesses begin to emerge from the COVID-19 pandemic, brick-and-mortar retail and restaurant leasing is showing strong growth. U.S. retail vacancy...

01/26/2023

Some Class C and even B office buildings may find new life with a different use.

With an increasing amount of vacant office space hitting the market, more commercial real estate players are repurposing their space.