Latest Danburg Blog Info

Our Danburg Blogger account continues to generate some interest, and there are some good articles here, so we will continue to post the site on line. For our latest blog entries, go to www.danburg.com and click on the blog link at the top of the page.

Also visit our website for our latest office space and warehouse availabilities.

The Danblog Has Moved !

You can now keep up with the latest news, blogs and property availabilities at:

http://www.danburg.com/blog/

Downsizing?

Downsizing?

The Wall Street Journal reports that the office market has turned the corner and began to improve. Still businesses are trying to do more with less space and fewer employees.It seems everybody is downsizing.

That's good news for us as we specialize in small office spaces. We have a wide variety of layouts in the 600 to 2,000 square foot range and can also accommodate users up to 7,000 square feet.

Peninsula Corporate Center at Congress is probably the coolest building you've never seen and features full generator back up. The Preserve is a three building campus with impact glass and convenient drive up access and One Boca Commerce Center is a newly renovated office building with lake views. We have spaces from 354 to 4,000 square feet seconds from I-95 and available immediately.

For Real-Time Availabilities, Floorplans and Pictures See
www.danburg.com - examples below:

Suite 3005 - 356 Sq. Ft.
'The Mini - Me Suite'
Great two person 1 windowed office,
administrative area

Peninsula Corporate Center
950 Peninsula Corporate Circle
Boca Raton, FL 33487

►Spaces From 354 - 2,600 SF
►Impact Glass - Generator Back Up
►Spectacular Fountain Courtyard
►Class-A Finishes

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Suite 3207 - 1000 Sq. Ft.
'The Austin POWER Suite'
3 Windowed offices, reception, open
area, kitchen, rest room

The Preserve At 7700 Congress
Avenue
Boca Raton, FL 33487

►Campus Style Office Enviromnent
►Impact Glass, Upgraded Finishes
►Seconds to I-95
►Class-A Finishes
►No Add-On Factor
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Suite 107 - 826 Sq Ft.
'The Ivana View Suite
Three Offices, storage open area,
Great Lake View

One Boca Commerce Center
551 NW 77th Street
Boca Raton, FL 33487

►Two - Story Office Building
►Major Renovation Completed in June 2009
►Seconds to I-95
►Great Lake Views

Super Powers for your Office/Warehouse Space Search!

We all see the "For Lease" signs but we rarely know what is actually For Lease. We call the number listed (lucky ones get to speak with a LIVE person) to find out the space they were referring to is 30,000 SQ FT for our small business with 8 employees! ROFO has come up with a solution. A mobile app that allows you to:

SIMPLY POINT YOUR PHONE TO A BUILDING AND SEE THE AVAILABILITIES

Browse nearby spaces within a specified radius

View listing details including; photos, price and size of the space

Email the listing broker or landlord

Get directions to a listing using Google maps

Quickly see how it works:

To access the Rofo Channel download the Junaio app on your mobile phone. The Junaio application is available for free on the iPhone 3GS and will soon be available for Android users.

Search Danburg Management's Availabilities through ROFO's App or visit our website at www.danburg.com

From The Desk Of Ken Silberling - Part 2

Office Market Review Part 2
"Opportunity knocks but be careful of who's behind the door."
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In Part 1, I discussed how the office market has found a bottom and that rental rates and occupancy rates are now headed upward for the first time in two years. In Part 2, we'll explore the benefits and the pitfalls for tenants in today's market.

Ken Silberling has been Danburg Management's Vice President of Leasing and Acquisitions since 1999. Prior to that he was among the most widely quoted analysts of the South Florida Commercial Real Estate Market.

At the moment, we remain in a strong tenant's market. As a Landlord's representative, I am seeing rental rates at a 25 to 30 percent discount off the highs of two to three years ago. But those rates, which had been in a freefall, have begun to stabilize. Still, some owners remain desperate to attract new leases.

My recommendation for tenants is to take advantage of today's low rates and try to lock them in long term. I personally will consider shorter term leases in anticipation of future increases in market rents. But a word of warning. What may look like a good deal from a desperate owner of a distressed building could become problematic if that owner is unable to provide essential services. For example, what happens if an owner lacks the funding to repair a building's air conditioning system? And what happens to your corporate image if your landlord cuts corners on property upkeep and landscaping?

For landlords and tenants alike, credit is the key. As landlords, we are looking for tenants with whom we can develop long term relationships. We are willing to give great deals and expend funds on tenant improvements as long as we know that we will collect a fair market rent over the term of the lease. But tenants need to be careful that they are entering a relationship with a landlord that can provide the services and working environment necessary to keep their business successful.

"If you are the owner of a successful business, it's great time to take stock of your current and future space needs."

Palm Beach County Vacancy Rates If you are the owner of a successful business, it's great time to take stock of your current and future space needs. For tenants who foresee the need to expand, there is the opportunity to take on more space at a reduced rent. For those who will need less space, there is an opportunity to exchange current rent for future lease term, thereby reducing expenses.

At Danburg Management, we specialize in delivering top quality smaller office spaces from 350 to 7,000 square feet. We've also instituted our tenant connections program, where our tenants can share business opportunities to their mutual benefit.

Our company has been active in the South Florida market for 27 years and I've personally been active in the market for 25 years. Feel free to give me a call, drop me an e-mail or comment on our blog. For many companies, our properties can provide the solution they are looking for. If not, we'd be happy to discuss your specific needs and point you in the right direction.

Thanks for your interest,

Ken Silberling
Vice President, Acquisitions & Leasing
7700 Congress Avenue Suite 3100
Boca Raton, FL 33487
T (561) 997-9577 F (561) 997-9577
E-Mail: Ken@Danburg.com
Website: www.danburg.com

From The Desk Of Ken Silberling

CoStar reports the U.S. office market has bottomed and is headed toward recovery. So what does that mean to our readers, the business owners who need to determine their future office and warehouse space needs? We'd like your comments. Stay tuned next week for Part 2 - "Opportunity knocks, but be careful who's behind the door."

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Costar in its "The State of the U.S. Office Market: Mid-Year 2010 Review & Forecast" reports that the U.S. office market has bottomed and is headed toward recovery. Danburg Management, as a major player in the Boca Raton office market, sees this as great news. But what does that mean for local office tenants and to the commercial real estate community?

To start, Costar has emerged as the leading source of commercial real estate information in the U.S. A majority of the top national brokerage firms and institutions rely on their information, so we can assume this information is credible, so if Costar has spotted a trend, we can assume that there is something to it and a market turn has begun.

According to Costar, professional and business services added 360,000 jobs in the last three quarters and government workers increased by 290,000. Layoffs in the financial services and information sectors have only amounted to about 161,000 positions. While unemployment may still be rising in some sectors of the economy, the sectors that drive demand for office space are now growing. In addition, one of the effects of the current economic downturn is that developers have halted or delayed most of the new office projects. A report from Prudential states "A lack of construction, due to the lack of funding, could keep new supply from hitting the market for up to five years." Costar believes the combination of positive absorption along with limited new construction will drop the national vacancy rate, currently at 13 percent, to 11 percent by 2013.

In Palm Beach County, which was more vulnerable to the downturn in the housing market, office vacancies are higher than the national average, but they also declined from 24.5 to 23.5 percent in the second quarter of 2010. Meanwhile, asking rental rates increased for the first time in six quarters. The Boca Raton market remains a bit behind the curve as vacancies increased slightly from 24.2 to 24.6 percent in the second quarter.

At Danburg Management we have always outperformed the market with a "hands on" approach to providing quality workplaces at an excellent value. We are therefore less susceptible to market fluctuations. Still, we understand that to compete in today's market, we need to match the prices of some of our less successful competitors. If you need office or warehouse space, we are making great deals for quality tenants. Please call or e-mail for more information, or visit us at www.danburg.com.

Thanks for your interest,

Ken Silberling

Vice President, Acquisitions & Leasing
7700 Congress Avenue Suite 3100

Boca Raton, FL 33487

T (561) 997-9577 F (561) 997-9577

E-Mail: Ken@Danburg.com

Website: www.danburg.com

CoStar Reports Office Markets Have Bottomed