Commercial real estate firm CBRE announced it is creating a new team exclusively focused on occupiers.
It’s a first of its kind in the Greenville-Spartanburg market, said CBRE. Dedicated teams for occupiers are usually relegated to primary markets like Charlotte and Atlanta. Ryan Clark, senior associate, and Joe Cummings, associate, will head up the new Occupier Services team advising occupiers on real estate needs whether the assignment is a relocation, expansion, consolidation, sublease, acquisition or disposition.
“We are excited to bring this specialty to the Upstate to explore strategies that create first-class workplace environments that attract and retain talent, improve employee productivity and satisfaction, and will increase operational efficiencies,” said Clark. “For many tenants and organizations, the operating costs associated with fixed assets are often second only to labor cost. Similar to investors, it’s important for tenants to have a partner and advocate when navigating the challenging issues associated with occupancy requirements and negotiations.”
According to CBRE, more than 250,000 square feet of space was leased by tenants new to the market last year and the company anticipates greater opportunity in the future. With vacancy at a record low, it has never been more challenging to secure space for tenants, said CBRE. While this can present an economic challenge for the region, Clark and Cummings hope to leverage their market intelligence to ensure that tenants, both active in the market and those new-to-market, are able to find the space they need.
“Real estate decisions are expensive and will always impact an organization’s bottom line,” said Cummings. “Many organizations only evaluate their immediate needs when it comes time to make real estate decisions in a single transaction. While our team will assist in creating opportunities that meet the client’s needs of today, we will also drive long-term exceptional outcomes for the future.”
