Office

Best Returns May Lie Out of the Spotlight for Hong Kong’s Value-Add Market

While investment volumes in commercial real estate in Hong Kong were up strongly last year, flagship office buildings and prime development sites are beyond the reach of all but a handful of players. For most investors, more interesting opportunities lie in other, less-visible parts of the market. Rather than waiting for (and possibly missing) the next correction, investors who are willing to roll up their sleeves may find opportunities away from the spotlight.

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Recent Articles

  • Workplaces May Not Shrink Further, but They May Gain Flexibility

    May 3, 2018

    Companies may be starting to see that squeezing more employees into less space is starting to be counterproductive, but panelists at ULI’s 2018 Spring Meeting agreed that expansive offices were largely a thing of the past, especially with wireless communications and cloud-based applications increasingly allowing employees to get much of their work done off site.

  • In Brief: Investors See Upside in Coworking Spaces—Up to a Point

    March 19, 2018

    While commercial real estate investors generally take a positive view on coworking, maintaining a balance of traditional and coworking space in a building is critical when it comes to creating long-term capital value. According to a CBRE survey, investors say that a coworking occupancy of a third of the space or less, with a qualified operator, supports a healthy capital value.

  • Encouraging Aspiring Developers to Think Both Big and Small

    March 12, 2018

    Speaking at a ULI Minnesota event, Kevin Cavenaugh, owner of Portland-based Guerrilla Development, said bigger is not necessarily better, and oftentimes it is worse, in terms of the complexity and risk.

  • The $3 Billion Project Transforming Downtown Tampa

    February 28, 2018

    With roughly 58,000 people moving to the city of Tampa in 2016 alone, the region stands out as an example of accelerating U.S. growth. Water Street Tampa will give an urban facelift to Tampa’s skyline and double the downtown area in size.

  • In Brief: CBRE Foresees Continued U.S. Office Market Expansion in 2018

    January 29, 2018

    Improved U.S. office market fundamentals should continue, downtown markets will receive a disproportionate amount of new supply, the tech sector likely will remain a primary demand driver, and occupiers will pursue space efficiency and agility this year, according to a CBRE report.

  • How Amazon’s Moves Could Affect Cities Like Austin

    December 18, 2017

    The highly coveted second corporate headquarters of e-commerce giant Amazon.com would be a welcome addition to Austin, but the $5 billion project undoubtedly would produce more housing and transportation woes in one of the fastest-growing regions of the United States, said panelists at a ULI Austin event.

  • How Three D.C. Landlords Are Attracting Tech Tenants

    December 11, 2017

    The Washington, D.C., region is shedding its reputation as a stodgy government town and emerging as a forward-thinking mecca for technology firms and young professionals. With eyes on attracting projects such as Amazon’s second headquarters, area landlords, brokers, architects, and economic development organizations are teaming up to ink leases with both high-profile and homegrown tech firms.

  • In Brief: Hong Kong Becomes World’s Priciest Office Location

    Hong Kong has surpassed London’s West End as the world’s most expensive office market, according to new research from Cushman & Wakefield. Using proprietary data, the report ranks occupancy costs per workstation as well as workplace densities for newly developed or refurbished office space globally. At a global level, the average annual cost per workstation rose by 1.5 percent over the past 12 months.

  • Designing for Collaboration: BCG’s “Collision Coefficient”

    December 4, 2017

    Four takeaways on the use of data science to measure professionals’ interactions in new office designs based on the new Boston Consulting Group workplace at New York City’s 10 Hudson Yards.

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