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Q1 U.S. Office Trends: Absorption Rates Slow, Construction Surges

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By Kevin Thorpe, Chief Economist

The weak economic performance in the first quarter of 2015 was primarily due to temporary factors, such as extreme cold and snow, West Coast port disruptions and weak exports. Despite the rough start to the year, we anticipate a pickup in economic activity in the coming months.

Q1 U.S. Industrial Trends: Absorption Rates Up, Vacancy Rates Fall

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By Kevin Thorpe, Chief Economist

Despite the economy’s lackluster performance, the industrial sector experienced a robust first quarter, unfazed by the unseasonably cold weather conditions and economic turbulence. The industrial sector registered significant employment growth in the manufacturing, wholesale trade, and transportation and utilities sectors. In fact, the rate of employment creation for industrial sector payroll jobs reached levels which have not been seen since the second quarter of 1998.

15 Questions: Get to know Marla Maloney

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Our 15 Questions series is back! Next stop: St. Louis, Missouri to get to know Marla Maloney, President, Asset Services, Americas. 

Where did you grow up, and where do you live now?

I grew up in the Midwest. I often make the comment that my clothes hang in St. Louis, as I spend a significant amount of time on the road cultivating relationships with clients.

The Value of the Dollar & CRE

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By Kevin Thorpe, Chief Economist, Americas & Rebecca Rockey, Economist 

Since March 28, 2014, the value of the dollar, as measured against other major currencies, appreciated by nearly 19%. Since May 2011, it rose by 34%, and DTZ anticipates the value of the U.S. dollar will continue to strengthen. As attention on these developments mounts, we consider the impact on commercial real estate markets in the U.S.

Tolliver's Take: Railroaded by the Railroad

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By Jason Tolliver, Regional Vice President 

It can be a constant challenge to keep a 3PL business on track, especially when rail car shipments are derailed.  This was clear this past fall and winter when increased demand and weather conditions created serious backlogs, intermodal train delays, storage constraints, and higher rail car premiums and transportation costs for shippers.  Although shippers big enough to have some clout with the railroads have expressed frustration with pricing and shipment delays, the hardest-hit shippers are the smaller customers, including 3PLs and their customers who feel railroaded by the railroad.

Washington DC is Up For the Challenge!

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By Katie Ross, Sustainability Project Manager

DTZ took part in the official launch of the Smarter DC Challenge, the citywide program supported by the District of Columbia for businesses and organizations to improve their sustainability measures. Along with 200+ attendees, including more than 30 organizations already committed to the Challenge, the event featured remarks from Tommy Wells, Director of the District Department of the Environment; Bill Updike, Interim Deputy Director for the Urban Sustainability Administration; Jeffrey Lesk, DC managing partner at Nixon Peabody law firm; Susan Kolodziejczyk, Senior Sustainability Executive at the National Geographic Society; Robin-Eve Jasper, Executive Director for the NoMa Business Improvement District; and DTZ's own Laurie McMahon, Vice Chairman. 

Finding a Link Between CRE Sustainability and Fitness Tracker Apps


By Katie Ross, Sustainability Project Manager

During a recent BOMA Webinar titled “Building a Sustainability Journey” I posed an unusual question to the audience:

Have you used a fitness tracker like a FitBit, Jawbone or Pedometer, or an app like RunKeeper, MyFitnessPal or Nike+?

Although the audience may have been confused as to what this question had to do with my presentation, they responded and we found that nearly half of the audience had used one of these fitness tracker devices. These innovative devices have become incredibly popular in the last few years as people try to hold themselves to their goals and track their daily activity.

Much like our audience finds value in measuring their footsteps, our team focuses on identifying and tracking metrics to demonstrate our success and shrink environmental footprints.

Industrial Real Estate Boom: What’s Driving the Demand for Space?

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By Kevin Thorpe, Chief Economist

The U.S. industrial sector is riding a wave of robust economic growth that began last spring, and all signs point to a continuing boom that could be the greatest in the sector’s history.  With fourth-quarter data in, our latest research confirms that the industrial sector has now absorbed over 500 million square feet of warehouse space since 2010. With virtually every industrial sector experiencing increased demand—from data processing hubs to distribution space and manufacturing centers—the four quarters of 2014 saw more demand for industrial space than in almost 20 years.

Q4 U.S. Office Trends: Absorption Rates Up, Vacancy Rates Down

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By Kevin Thorpe, Chief Economist

The strong economic close to 2014 wasn’t just a fluke. Our fourth quarter office research confirms a robust U.S. economy and office sector. Looking back at the last quarter, a number of economic factors contributed to solid growth in the U.S., including a drop in energy prices, a strong labor market, steady job creation and upward trends in consumer confidence.

Keeping the Wheels of Commerce Moving, Despite the Potholes

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By Jason Tolliver, Regional Vice President 

There are all kinds of holes: the delicious donut hole, the evasive loophole, the refreshing watering hole, the coveted hole-in-one and, of course, the dreaded pothole. We all have problems – mine is the winter pothole. 

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