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The Evolving Role of the Property Manager and the Tenant Experience

The role of the commercial property manager has evolved. Office vacancy rates continue to remain high due to work-from-home and hybrid policies and tenants are seizing the opportunity to upgrade their space. The flight to quality – a migration to amenity-driven spaces in walkable mixed-use communities, has posed a dilemma for building owners, property managers, and brokers, with a surplus of aging office space that continues to sit on the market. As a result, property managers are now finding that they have become curators of the “tenant experience” to compete.…

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June Closed Transactions

June transactions remained steady with our brokerage department closing 17 transactions equating to more than 202,000 square feet. For the third consecutive month, the Office Brokerage Group of Matt Gregory, Andy Dutcher, and Philip Bird had the largest overall transaction for the month. The team represented the tenant in signing the lease for Suite 300 at 2500 Farmers Drive, an 11,939-square-foot office suite. Overall, 52% of the month’s transactions were office sales or leases. The Industrial Property Team of Curt Berlin, Matt Osowski and Blake DeCrane represented the tenant in…

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