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Ralph KampsJanuary 2025 Lease Asking Rates
...Full Story HereRalph Kamps
Editor CirexNews
608.345.2880
Ken Harwood
Publisher CirexNews
608.334.2174
January 2025 Lease Asking Rates
This Weeks Articles for 1/14/2025 ...
- How Madison`s economy could change in 2025...
- 2024 Industrial Net Lease Sales and Cap Rates...
- ‘My House And Everything I Own Is Gone’: Wildfires Push LA Real Estate To The Brink ...
- What`s Next For The AI Hype Cycle And The Data Center Boom? Industry Leaders Make 2025 Predictions ...
- How the surgeon general’s alcohol advisory could impact restaurant sales ...
- 2 early trends for 2025 and the potential in breakfast...
- Bisnow Survey: The Road Ahead In 2025 Will Bring Rate Cuts, Higher RTO — And Cost Challenges ...
- Prepare yourself for the future of retail...
- Pair Of Chicago Office Buildings Sell At Steep Discounts ...
- Chicago Office Market Off To A Blazing Start As 2 More Properties Change Hands ...
- Developers Plan One Of The Largest U.S. Data Center Campuses On 768 Acres In Texas ...
- Viable But Not Preferred: Why Warehouse Conversions Won’t Quench Data Center Demand ...
- Commercial property pricing begins to find its footing...
New Listings:
Building for Lease -- Active
Waunakee Business Center
202 Moravian Valley Rd, Waunakee, WI
Cirex News is emailed weekly to over 2,000 CRE Brokers/Agents and people interested in commercial real estate. Email Ralph or call 608-345-2880 to feature your business or properties in CirexNews...
How Madison`s economy could change in 2025
The year 2024 brought big changes to the Madison-area business and labor scene, including new projects adding lab space for science companies, a court ruling that could restore union rights to public sector workers, and big wins for the region’s nuclear fusion researchers.And all of those developments could lead to more news this year.
Here are seven local economy and worker-related stories to watch in 2025...
What will happen to Act 10?
What else might happen in local union news?
Will Madison add enough space for science startups?
Will Madison become a hub for rechargeable batteries?
What’s next for southern Wisconsin’s nuclear fusion companies?
Will Fetch achieve the `hypergrowth` it seeks?
How far will a Madison friend-making startup expand?
RSK: In case you missed it!
ABSTRACT Commercial Real Estate LLC
 219 E Main St, Mount Horeb, WI |
 5955 McKee Rd, Fitchburg, WI |
 640 University Ave Madison, WI |
 704 Williamson St Madison, WI |
 5955 McKee Rd, Fitchburg, WI |
 638 University Ave Madison, WI |
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...Full Story Here2024 Industrial Net Lease Sales and Cap Rates
Where are these trends heading? The latest update from Northmarq.
In third quarter 2024, the single-tenant industrial market remained on a path of reporting increasing sales volume. With $6.35 billion logged in the last three months, third quarter’s performance brings the year-to-date activity level to more than $16.2 billion.
If current momentum stays flat in fourth quarter, the sector would be on pace to just narrowly miss last year’s annual total, but with another 12 percent quarterly jump in activity, as was witnessed this reporting period, the sector will easily surpass last year’s performance.
READ ALSO: Industrial Sales Prices Inched Up in 2024
Average cap rates for net lease industrial transactions have, at least temporarily, leveled off. In the past two years, the market witnessed a series of sharp quarterly increases, taking the average from a low of 5.22 percent at mid-year 2022 to a recent high of 6.51 percent in first quarter 2024. Since then, rates have fluctuated only a few basis points each quarter and now sit at an average of 6.48 percent. By region, the industrial market has a narrower spread than other net lease sectors of just 99 basis points between the Northeast’s low average of 5.84 percent and the Southwest region at 6.83 percent...
RSK: Looks like industrial cap rates are still on the way up.
ARTIS REIT / Madison Lifestyle Office Portfolio
Madison Lifestyle Office Portfolio comprises 14 Class A properties totaling over 1.7 million square feet of leasable area and an additional 8.3 acres of development land. The portfolio is located on the west side of Madison, Wisconsin.
‘My House And Everything I Own Is Gone’: Wildfires Push LA Real Estate To The Brink
Kitty Wallace is still closing deals.As uncontained wildfires plagued Los Angeles on Thursday, the vice chair at Colliers Los Angeles had opened her Brentwood home’s doors to three evacuated families. And she knew that if the Palisades blaze kept developing, her household — which now consists of 12 people and two dogs, thanks to the flames — could be the next to evacuate.
Still, there was business to attend to. On Friday, she’s scheduled to close the sale of three multifamily buildings in Glendora, about 17 miles east of the Eaton fire, as part of a 1031 exchange. The buyer is a local player who watered his house, evacuated and got back to signing contracts via Docusign. The deal must go on, she said...
RSK: This and other disasters has pushed the insurance industry to the brink. It will effect everyone and not just homeowners but commercial property as well.
The Gialamas Company, Inc.
 8150 Excelsior Dr Madison, WI |
 1289 Deming Way Madison, WI |
 918 Deming Way Madison, WI |
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See All Listings Here...
...Full Story Here
For over 45 years, The Gialamas Company has brought real estate development, brokerage, leasing and building management expertise to the City of Madison and the State of Wisconsin.
What`s Next For The AI Hype Cycle And The Data Center Boom? Industry Leaders Make 2025 Predictions
The data center industry’s skyrocketing energy needs became front-page news last year, and those power woes aren’t going away anytime soon.
But industry leaders expect that in 2025 a clearer picture will emerge of how power shortages and artificial intelligence
are combining to redraw the data center map. It will also be a
make-or-break year for AI as tech giants look to make money from the
products and services driving the data center boom...
RSK: I still think the #1 problem will be the power grid and accessibility to electric power.
Madison Commercial Real Estate LLC
Need to sublet extra office space?
Let our years of experience help you find relief from this excess space and help your bottom line"
Call Ralph Kamps 608-345-2880
SEE ALL LISTINGS HERE
...Full Story Here
How the surgeon general’s alcohol advisory could impact restaurant sales
Dr. Vivek Murthy recommends updating the health warning label on alcoholic beverages to include their link to cancer
Last week – and just in time for Dry January – United States Surgeon General Dr. Vivek Murthy issued a new advisory outlining the link between alcohol consumption and increased cancer risk. In the advisory, he noted that alcohol consumption is the third leading preventable cause of cancer in the United States, after tobacco and obesity.
The scientific evidence supporting this link, the advisory adds, has been “growing over the past four decades,” however less than half of Americans recognize it as a risk factor for cancer. Murthy recommends steps to increase awareness about the alcohol/cancer connection, including an update to the existing surgeon general’s health warning label on alcoholic beverages, a reassessment of guideline limits, and expanded educational efforts from public health professionals and health care providers...
The scientific evidence supporting this link, the advisory adds, has been “growing over the past four decades,” however less than half of Americans recognize it as a risk factor for cancer. Murthy recommends steps to increase awareness about the alcohol/cancer connection, including an update to the existing surgeon general’s health warning label on alcoholic beverages, a reassessment of guideline limits, and expanded educational efforts from public health professionals and health care providers...
RSK: This will definitely put a slow dent in the profit margins of some establishments. Of course microplastics in food and food containers as well as water will be next. Moderation people and stay active.
CARW 2023 Events and Resources
2025 Economic Forecast
with KC Conway
January 30, 2025 @ 11:30 am - 1:30 pm
Details coming soon!
January 30th, 2025
11:30-1:30
The Trade Hotel
Ken Notes: Thank you Tracy Johnson President and CEO of CARW for keeping me in the loop.
2 early trends for 2025 and the potential in breakfast
On this week’s episode of Extra Serving, a podcast from Nation’s Restaurant News, NRN editor in chief Sam Oches and executive editor Alicia Kelso discuss two trends that have already made themselves known in the early days of 2025: value menus and beverage innovation. How might these two trends influence the restaurant industry in the year ahead? And how can restaurants put value menus to work for them without getting stuck with discounted prices?......Full Story Here
RSK: Boy hard to make it with Breakfast. Look at the Egg & I and Short Stack Eatery in Madison....neither could make it after 5 years even though they were popular places. I was on an entrepreneurial sounding board of about 20-25 people when the two ladies (girls back then) came in and gave us a presentation. They were awesome and well prepared except for one major item...I myself couldn`t see how they would make enough money to be satisfied and make the high rent of State Street area work.
Commercial Brokers Group
Knight Barry Title Group
With over 350 experienced real estate professionals, Knight Barry provides exceptional support and service. Visit our website for more information about our 50+ commercial and residential offices throughout
Wisconsin, Michigan, and Minnesota.
MADISON: 2450 Rimrock Road, Suite 204, 608-255-2700
CAP SQUARE: 44 E. Mifflin Street, Suite 101, 608-255-2700
MADISON: 2450 Rimrock Road, Suite 204, 608-255-2700
CAP SQUARE: 44 E. Mifflin Street, Suite 101, 608-255-2700
Bisnow Survey: The Road Ahead In 2025 Will Bring Rate Cuts, Higher RTO — And Cost Challenges
An overwhelming majority of Bisnow readers see lower interest rates and more people showing up to work at the office in their near future, according to responses to Bisnow’s 2025 predictions survey.But the 1,400-plus readers who weighed in on what the new year will bring are tempering optimism with caution. Rates that remain higher than a few years ago, taxes, potential tariffs and other cost pressures are top concerns for the commercial real estate industry...
RSK: Look at chart number 2 where they have aske if you should Hold, Buy or Sell. Well, If most people want to hold and no one wants to sell, where will the properties come from for the Buy? This alone drives up prices and inflation.
Food Fight
Food Fight Gift Cards...
Food Fight is a locally owned and operated restaurant group with an ever-growing family of unique and diverse restaurants in the greater Madison area. Founded in 1994 by Monty Schiro of Monty’s Blue Plate Diner and local real estate investor Peder Moren, Food Fight Restaurant Group combined their creative vision and business sense with a mission of providing the best possible service and experiences for the greater community.
Gift cards can be redeemed at all of our restaurants for dine-in visits or call-in carryout orders, and they never expire...
Reinhart
With the largest Real Estate Practice of any law firm in Wisconsin, Reinhart offers clients custom-tailored real estate insight.
Prepare yourself for the future of retail
A future vision for retail
Since the emergence of e-commerce in the 1990s, some observers had predicted the demise of in-person shopping. They were mistaken. What has emerged is much more complex than a simple, binary online/offline shopping dichotomy. Consumers today enjoy a growing number of ways to shop that cater to their individual needs at any given moment. From delivery to click-and-collect to personalized in-store shopping, the retail ecosystem has exploited new technology to give consumers exactly what they want.
Key highlights
- Embrace technology: Innovations will
create new opportunities. Artificial intelligence could take on shopping
tasks, with unmanned drones and vehicles delivering orders as needed.
AI may use consumer data to tailor the design, layout and merchandising
of each store to the needs of its specific trade area.
- Keep it human: The more virtual and
automated shopping becomes, a greater premium may be placed on human
experience: shoppers could be willing to pay more for it.
- Understand mixed-use environments:
New integrated mixed-use developments could change how we live and shop.
Future retail spaces could more likely be a part of communities that
blend residential, commercial, and recreational uses.
- Cultivate spaces where planet and people thrive: Future retail spaces will have to prioritize sustainability and resilience, incorporating features like renewable energy systems. Retail environments will need to be designed to serve diverse populations equally.
RSK: Two thirds of world wide people surveyed say the would rather shop in person....wow. No wonder retail real estate is hot right now.
St. John Properties
 6504 Ronald Reagan Ave, Madison, WI |  Madison East Business Center 4602 S Biltmore Ln, Madison, WI |  4602 S Biltmore Ln Madison, WI | |
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...Full Story HerePair Of Chicago Office Buildings Sell At Steep Discounts
A joint venture between 601W Cos. and David Werner Real Estate Investments secured a $62.5M loan from Northwind Group to buy 303 E. Wacker late last month in the larger of the two deals. The acquisition represents a plunge of about 66% in value for the office property, which last sold for $182M to Beacon Capital Partners in 2018. The property on the Chicago River is about 75% occupied, and tenants have signed roughly 300K SF of new leases at the building since the pandemic...
RSK: Sales up for Chicago Office Bldgs but at steep discounts.
Wisconsin Commercial Real Estate
 75 Gasser Rd Wisconsin Dells, WI |
 4711 Farwell St McFarland, WI |
 808 Industry Rd Sauk City, WI |
 426 Gammon Pl Madison, WI |
See All Listings Here...
...Full Story HereChicago Office Market Off To A Blazing Start As 2 More Properties Change Hands
The transaction market for Chicago office properties is roaring back to life as the new year gets underway, with two more buildings reportedly changing hands in deals that include the largest downtown office property sale by square footage in nearly three years.
Namdar Realty Group and Mason Asset Management completed an $85M purchase of the 57-story office tower at 70 W. Madison St. on Dec. 30, the largest downtown office property sale by total leasable space in almost three years, CoStar reported. The tower, which totals more than than 1.4M SF, is the largest property to trade hands since a controlling stake in the nearly 1.6M SF Bank of America Tower sold in March 2022...
RSK: Even more office sales in Chicago, but at big discounts.
Investors Associated
See All Listings Here...
...Full Story HereOne area of expertise for Investors Associated is first class property management. To keep our properties running smoothly, we focus on the little things with the big picture in mind. Our team is comprised of a group of individuals that oversees the day-to-day operations such tenant retention, lease negotiations and property maintenance costs. Bottom line, if you’re not happy, we’re not happy! Check out our properties today and see why you should lease with us.
Ep. 47 Linda Holtz - From France to U.S. Real Estate Success and AI Innovations...
Join us for a captivating conversation with Linda Holtz of M2RE, as she
shares her incredible journey from France to becoming a successful real
estate investor in the U.S. Linda`s expertise in property management has
been instrumental in her focus on multifamily value-add opportunities
in Houston, Texas, and her recent exploration of new development retail
centers. She offers invaluable insights on aligning investments with
personal values, ensuring quality housing, and building strong
relationships with investors—all while maintaining a strategic focus on
the Texas Triangle and beyond, including the promising market in Tulsa,
Oklahoma.
We`ll also explore the transformative impact of AI in real estate, where technology complements and enhances our unique narratives. With an eye on 2025, Linda and I discuss potential opportunities in the multifamily and commercial sectors, emphasizing the need for strategic planning and psychological resilience. Coaching has played a pivotal role in overcoming fears and embracing the freedom to live life fully, both in terms of time and location. Don’t miss this episode, where Linda’s story inspires us to connect with our passions and loved ones while thriving in the ever-evolving landscape of real estate.
...Full Story HereWe`ll also explore the transformative impact of AI in real estate, where technology complements and enhances our unique narratives. With an eye on 2025, Linda and I discuss potential opportunities in the multifamily and commercial sectors, emphasizing the need for strategic planning and psychological resilience. Coaching has played a pivotal role in overcoming fears and embracing the freedom to live life fully, both in terms of time and location. Don’t miss this episode, where Linda’s story inspires us to connect with our passions and loved ones while thriving in the ever-evolving landscape of real estate.
Ken Notes: nice podcast at the link...
RASCW Events
Southwest Chapter Winter Party
Description
Let’s celebrate the winter season by gathering together for good company, networking, and delicious food and drinks. You`ll also have the chance to meet and hear from the new RASCW and SCWMLS CEO, Lisa Marshall.Networking cocktail hour from 5:00-6:00 with dinner served at 6:00. Cost to attend will include dinner and one drink ticket. ...Full Story Here
Park Towne Realty LLC
 7031 River Rd DeForest, WI |
 402 Gammon Pl Madison, WI |
 6730 Odana Rd Madison, WI |
 1117 River Rd DeForest, WI |
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 6808 Odana Rd Madison, WI |
See All Listings Here...
Developers Plan One Of The Largest U.S. Data Center Campuses On 768 Acres In Texas
Provident Data Centers and American Real Estate Partners` PowerHouse Data Centers have formed a joint venture to build a data center campus near Dallas slated to be one of the largest such complexes in the United States...
RSK: This is one large data center campus and to tell you my thoughts is that the already weak Texas power grid won`t be able to handle the electric needs. Wisconsin is better suited for this. We have the water resources as well as a stable power grid that is not at capacity......and we have dormant nuclear plants that could be brought back up to speed.
Key Commercial Real Estate, LLC
See All Listings Here...
Viable But Not Preferred: Why Warehouse Conversions Won’t Quench Data Center Demand
emand for computing power to fuel the artificial intelligence revolution has fueled an immense need for new data centers just as industrial developers find themselves with an excess of land and warehouse space.Some major players, including Prologis, the world’s largest industrial developer, have pushed into the data center market to capitalize on the moment. Conversions have been floated as a way to redirect excess industrial space, but the projects are expensive and difficult to do at scale...
...Full Story Here
RSK: Well, this article just proves my point in the preceding article.
Mullins Group LLC
 2 E Mifflin St Madison, WI |
 22 E Mifflin St Madison, WI |
 152 W Johnson St Madison, WI |
 1400 E Washington Ave, Madison, WI |
 10 W Mifflin St Madison, WI |
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Commercial property pricing begins to find its footing
U.S. commercial property prices are nearing the end of the year on a hot streak in some categories not seen since 2022.The November CoStar Commercial Repeat Sale Indices report indicated multiple positive trends of back-to-back monthly growth that could bode well for markets heading into next year.
The CCRSI value-weighted U.S. composite index, a measure of mostly high-dollar trades common in major cities, rose 1.3% over October, the fourth consecutive monthly increase. The last string of growth for four months in a row occurred from April to July 2022.
The index is still down 2.5% in the 12-month period ended in November compared to the prior year. However, the speed of decline is decelerating. For example, the index lost 12.4% of its value from July 2023 to July 2024...
RSK: WIll it continue? A lot depends on inflation and interest rates. Right now it seems people are taking short term interest rates for financing in hopes that further rate cuts are in the near future. Rumor has it that the next rate cut will be in October.
Properties for Lease or for Sale By Company
ABSTRACT Commercial Real Estate LLC |
The Gialamas Company, Inc. |
Artis Reit |
Key Commercial Real Estate, LLC |
Madison Commercial Real Estate LLC |
St. John Properties |
IA Management, LLC |
Wisconsin Commercial Real Estate |
Park Towne Realty LLC |
Mullins Group, LLC |
Crown |
Flad Development & Investment Corp. |
Evans Properties, LLC |
Keller Real Estate Group |
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MIG Commercial Real Estate, LLC |
First Weber Group, Inc - West Towne |
Opitz Realty, Inc. |
First Weber Group, Inc - Prairie Du Sac |
Peterson Management Company Inc. |
The Lenhart Company, Inc |
Scott Faust & Associates |
Shamrock Real Estate Services, LLC |
Targa, Inc |
Executive Management, Inc |
Stark Commercial - East |
Urban Land Interests |
Slinde Realty Company |
Assist-2-Sell/Pohlkamp & Associates |
Berkshire Hathaway Home Services Matson Real Estate |
Artisan Graham Real Estate  |
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Hovde & Hovde, Inc
...Full Story Here
About CirexNews.com
Ralph Kamps
Editor CirexNews
608.345.2880
Ken Harwood
Publisher CirexNews
608.334.2174
Cirex News is emailed weekly to over 2,000 CRE Brokers/Agents and people interested in commercial real estate. It is online at CirexNews.com. All of our articles are archived and searchable. So a search for "opportunity zone" will bring up dozens of articles on the subject.
In our weekly News & Views you can promote your clients properties and your services
call 608-345-2880 for details...
...Full Story Here