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Santa Barbara, CA
Joined November 2012
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Gradually, office vacancy rates are receding.
The national vacancy rate has dropped by 150 basis points since March 2024, while saw markets saw vacancy decreases as significant as 300+ bps since.
Find out more in our full January office report:
commercialcafe.com/blog/nati…
2025 cemented itself as a transitional year for industrial real estate, with tariff-driven volatility and manufacturing shifts defining the sector. Read more:
commercialcafe.com/blog/nati…
Tighter lending standards are leading to a new paradigm in the U.S. startup scene: new companies must now rely more heavily on the strength of their local ecosystems. Here are the cities best poised to offer startups what they need to succeed:
commercialcafe.com/blog/best…
So far in 2025, 340 industrial facilities smaller than 100,000 square feet broke ground across the U.S., up 16% annually. For comparison, construction of large facilities almost halved.
Read more -> commercialcafe.com/blog/nati…
Recovery in the office sector continues to be uneven and defined by flight to quality. Insurance company Zurich North America announced relocation plans from its current West Loop headquarters to a space in the Willis Tower.
Read more --> commercialcafe.com/blog/zuri…
Communications and consulting firm FGS Global has recently committed to a 15-year lease at Penn 2, planning to relocate its operations from Midtown East to the Hudson Yards area. The recently renovated property is now approximately 70% occupied. Read more:
Based on our latest data, year-to-date sales in 2025 are higher than the same point in 2022. With new construction starts also expected to overtake those in recent years, there may be room for some optimism in the office sector. Read more:
commercialcafe.com/blog/nati…
Cities that provide Generation Z with the advantages they seek stand to benefit from the nation's newest cohort of professionals and taxpayers. Check out @ccrmag's coverage of our ranking of the best cities for Gen Z:
ccr-mag.com/top-u-s-cities-f…
Despite the naysayers, Gen Zers are proving themselves to be financially astute, community-oriented and cost-conscious.
Starting with #minneapolis, #atlanta and #boston, here are the best cities for Gen Z to thrive in:
commercialcafe.com/blog/best…
CommercialCafe retweeted
Raleigh ranks #5 on @CommercialCafe's 2025 list of Best Cities for Gen Z! Raleigh's high share of jobs & vibrant young adult community continues to stand out as one of the most affordable and opportunity-rich cities in the country. Read more: bit.ly/3WqcTpB
When a city fosters a concentration of skilled professionals and the right innovation infrastructure, it creates a powerful engine for economic growth and innovation.
commercialcafe.com/blog/inno…
SL Green — Manhattan's biggest office landlord — agreed to purchase two properties in Midtown East, located near One Vanderbilt and Bryant Park. The REIT plans to redevelop them into a world-class office property totaling 800,000 square feet.
commercialcafe.com/blog/sl-g…
More than 70% of class A or A+ properties sold since 2023 saw their valuations decline from previous sales, compared to only 38% of class B and 19% of class C properties, highlighting the decline in demand for office spaces in central business districts.
commercialcafe.com/blog/nati…
From a KLA chip plant in Ann Arbor, Mich., to quantum processing research in Chicago, the Midwest continues to be an example of innovation. Here are the cities benefiting from the influx of talent and investment into the region's innovation ecosystem:
commercialcafe.com/blog/inno…
Sustainability can no longer be an afterthought in commercial real estate. Check out Commercial Construction & Renovation's coverage of our ranking of the most sustainable office markets in the U.S., with a focus on Atlanta:
ccr-mag.com/atlanta-ranks-2n…
A few years ago, office conversions were a fringe trend that few building owners concerned themselves with, but stubbornly high vacancy rates are making this solution seem more and more attractive. Read more in our latest national office report:
commercialcafe.com/blog/nati…
Mid-sized cities are no longer stepping stones that Generation Z studies in on their way to a successful career. Many are choosing to settle down in college towns, choosing slower living, community and affordability.
commercialcafe.com/blog/best…
The South has built a reputation for innovation and availability of talent in STEM fields, but which of the region's cities are the most talent-dense? Find out in our ranking of the South's best innovation hubs:
commercialcafe.com/blog/inno…
Phoenix is still the nation's prime industrial market, despite a dwindling supply pipeline, while trade uncertainties weigh on decision-makers and vacancies stabilize. Read more in our Q1 2025 industrial market ranking:
commercialcafe.com/blog/nati…
The first quarter of 2025 outlined some prevailing trends in the office sector: Heightened investor preference for top-tier properties and a tendency toward flexibility among tenants. Read more in our Q1 2025 office report:
commercialcafe.com/blog/nati…
