Spring is in full force, and our 2024 HM Mini Goal Program keeps surprising us with more and more creative ways everyone is accomplishing our mini goals. In April, our goal was to have an outdoor adventure, and we loved seeing you enjoy the great outdoors all across the country! From watching the solar eclipse that took the U.S. by storm, to picking flowers on a farm, taking strolls on the beach, hiking and even scuba diving, these submissions keep getting better as the months go by. We even had a submission from the hills of France! Keep scrolling to see some of the photos from all of your ad ..read more

In 1954, Darrell Huff’s How to Lie with Statistics quickly became a standard textbook for any introductory statistics class, addressing thorny concepts such as random sampling, correlation versus causation and visual misrepresentation through scale manipulation or truncation. The book makes the case that we are all susceptible to being misled if we are not careful about the way we interpret statistics. In line with this, the commercial real estate brokerage industry frequently distorts statistics by manipulating the measurement of available space in terms of percentages. The classic “vacancy r ..read more

While this title seems like a bold assertion, everyone is waking up to the reality that the office markets around the United States are in freefall. Consider this graph that compares January 2023 availability rates of U.S. office space to today. Nearly every metro area has crested 20%… or is well on the way… with Denver and the Texas markets of Dallas, Houston and Austin all at 25%, and San Francisco in the lead at almost 33%. Never in history has there been a bigger fall from grace than the story of Downtown San Francisco office real estate, having gone from one of the most expensive and tigh ..read more

Welcome to March of 2024, four years post-Covid. No longer are the ecommerce companies gobbling up hundreds of millions of square feet a year like they did in 2021 and 2022. No longer is the supply chain stuffed with raw materials and goods to satisfy a seemingly insatiable consumer demand. No longer are construction materials overflowing in warehouses stuffed for new construction and remodeling. In fact, in lieu of the hyper-growth the industrial real estate market experienced from 2020-2022, a full reversal is in the making. Industrial companies that over-committed to space during that run u ..read more

Today’s companies are seeking out office spaces that go beyond four walls by incorporating elements of live, work and play. Mike Paleo, Senior Vice President for our Orange County office, recently shared his insights into the current trends on an Association for Corporate Growth, Orange County commercial real estate panel—including how he’s helping clients locate workspaces that offer far more than standard cubicles and meeting rooms. The panel brought together experts in finance, design, human resources and commercial real estate to discuss how the market is shifting toward offices that bette ..read more

Salt Lake City, UT – Hughes Marino, a global corporate real estate advisory firm that specializes in representing tenants and buyers, is proud to announce its latest office opening in Salt Lake City, Utah. With offices in multiple cities across the U.S., and growing its team by 8x in less than 10 years, Hughes Marino continues to expand its services to tenants and owner users across the country. “With the vibrant business scene in Salt Lake City, including the recent growth of the financial technology and life science industries, we’re excited to bring our unparalleled tenant services to the r ..read more

We have two months in the books of ‘doing what we said we would do’ for our 2024 HM Mini Goal Program! In February our goal was to paint something, and you all really showed up. From beautiful team watercolor works, to painting a new nursery and painting fences, walls and other home improvement projects, we loved seeing how everyone expressed their creativity with a paint brush last month. Keep scrolling to see some of our photo submissions! With the anticipation of spring right around the corner, we think this next goal is pretty fitting! Whether it’s through planting seeds, bulbs or flowers ..read more

Four years post-Covid, most employers and employees are now living the new normal—they are remote, hybrid or distributed, working where they thrive and often coming into the office three or four days a week. Right now, many companies have no formal policy as to days in the office, and most companies are not back in the office five days per week, nor do we expect them to ever be again. The effect of this on office space demand has been severe, as most people intuitively realize at this point. But how bad is it? From my perspective, the answer is that it’s more complex than most people think, an ..read more

We hope watching the sunrise in January brought some peace and reflection to your month, and served as a great way to kick off our 2024 HM Mini Goal Program! With photo submissions sent from across the U.S., from Hawaii to Massachusetts and everywhere in between, we loved seeing how everyone took in the beauty of a sunrise. Be sure to scroll to the bottom of this blog post to see a few of the many inspiring submissions we received throughout January! Members of our Dallas and Los Angeles teams met up at their offices early this month to catch a sunrise together—they even brought along some of ..read more

When it comes to the commercial real estate market, uncertainty is mounting. Looking out across Elliott Bay to Seattle’s skyline with its iconic Space Needle, or flying in for a landing over San Francisco’s office towers, anywhere from a third to half of the offices are vacant. The push to remote or hybrid work is digging in its heels, and interest rates are rising. There’s fear of a coming recession, fueled in part by the looming $1.5 trillion in commercial real estate mortgages which are coming due in the next two years. The vast majority of these are held by smaller lenders. And those lende ..read more