October 2024 Market Update
Office vacancy in Manhattan has hit a three-year low, while Boston office leasing has reached a two-year high. LA office leasing has reached its highest level since Q1 2020. Additionally, the availability of Class A office space in Chicago has decreased for the first time since the pandemic. Even San Francisco, which has struggled the [...]
407 Guidici St, Jackson, MS – Warehouse Facility
Golden Group Real Estate, in conjunction with Bang Realty and acting as the exclusive agent for the Seller, is proud to announce the sale of an industrial park located at 407 Guidici St, Jackson, Mississippi. The property consists of a 44,619-square-foot warehouse facility comprising 2 buildings situated on 3.26 acres. The buildings are divided into [...]
Industrial Market Update – September 2024
In July, in-place industrial rents increased to $8.15 per SF, marking a 7.3% year-over-year rise, according to a report from CommercialEdge. This is good news for landlords dealing with a surge in supply. However, the overall industrial market is still below its record highs in 2022. The Inland Empire, Los Angeles, Miami, and New Jersey [...]
September 2024 Market Update
In August, the U.S. economy added 142,000 jobs, which was slightly below the expected 161,000 jobs. This suggests a slowdown in the labor market but could also lead to the Federal Reserve lowering interest rates later in the month. The unemployment rate dropped to 4.2% as the labor force expanded by 120,000, maintaining a 62.7% [...]
Guzel Lubinski Recognized as a Top Performing Broker
GUZEL LUBINSKI Recognized as a Top Performing Broker in Crexi’s Annual Platinum Broker Awards LOS ANGELES, CA, March 19, 2024 -- Crexi, the commercial real estate (CRE) industry's fastest-growing marketplace, data, and technology platform, today announced GUZEL LUBINSKI as a winner of its annual Platinum Broker Awards, an awards program recognizing the highest performing brokers [...]
3001 N York St, Martinsville, IL – Development Land
Golden Group Real Estate is pleased to announce the sale of 7.6 acres of the prime development site, located mid-way between Indianapolis and St Louis on Interstate 70, in the city called Martinsville. After a few months of aggressive marketing campaign, the firm was able to secure above asking offer from a large private multi-state [...]
101 N Washington St, Hanover, IL – Turn-Key Cannabis
Golden Group Real Estate, Inc. is pleased to announce the sale of 2 adjacent vacant industrial buildings in Hanover, IL totaling 109,380 square feet sitting on approximately 30 acres of land. The property was rebuilt as a turn-key cannabis manufacturing and distribution business. The current owners were growing hemp with anticipation to convert the production [...]
October 2023 Market Update
U.S. commercial property prices resumed their decline in Q3 as interest rates once thought to be inconceivable have become the norm, and will likely continue for at least the next 24 months. Retail rent has increased 11% since the end of 2019 and 4% over the past year as retailers enjoy surging sales amid limited [...]
2239 N Rand Rd, Palatine, IL – Development Land
Golden Group Real Estate is pleased to announce the sale of 3.3 acres of land, zoned B-5 and suitable for a variety type of industrial uses like: self-storage, car dealership, car wash, senior housing, restaurant, hotel or retail. 2239 N Rand Rd, Palatine is located in a prime Palatine TIF District along a busy retail [...]
September 2023 Market Update
The challenges facing the office market are broad, and especially pronounced at high-profile buildings in the largest urban markets. National office vacancy hit a record 13% in Q3 2023. Downtown office attendance is at half of its pre-pandemic level, based on keycard data. On a bright note, suburban office properties showed exceptionally robust net cash [...]
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