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So far StLouis has created 19 blog entries.

St. Louis Industrial Market Sets Absorption Record in 2016

ST. LOUIS, January 24, 2017 – Cushman & Wakefield announced today that in 2016 the St. Louis industrial market experienced the highest amount of annual positive absorption for the past 30 years, with 4.97 million square feet. In the fourth quarter alone, 1.83 million square feet were absorbed. “On top of a record year of absorption, we also saw a record year of inventory,” said Brian Ungles, Cushman & Wakefield Managing Principal. “After adding 3.20 million square feet of new inventory in the first three quarters, another 2.82 million square feet were added in the fourth quarter – bringing the total new inventory to 6.01 million square feet for the year. This is the highest amount of new construction since 2001 when 6.05 million square feet were delivered.” In addition, the office market ended the fourth quarter with 194,000 square feet of positive absorption, bringing the year-end total to 872,000 [...]

2018-04-13T10:02:14+00:00 January 24th, 2017|In the News|

Cushman & Wakefield Again Secures No. 1 Spot on “The List: Largest Commercial Real Estate Firms”

ST. LOUIS, January 19, 2017 – Cushman & Wakefield announced today that the St. Louis Business Journal ranked the firm No. 1 on “The List: Largest Commercial Real Estate Firms.” Firms are ranked by their number of active local brokers as of December 1, 2016. Cushman & Wakefield had 206 and a total transaction volume of $464.3 million for all of 2016. “For nearly a century, Cushman & Wakefield and its legacy firms have been a leader in the St. Louis commercial real estate market,” said Managing Principal Brian Ungles, CCIM. “Throughout our history, we have been strongly committed to serving both our clients and the St. Louis community.” With more than 900 associates in seven local offices, Cushman & Wakefield’s largest operational hub is in St. Louis. The firm’s local offices include executive leadership and corporate divisions such as Human Resources, Corporate Accounting, Client Property Accounting and Information Technology. Cushman & Wakefield’s [...]

2018-04-13T10:02:14+00:00 January 19th, 2017|In the News|

Cushman & Wakefield’s Lauren Talley Named to the “40 Under 40” Class of 2017 by St. Louis Business Journal

ST. LOUIS, January 12, 2017 – Cushman & Wakefield announced today that Associate Vice President Lauren Talley, LEED AP, has been named to the St. Louis Business Journal’s “40 Under 40” Class of 2017 from more than 450 nominations. Members of “40 Under 40” classes selected the class of 2017, who will join the ranks of over 900 previous winners. The class represents businesses from commercial real estate to health care to education fields and more. “I know and work with many of the fellow honorees who were selected this year. I am humbled to be chosen amongst them; they are some of the smartest, hardest working and honest people in St. Louis; they are best in class.” said Mrs. Talley. In her role, Mrs. Talley is responsible for handling the construction management work in the St. Louis market for Cushman & Wakefield and its clients. She has over 12 years [...]

2018-04-13T10:02:14+00:00 January 12th, 2017|In the News|

John Warren Joins Cushman & Wakefield’s St. Louis Office as Director

ST. LOUIS, January 9, 2017 – Cushman & Wakefield announced today that John Warren has joined the firm’s St. Louis office as a Director. In this role, he will focus on office tenant representation and agency leasing. “We are so pleased that John is joining our team,” said Brian Ungles, Managing Principal of Cushman & Wakefield’s St. Louis office. “With his 12 years of experience in the St. Louis office market, we are looking forward to his contributions in helping our clients and growing this line of business.” Previously, Mr. Warren worked as a Vice President at JLL, specializing in office leasing. He has successfully represented a range of local and national clients, including Ball Aerospace, Bank of America and AFLAC. “I’m excited to join the office team at Cushman & Wakefield,” said Mr. Warren. “I’m ready to jump in and begin working on the team’s goals for 2017 and [...]

2018-04-13T10:02:14+00:00 January 9th, 2017|In the News|

St. Louis Industrial Absorption Hits 20-Year Quarterly High; Office Market Continues to Tighten, Reports Cushman & Wakefield

ST. LOUIS, October 24, 2016 – Cushman & Wakefield announced today that the St. Louis industrial market experienced the highest positive absorption for a single quarter in the past 20 years, with 3.28 million square feet of positive absorption in the third quarter. This ranks St. Louis No. 7 in the U.S. for third-quarter net absorption. “Limited blocks of available space across the metro area have sparked a flood of new development,” said Brian Ungles, Cushman & Wakefield Managing Principal. “Currently, there is 5.04 million square feet under construction, with 3.4 million square feet expected to be delivered in the fourth quarter. We are tracking signed deals that will lead to another 1.5 million square feet of positive net absorption due to occur in the fourth quarter, making 2016 the highest single year for absorption in St. Louis history.” In addition, the St. Louis office market continues to tighten with [...]

2018-04-13T10:02:14+00:00 October 24th, 2016|In the News|

Cushman & Wakefield Invests in St. Louis, will Add 600 New Jobs

ST. LOUIS, October 14, 2016 – Cushman & Wakefield announced today that the firm will add 600 new jobs in St. Louis by 2019. To support this growth, Cushman & Wakefield has leased 92,000 square feet at 575 Maryville Centre. With this expansion, Cushman & Wakefield will earn Missouri Statewide Works incentives based on the creation of 600 new, full-time jobs and a significant investment in real and personal property. “This expansion is a clear indication of our dedication to the St. Louis community, our employees, and our clients,” said Joe Stettinius, Cushman & Wakefield Chief Executive, Americas. “Our employees in St. Louis have played a crucial role in the growth of our firm, from both a local and national perspective. While we are the industry leader in the local market, our teams in St. Louis are also critical to ability to provide services across the Americas and globally.” The [...]

2018-04-13T10:02:14+00:00 October 14th, 2016|In the News|

The State of Real Estate® St. Louis: Industrial Experiences Historic Year with Office and Capital Markets Also Solid Performers

ST. LOUIS, Sept. 22, 2016 – Cushman & Wakefield’s annual The State of Real Estate® St. Louis event highlighted the overall strength of the metro region’s industrial, office and capital markets sectors for an audience of owners, occupiers, investors and other decision makers at The Ritz Carlton. Highlights of the program include: Industrial market With 5.4 million square feet of projected absorption by the end of the year; nearly 9 million square feet of space under construction or completed this year; and an expected industrial sales volume of over $350 million, the industrial market is experiencing a historic year. Ed Lampitt, Managing Director, indicated that there has never been more industrial space under construction at one time in the past 15 years. A combination of strong absorption and historically low vacancy rates are pushing developers and tenants to build. Currently, there is 5.8 million square feet of speculative space under [...]

2018-04-13T10:02:14+00:00 September 23rd, 2016|In the News|

Cushman & Wakefield Ranks No. 1 on St. Louis Business Journal List of Office Property Management Firms

ST. LOUIS, Aug. 11, 2016 – Cushman & Wakefield announced today that it has been named the top office property management firm in St. Louis by the St. Louis Business Journal. The ranking is based upon square feet managed locally, and Cushman & Wakefield manages almost 21 million square feet. Notable local office properties the firm manages include: Edward Jones’ headquarters, U.S. Bank Tower, One Financial Plaza, Westport Plaza, Creve Coeur Corporate Center, BJC’s Medical Office Buildings and Timberlake Corporate Center. Locally, Cushman & Wakefield has 870 employees and 168 property management professionals. “Being ranked No. 1 again this year speaks volumes about our property management team,” said Brian Ungles, Managing Principal of the St. Louis office. “The team focuses on driving value in each building while helping our clients achieve results tailored specifically to their needs and goals. Our specialists are dedicated to providing premium services and innovative solutions [...]

2018-04-13T10:02:14+00:00 August 11th, 2016|In the News|

Over 5.6 MSF Under Construction in St. Louis Industrial Market

ST. LOUIS, July 12, 2016 – Cushman & Wakefield announced today that the St. Louis industrial market has more than 5.6 million square feet of space currently under construction and has completed over 2.05 million square feet year-to-date. “There has never been more industrial space under construction at one time in the last 15 years than there is now in the St. Louis market,” said Brian Ungles, Cushman & Wakefield Managing Principal. “A combination of strong absorption and historically low vacancy rates are pushing developers and tenants to build.” In addition, the St. Louis office market experienced record absorption in the second quarter, ending with 355,000 square feet of positive absorption. “This brings year-to-date absorption to 554,000 square feet, dropping the vacancy rate by 180 basis points in the last six months to 12.6%, the lowest vacancy rate in St. Louis since 2001,” said Mr. Ungles. Q2 2016 Highlights by [...]

2018-04-13T10:02:14+00:00 July 27th, 2016|In the News|